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Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2020
Accounting Policies [Abstract]  
The categorization of the Trust’s assets is as shown below:

The categorization of the Trust’s assets is as shown below:

 

(Amounts in 000’s of US$)  June 30, 2020   December 31, 2019 
Level 2          
Investment in gold  $2,187,652   $1,193,151 
Changes in ounces of gold

Changes in ounces of gold and their respective values for the three and six months ended June 30, 2020 and 2019 are set out below:

 

   Three Months Ended
June 30, 2020		   Three Months Ended
June 30, 2019		 
(Amounts in 000’s of US$, except for ounces data)          
Ounces of gold          
Opening balance   905,748.6    679,748.8 
Creations   331,973.8    14,455.7 
Redemptions   —    (28,917.1)
Transfers of gold to pay expenses   (432.6)   (289.0)
Closing balance   1,237,289.9    664,998.4 
           
Investment in gold          
Opening balance  $1,457,304   $880,547 
Creations   566,353    19,528 
Redemptions   —    (36,982)
Realized gain on gold distributed for the redemption of Shares   —    1,341 
Transfers of gold to pay expenses   (722)   (374)
Realized gain on gold transferred to pay expenses   120    17 
Change in unrealized gain on investment in gold   164,597    72,906 
Closing balance  $2,187,652   $936,983 

 

 

 

   Six Months Ended
June 30, 2020		   Six Months Ended
June 30, 2019		 
(Amounts in 000’s of US$, except for ounces data)          
Ounces of gold          
Opening balance   787,688.3    641,449.1 
Creations   505,245.9    72,317.1 
Redemptions   (54,860.2)   (48,199.0)
Transfers of gold to pay expenses   (784.1)   (568.8)
Closing balance   1,237,289.9    664,998.4 
           
Investment in gold          
Opening balance  $1,193,151   $822,113 
Creations   844,383    94,460 
Redemptions   (82,715)   (62,177)
Realized gain on gold distributed for the redemption of Shares   9,417    2,771 
Transfers of gold to pay expenses   (1,269)   (735)
Realized gain on gold transferred to pay expenses   209    36 
Change in unrealized gain on investment in gold   224,476    80,515 
Closing balance  $2,187,652   $936,983