XML 31 R17.htm IDEA: XBRL DOCUMENT v3.20.4
Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 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$)  December 31, 2020   December 31, 2019 
Level 1          
Investment in gold  $2,652,891   $1,193,151 
Changes in ounces of gold and their respective values for the years ended December 31, 2020 and 2019 are set out below:

Changes in ounces of gold and their respective values for the years ended December 31, 2020 and 2019 are set out below:

 

   Year Ended
December 31, 2020		   Year Ended
December 31, 2019		 
(Amounts in 000’s of US$, except for ounces data)          
Ounces of gold          
Opening balance   787,688.3    641,449.1 
Creations   739,919.1    222,589.1 
Redemptions   (120,236.3)   (75,167.4)
Transfers of gold to pay expenses   (1,940.6)   (1,182.5)
Closing balance   1,405,430.5    787,688.3 
           
Investment in gold          
Opening balance  $1,193,151   $822,113 
Creations   1,298,953    319,522 
Redemptions   (203,169)   (102,215)
Realized gain on gold distributed for the redemption of Shares   30,873    8,541 
Transfers of gold to pay expenses   (3,433)   (1,628)
Realized gain on gold transferred to pay expenses   643    154 
Change in unrealized gain on investment in gold   335,873    146,664 
Closing balance  $2,652,891   $1,193,151