XML 25 R14.htm IDEA: XBRL DOCUMENT v3.21.2
Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2021
Accounting Policies [Abstract]  
The categorization of the Trust’s assets

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

 

(Amounts in 000’s of US$)  June 30, 2021   December 31, 2020 
         
Level 1          
Investment in gold  $2,360,730   $2,652,891 
Changes in ounces of gold and their respective values

Changes in ounces of gold and their respective values for the three and six months ended June 30, 2021 and 2020 are set out below:

 

   Three Months
Ended
June 30, 2021		   Three Months
Ended
June 30, 2020		 
(Amounts in 000’s of US$, except for ounces data)          
Ounces of gold          
Opening balance   1,339,505.8    905,748.6 
Creations   22,092.7    331,973.9 
Redemptions   (22,096.2)   — 
Transfers of gold to pay expenses   (575.0)   (432.6)
Closing balance   1,338,927.3    1,237,289.9 

 

 

   Three Months
Ended
June 30, 2021		   Three Months
Ended
June 30, 2020		 
Investment in gold          
Opening balance  $2,265,171   $1,457,304 
Creations   41,457    566,353 
Redemptions   (38,741)   — 
Realized gain on gold distributed for the redemption of Shares   6,102    — 
Transfers of gold to pay expenses   (1,018)   (722)
Realized gain on gold transferred to pay expenses   141    120 
Change in unrealized gain on investment in gold   87,618    164,597 
Closing balance  $2,360,730   $2,187,652 

 

   Six Months
Ended
June 30, 2021		   Six Months
Ended
June 30, 2020		 
(Amounts in 000’s of US$, except for ounces data)          
Ounces of gold          
Opening balance   1,405,430.5    787,688.3 
Creations   54,768.5    505,245.9 
Redemptions   (120,106.1)   (54,860.2)
Transfers of gold to pay expenses   (1,165.6)   (784.1)
Closing balance   1,338,927.3    1,237,289.9 
           
Investment in gold          
Opening balance  $2,652,891   $1,193,151 
Creations   102,424    844,383 
Redemptions   (209,045)   (82,715)
Realized gain on gold distributed for the redemption of Shares   26,744    9,417 
Transfers of gold to pay expenses   (2,114)   (1,269)
Realized gain on gold transferred to pay expenses   336    209 
Change in unrealized (loss) / gain on investment in gold   (210,506)   224,476 
Closing balance  $2,360,730   $2,187,652