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Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2022

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, 2022				December 31, 2021
Level 1
Investment in gold		$	2,595,951			$	2,391,578

Changes in ounces of gold and their respective values for the three and six months ended June 30, 2022 and 2021 are set out below:

Changes in ounces of gold and their respective values for the three and six months ended June 30, 2022 and 2021 are set out below:

		Three Months Ended June 30, 2022				Three Months Ended June 30, 2021
(Amounts in 000’s of US$, except for ounces data)
Ounces of gold
Opening balance			1,432,189.0				1,339,505.8
Creations			37,403.1				22,092.7
Redemptions			(40,274.1	)			(22,096.2	)
Transfers of gold to pay expenses			(616.0	)			(575.0	)
Closing balance			1,428,702.0				1,338,927.3
Investment in gold
Opening balance		$	2,781,526			$	2,265,171
Creations			72,400				41,457
Redemptions			(74,138	)			(38,741	)
Realized gain on gold distributed for the redemption of Shares			10,754				6,102
Transfers of gold to pay expenses			(1,178	)			(1,018	)
Realized gain on gold transferred to pay expenses			210				141
Change in unrealized (loss) / gain on investment in gold			(193,623	)			87,618
Closing balance		$	2,595,951			$	2,360,730

		Six Months Ended June 30, 2022				Six Months Ended June 30, 2021
(Amounts in 000’s of US$, except for ounces data)
Ounces of gold
Opening balance			1,324,350.2				1,405,430.5
Creations			155,395.3				54,768.5
Redemptions			(49,866.6	)			(120,106.1	)
Transfers of gold to pay expenses			(1,176.9	)			(1,165.6	)
Closing balance			1,428,702.0				1,338,927.3
Investment in gold
Opening balance		$	2,391,578			$	2,652,891
Creations			295,784				102,424
Redemptions			(92,798	)			(209,045	)
Realized gain on gold distributed for the redemption of Shares			14,518				26,744
Transfers of gold to pay expenses			(2,202	)			(2,114	)
Realized gain on gold transferred to pay expenses			369				336
Change in unrealized (loss) on investment in gold			(11,298	)			(210,506	)
Closing balance		$	2,595,951			$	2,360,730

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- Definition

Tabular disclosure of movement in the investment in bullion in the Trust.

+ References

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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