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Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2012

Significant Accounting Policies [Abstract]

Schedule Of Unrealized Gains Or Losses On The Trust's Palladium Holdings

	September 30, 2012			December 31, 2011
Investment in palladium - average cost	$	494,491,065		$	351,083,261
Unrealized gain on investment in palladium		14,157,292			23,047,309
Investment in palladium - market value	$	508,648,357		$	374,130,570

Schedule Of Redeemable Capital Shares

	Nine Months			Year
	Ended			Ended
	September 30, 2012			December 31, 2011
Number of redeemable Shares
Opening balance		5,950,000			11,250,000
Creations		2,850,000			2,100,000
Redemptions		(750,000)			(7,400,000)
Closing balance		8,050,000			5,950,000
Redeemable Shares
Opening balance	$	373,935,765		$	884,637,847
Creations		191,567,625			167,166,365
Redemptions		(45,934,276)			(520,261,660)
Adjustment to redemption value		(11,178,924)			(157,606,787)
Closing balance	$	508,390,190		$	373,935,765
Redemption value per Share at period end	$	63.15		$	62.85

Schedule Of Investment In Palladium

	Nine Months			Year
	Ended			Ended
	September 30, 2012			December 31, 2011
Ounces of palladium
Opening balance		588,255.6			1,089,108.1
Creations		281,253.0			238,310.9
Redemptions		(73,844.4)			(733,279.8)
Transfers of palladium		(3,377.0)			(5,883.6)
Closing balance		792,287.2			588,255.6
Investment in palladium (lower of cost or market)
Opening balance	$	351,083,261		$	597,199,695
Creations		191,567,619			190,757,226
Redemptions		(46,071,997)			(433,431,257)
Transfers of palladium		(2,087,818)			(3,442,403)
Closing balance	$	494,491,065		$	351,083,261

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Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

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