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Condensed Statements of Operations (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2011
REVENUES    
Value of Bullion transferred to pay expenses $ 357,721 $ 602,923
Cost of Bullion transferred to pay expenses (309,859) (543,222)
Gain on Bullion transferred to pay expenses 47,862 59,701
Gain on Bullion distributed for the redemption of Shares 5,250,833 5,688,912
Unrealized loss on Bullion (247,742) (247,742)
Total gain on Bullion 5,050,953 5,500,871
EXPENSES    
Sponsor’s Fee (Note 2.7) 359,137 639,485
Total expenses 359,137 639,485
Net gain from operations $ 4,691,816 $ 4,861,386
Net gain per Share (in Dollars per share) $ 1.91 $ 2.13
Weighted average number of Shares (in Shares) 2,456,044 2,286,740