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Condensed Statements of Operations (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
REVENUES    
Value of Bullion transferred to pay expenses $ 304,062 $ 245,201
Cost of Bullion transferred to pay expenses (273,285) (233,362)
Gain on Bullion transferred to pay expenses 30,777 11,839
Gain on Bullion distributed for the redemption of Shares 1,171,634 438,080
Total gain on Bullion 1,202,411 449,919
EXPENSES    
Sponsor’s Fee 296,788 280,348
Total expenses 296,788 280,348
Net gain from operations $ 905,623 $ 169,571
Net gain per Share (in Dollars per share) $ 0.44 $ 0.08
Weighted average number of Shares (in Shares) 2,072,527 2,115,556