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Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2012
Valuation Of Bullion [Table Text Block] The table below summarizes the unrealized gains or losses on the Trust’s Bullion holdings as of June 30, 2012 and December 31, 2011:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2012

 

 

 

Gold

 

Silver

 

Platinum

 

Palladium

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment in Bullion - average cost

 

$

88,571,183

 

$

63,134,696

 

$

11,265,082

 

$

7,763,035

 

$

170,733,996

 

Unrealized gain / (loss) on investment in Bullion

 

 

8,788,759

 

 

(2,658,043

)

 

331,622

 

 

(722,178

)

 

5,740,160

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment in Bullion - market value

 

$

97,359,942

 

$

60,476,653

 

$

11,596,704

 

$

7,040,857

 

$

176,474,156

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2011

 

Investment in Bullion-average cost

 

$

95,031,713

 

$

76,742,076

 

$

15,338,914

 

$

9,528,862

 

$

196,641,565

 

Realized loss on investment in Bullion

 

 

—

 

 

(8,996,839

)

 

(3,266,375

)

 

(1,189,102

)

 

(13,452,316

)

 

 

 

 

 

 

 

Investment in Bullion - lower of cost or market value

 

$

95,031,713

 

$

67,745,237

 

$

12,072,539

 

$

8,339,760

 

$

183,189,249

 

 

 

 

 

 

 

 

 

Unrealized gain on investment in Bullion

 

 

8,199,023

 

 

—

 

 

—

 

 

—

 

 

8,199,023

 

 

 

 

 

 

 

 

Investment in Bullion - market value

 

$

103,230,736

 

$

67,745,237

 

$

12,072,539

 

$

8,339,760

 

$

191,388,272

 

 

 

 

 

 

 

 

Bullion Receivable And Payable [Table Text Block] Bullion receivable or payable at June 30, 2012 and December 31, 2011 is set out below:

 

 

 

 

 

 

 

 

 

 

June 30, 2012

 

December 31, 2011

 

 

 

 

 

 

 

 

 

Bullion receivable

 

$

—

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Bullion payable

 

$

4,302,195

 

$

8,694,716

 

 

 

 

 

Schedule of Stock by Class [Table Text Block] Changes in the Shares for the six months ended June 30, 2012 and for the year ended December 31, 2011 are set out below:

 

 

 

 

 

 

 

 

 

 

Six Months
Ended
June 30, 2012

 

Year
Ended
December 31, 2011

 

Number of redeemable Shares

 

 

 

 

 

 

 

Opening balance

 

 

2,100,000

 

 

1,900,000

 

Creations

 

 

50,000

 

 

1,450,000

 

Redemptions

 

 

(150,000

)

 

(1,250,000

)

 

 

 

 

Closing balance

 

 

2,000,000

 

 

2,100,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Redeemable Shares

 

 

 

 

 

 

 

Opening balance

 

$

182,586,013

 

$

166,379,066

 

Creations

 

 

4,726,778

 

 

143,112,185

 

Redemptions

 

 

(13,643,436

)

 

(120,762,519

)

Adjustments to redemption value

 

 

(1,584,354

)

 

(6,142,719

)

 

 

 

 

 

 

 

 

 

 

 

 

Closing balance

 

$

172,085,001

 

$

182,586,013

 

 

 

 

 

 

 

 

 

 

 

 

 

Redemption value per Share at period end

 

$

86.04

 

$

86.95

 

Investments In Bullion [Table Text Block] Changes in ounces of Bullion and the respective values for the six months ended June 30, 2012 and for the year ended December 31, 2011 are set out below:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2012

 

 

 

Gold

 

Silver

 

Platinum

 

Palladium

 

Total

 

Ounces of Bullion:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Opening balance

 

 

65,564.1

 

 

2,404,018.4

 

 

8,741.9

 

 

13,112.8

 

 

2,491,437.2

 

Creations

 

 

1,487.3

 

 

54,533.4

 

 

198.3

 

 

297.5

 

 

56,516.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Redemptions (excluding bullion payable at June 30, 2012 -1,484.8, 54,443.8, 197.9 and 297.0, respectively)

 

 

(5,952.8

)

 

(218,270.8

)

 

(793.7

)

 

(1,190.6

)

 

(226,207.9

)

Transfers of Bullion

 

 

(191.5

)

 

(7,021.9

)

 

(25.5

)

 

(38.3

)

 

(7,277.2

)

 

 

 

 

 

 

 

Closing balance

 

 

60,907.1

 

 

2,233,259.1

 

 

8,121.0

 

 

12,181.4

 

 

2,314,468.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment in Bullion (lower of cost or market):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Opening balance

 

$

95,031,713

 

$

67,745,237

 

$

12,072,539

 

$

8,339,760

 

$

183,189,249

 

Creations

 

 

2,452,885

 

 

1,743,432

 

 

325,217

 

 

205,244

 

 

4,726,778

 

Redemptions (excluding bullion payable at June 30, 2012 - $2,159,242, $1,539,137, $274,627, and $189,252, respectively)*

 

 

(8,635,389

)

 

(6,155,785

)

 

(1,097,337

)

 

(757,583

)

 

(16,646,094

)

Transfers of Bullion

 

 

(278,026

)

 

(198,188

)

 

(35,337

)

 

(24,386

)

 

(535,937

)

Unrealized loss on investment in Bullion

 

 

—

 

 

(2,658,043

)

 

—

 

 

(722,178

)

 

(3,380,221

)

 

 

 

 

 

 

 

Closing balance

 

$

88,571,183

 

$

60,476,653

 

$

11,265,082

 

$

7,040,857

 

$

167,353,775

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2011

 

 

 

Gold

 

Silver

 

Platinum

 

Palladium

 

Total

 

Ounces of Bullion:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Opening balance

 

 

55,461.9

 

 

2,033,601.3

 

 

7,395.0

 

 

11,092.3

 

 

2,107,550.5

 

Creations

 

 

44,859.8

 

 

1,644,859.4

 

 

5,981.2

 

 

8,972.0

 

 

1,704,672.4

 

 

Redemptions (excluding bullion payable at December 31, 2011 - 2,978.6, 109,213.9, 397.1 and 595.7, respectively)

 

 

(34,336.6

)

 

(1,259,007.4

)

 

(4,578.2

)

 

(6,867.3

)

 

(1,304,789.5

)

Transfers of Bullion

 

 

(421.0

)

 

(15,434.9

)

 

(56.1

)

 

(84.2

)

 

(15,996.2

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Closing balance

 

 

65,564.1

 

 

2,404,018.4

 

 

8,741.9

 

 

13,112.8

 

 

2,491,437.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment in Bullion (lower of cost or market):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Opening balance

 

$

76,213,472

 

$

54,148,351

 

$

12,716,653

 

$

7,566,140

 

$

150,644,616

 

Creations

 

 

68,061,096

 

 

61,734,789

 

 

10,720,634

 

 

6,974,063

 

 

147,490,582

 

Redemptions (excluding bullion payable at December 31, 2011 - $4,317,263, $3,077,647, $548,453, and $378,873, respectively)*

 

 

(48,650,097

)

 

(38,678,514

)

 

(8,000,519

)

 

(4,951,043

)

 

(100,280,173

)

Transfers of Bullion

 

 

(592,758

)

 

(462,550

)

 

(97,854

)

 

(60,298

)

 

(1,213,460

)

Realized loss on investment in Bullion

 

 

—

 

 

(8,996,839

)

 

(3,266,375

)

 

(1,189,102

)

 

(13,452,316

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Closing balance

 

$

95,031,713

 

$

67,745,237

 

$

12,072,539

 

$

8,339,760

 

$

183,189,249