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Statements of Operations (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
REVENUES        
Value of Bullion transferred to pay expenses $ 280,000 $ 267,000 $ 899,000 $ 863,000
Cost of Bullion transferred to pay expenses (329,000) (254,000) (931,000) (790,000)
(Loss) / gain on Bullion transferred to pay expenses (49,000) 13,000 (32,000) 73,000
Gain / (loss) on Bullion distributed for the redemption of Shares 0 140,000 (471,000) 1,530,000
Unrealized gain / (loss) on Bullion 18,807,000 3,380,000 (32,102,000) 0
Total gain / (loss) on Bullion 18,758,000 3,533,000 (32,605,000) 1,603,000
EXPENSES        
Sponsor’s Fee 294,884 281,679 892,074 857,339
Total expenses 295,000 282,000 892,000 857,000
Net gain / (loss) from operations $ 18,463,000 $ 3,251,000 $ (33,497,000) $ 746,000
Net gain / (loss) per Share (in Dollars per share) $ 7.03 $ 1.61 $ (13.43) $ 0.36
Weighted average number of Shares (in Shares) 2,626,630 2,019,022 2,494,139 2,055,839