XML 37 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statements of Operations (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
EXPENSES        
Sponsor’s Fee $ 277,000 $ 282,344 $ 588,080 $ 597,190
Total expenses 277,000 [1] 282,000 [2] 588,000 [1] 597,000 [2]
Net investment loss (277,000) [1] (282,000) [2] (588,000) [1] (597,000) [2]
REALIZED AND UNREALIZED GAINS / (LOSSES)        
Realized gain / (loss) on Bullion transferred to pay expenses 16,000 [1] (9,000) [2] 26,000 [1] 18,000 [2]
Realized gain / (loss) on Bullion distributed for the redemption of Shares 319,000 [1] (471,000) [2] 3,764,000 [1] (471,000) [2]
Change in unrealized gain / (loss) on investment in Bullion 5,575,000 [1] (50,292,000) [2] 14,301,000 [1] (50,909,000) [2]
Total gain / (loss) on Bullion 5,910,000 [1] (50,772,000) [2] 18,091,000 [1] (51,362,000) [2]
Change in net assets from operations $ 5,633,000 [1] $ (51,054,000) [2],[3] $ 17,503,000 [1] $ (51,959,000) [2],[3]
Net increase / (decrease) in net assets per Share (in Dollars per share) $ 2.17 [1] $ (20.16) [2] $ 6.23 [1] $ (21.41) [2]
Weighted average number of Shares (in Shares) 2,599,451 [1] 2,532,967 [2] 2,808,564 [1] 2,426,796 [2]
[1] Effective January 1, 2014, the Trust has adopted the provisions of Topic 946, Investment Companies, and follows specialized accounting. Refer to Note 2.1 for additional information.
[2] Amounts are those previously reported under non investment company accounting. Refer to Note 2.1 for additional information.
[3] In accordance with Topic 946, Investment Companies, the Trust meets the exemption criteria to exclude a statement of cash flows. Thus one has not been presented for the three and six months ended June 30, 2014. Refer to Note 2.1 for additional information.