XML 23 R5.htm IDEA: XBRL DOCUMENT v3.3.1.900
Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
EXPENSES      
Sponsor’s Fee $ 937,624 $ 1,089,397 $ 1,201,105
Total expenses 937,000 [1] 1,089,000 [1] 1,201,000 [2]
Net investment loss (937,000) [1] (1,089,000) [1] (1,201,000) [2]
REALIZED AND UNREALIZED GAINS / (LOSSES)      
Realized (loss) / gain on Bullion transferred to pay expenses (55,000) [1] 36,000 [1] (79,000) [2]
Realized (loss) / gain on Bullion distributed for the redemption of Shares 391,000 [1] 2,796,000 [1] (4,010,000) [2]
Change in unrealized loss on investment in Bullion (18,186,000) [1] (8,799,000) [1] 0 [2]
Realized loss on investment in Bullion 0 [1] 0 [1] (48,858,000) [2]
Total loss on Bullion (17,850,000) [1] (5,967,000) [1] (52,947,000) [2]
Change in net assets from operations [1] $ (18,787,000) $ (7,056,000) $ (54,148,000) [2],[3]
Net decrease in net assets per Share (in Dollars per share) $ (7.10) [1] $ (2.64) [1] $ (20.77) [2]
Weighted average number of Shares (in Shares) 2,645,205 [1] 2,669,726 [1] 2,607,260 [2]
[1] Effective January 1, 2014, the Trust has adopted the provisions of Topic 946. Refer to Note 2.1 for additional information.
[2] Represents audited amounts prior to the adoption of provisions for an investment company for accounting purposes. Refer to Note 2.1 for additional information.
[3] In accordance with Topic 946, the Trust meets the exemption criteria to exclude a statement of cash flows. Thus one has not been presented for the years ended December 31, 2015 and 2014. Refer to Note 2.1 for additional information.