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Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2020
Accounting Policies [Abstract]  
The categorization of the Trust’s assets is as shown below:

 

The categorization of the Trust’s assets is as shown below:

 

(Amounts in 000’s of US$)  June 30, 2020   December 31, 2019 
Level 2          
Investment in Bullion  $556,535   $491,706 
Changes in ounces of Bullion and their respective values for the three and six months ended June 30, 2020 and 2019 are set out below

 

Changes in ounces of Bullion and their respective values for the three and six months ended June 30, 2020 and 2019 are set out below:

                          

  Three Months Ended June 30, 2020     
(Amounts in 000’s of US$, except for ounces data)        
Ounces of Bullion  Gold   Silver   Platinum   Palladium   Total 
Opening balance   195,665.4    7,174,396.5    26,088.7    39,133.1    7,435,283.7 
Creations   2,832.2    103,848.8    377.6    566.4    107,625.0 
Redemptions   (7,084.2)   (259,753.0)   (944.6)   (1,416.8)   (269,198.6)
Transfers of Bullion to pay expenses   (292.3)   (10,718.4)   (38.9)   (58.5)   (11,108.1)
Closing balance   191,121.1    7,007,773.9    25,482.8    38,224.2    7,262,602.0 
                          
Investment in Bullion                         
Opening balance  $314,816   $99,939   $18,966   $90,280   $524,001 
Creations   4,844    1,700    302    1,079    7,925 
Redemptions   (11,861)   (3,896)   (712)   (3,085)   (19,554)
Realized gain / (loss) on Bullion distributed for the redemption of Shares   2,602    (577)   (247)   1,551    3,329 
Transfers of Bullion to pay expenses   (486)   (161)   (29)   (125)   (801)
Realized gain / (loss) on Bullion transferred to pay expenses   103    (23)   (9)   58    129 
Change in unrealized gain / (loss) on investment in Bullion   27,903    28,072    2,472    (16,941)   41,506 
Closing balance  $337,921   $125,054   $20,743   $72,817   $556,535 

 

 

 

                          
   Three Months Ended June 30, 2019     
(Amounts in 000’s of US$, except for ounces data)
Ounces of Bullion  Gold   Silver   Platinum   Palladium   Total 
Opening balance   156,908.1    5,753,293.5    20,920.9    31,381.3    5,962,503.8 
Creations   5,699.8    208,994.8    760.0    1,140.0    216,594.6 
Redemptions   (2,848.1)   (104,431.9)   (379.8)   (569.7)   (108,229.5)
Transfers of Bullion to pay expenses   (241.4)   (8,850.6)   (32.2)   (48.3)   (9,172.5)
Closing balance   159,518.4    5,849,005.8    21,268.9    31,903.3    6,061,696.4 
                          
Investment in Bullion                         
Opening balance  $203,258   $86,875   $17,783   $43,620   $351,536 
Creations   7,423    3,128    649    1,606    12,806 
Redemptions   (3,788)   (1,541)   (309)   (793)   (6,431)
Realized gain / (loss) on Bullion distributed for the redemption of Shares   271    (245)   (89)   338    275 
Transfers of Bullion to pay expenses   (312)   (133)   (27)   (67)   (539)
Realized gain / (loss) on Bullion transferred to pay expenses   14    (18)   (6)   28    18 
Change in unrealized gain / (loss) on investment in Bullion   17,896    956    (603)   3,889    22,138 
Closing balance  $224,762   $89,022   $17,398   $48,621   $379,803 

 

                          
   Six Months Ended June 30, 2020     
(Amounts in 000’s of US$, except for ounces data)
Ounces of Bullion  Gold   Silver   Platinum   Palladium   Total 
Opening balance   183,176.5    6,716,468.5    24,423.3    36,635.0    6,960,703.3 
Creations   24,105.1    883,853.8    3,214.0    4,821.3    915,994.2 
Redemptions   (15,590.6)   (571,654.6)   (2,078.7)   (3,118.1)   (592,442.0)
Transfers of Bullion to pay expenses   (569.9)   (20,893.8)   (75.8)   (114.0)   (21,653.5)
Closing balance   191,121.1    7,007,773.9    25,482.8    38,224.2    7,262,602.0 
                          

Investment in Bullion

                         
Opening balance  $277,466   $121,199   $23,251   $69,790   $491,706 
Creations   39,000    15,549    2,940    11,521    69,010 
Redemptions   (24,805)   (8,053)   (1,498)   (5,947)   (40,303)
Realized gain / (loss) on Bullion distributed for the redemption of Shares   4,473    (1,789)   (612)   2,608    4,680 
Transfers of Bullion to pay expenses   (920)   (333)   (62)   (259)   (1,574)
Realized gain / (loss) on Bullion transferred to pay expenses   181    (27)   (16)   141    279 
Change in unrealized gain / (loss) on investment in Bullion   42,526    (1,492)   (3,260)   (5,037)   32,737 
Closing balance  $337,921   $125,054   $20,743   $72,817   $556,535 

 

 

 

                          

   Six Months Ended June 30, 2019     
(Amounts in 000’s of US$, except for ounces data)
Ounces of Bullion  Gold   Silver   Platinum   Palladium   Total 
Opening balance   162,854.5    5,971,327.0    21,713.7    32,570.6    6,188,465.8 
Creations   8,554.2    313,655.1    1,140.6    1,710.8    325,060.7 
Redemptions   (11,407.4)   (418,271.4)   (1,521.0)   (2,281.5)   (433,481.3)
Transfers of Bullion to pay expenses   (482.9)   (17,704.9)   (64.4)   (96.6)   (18,348.8)
Closing balance   159,518.4    5,849,005.8    21,268.9    31,903.3    6,061,696.4 
                          
Investment in Bullion                         
Opening balance  $208,722   $92,347   $17,241   $41,137   $359,447 
Creations   11,137    4,767    958    2,397    19,259 
Redemptions   (14,940)   (6,383)   (1,234)   (3,313)   (25,870)
Realized gain / (loss) on Bullion distributed for the redemption of Shares   866    (791)   (362)   1,515    1,228 
Transfers of Bullion to pay expenses   (625)   (271)   (53)   (133)   (1,082)
Realized gain / (loss) on Bullion transferred to pay expenses   29    (32)   (14)   56    39 
Change in unrealized gain / (loss) on investment in Bullion   19,573    (615)   862    6,962    26,782 
Closing balance  $224,762   $89,022   $17,398   $48,621   $379,803