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Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 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$)  December 31, 2020   December 31, 2019 
         
Level 1          
Investment in Bullion  $827,598   $491,706 
Changes in ounces of Bullion and their respective values for the years ended December 31, 2020 and 2019 are set out below:

Changes in ounces of Bullion and their respective values for the years ended December 31, 2020 and 2019 are set out below:

  

                             

 Year Ended December 31, 2020     
(Amounts in 000’s of US$, except for ounces data)           
Ounces of Bullion  Gold   Palladium   Platinum   Silver   Total 
Opening balance   183,176.5    36,635.0    24,423.3    6,716,468.5    6,960,703.3 
Creations   72,154.9    14,431.1    9,620.7    2,645,677.0    2,741,883.7 
Redemptions   (15,590.6)   (3,117.9)   (2,078.6)   (571,654.6)   (592,441.7)
Transfers of Bullion to pay expenses   (1,206.6)   (241.3)   (160.9)   (44,236.4)   (45,845.2)
Closing balance   238,534.2    47,706.9    31,804.5    8,746,254.5    9,064,300.1 
                          
Investment in Bullion                         
Opening balance  $277,466   $69,790   $23,251   $121,199   $491,706 
Creations   131,695    32,872    8,907    61,021    234,495 
Redemptions   (24,805)   (5,947)   (1,498)   (8,053)   (40,303)
Realized gain / (loss) on Bullion distributed for the redemption of Shares   4,472    2,609    (612)   (1,789)   4,680 
Transfers of Bullion to pay expenses   (2,112)   (537)   (136)   (870)   (3,655)
Realized gain / (loss) on Bullion transferred to pay expenses   492    263    (27)   87    815 
Change in unrealized gain / (loss) on investment in Bullion   63,049    12,679    4,082    60,050    139,860 
Closing balance  $450,257   $111,729   $33,967   $231,645   $827,598 

 

                             

  

  Year Ended December 31, 2019     
(Amounts in 000’s of US$, except for ounces data)
Ounces of Bullion  Gold   Palladium   Platinum   Silver   Total 
Opening balance   162,854.5    32,570.6    21,713.7    5,971,327.0    6,188,465.8 
Creations   34,136.6    6,827.3    4,551.5    1,251,676.2    1,297,191.6 
Redemptions   (12,829.1)   (2,565.8)   (1,710.5)   (470,400.0)   (487,505.4)
Transfers of Bullion to pay expenses   (985.5)   (197.1)   (131.4)   (36,134.7)   (37,448.7)
Closing balance   183,176.5    36,635.0    24,423.3    6,716,468.5    6,960,703.3 
                          
Investment in Bullion                         
Opening balance  $208,722   $41,137   $17,241   $92,347   $359,447 
Creations   49,398    10,835    4,062    21,274    85,569 
Redemptions   (17,079)   (3,765)   (1,412)   (7,313)   (29,569)
Realized gain / (loss) on Bullion distributed for the redemption of Shares   1,217    1,723    (379)   (754)   1,807 
Transfers of Bullion to pay expenses   (1,354)   (295)   (112)   (578)   (2,339)
Realized gain / (loss) on Bullion transferred to pay expenses   130    132    (25)   (41)   196 
Change in unrealized gain / (loss) on investment in Bullion   36,432    20,023    3,876    16,264    76,595 
Closing balance  $277,466   $69,790   $23,251   $121,199   $491,706