XML 34 R14.htm IDEA: XBRL DOCUMENT v3.22.2.2
Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2021
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, 2021

 

 

December 31, 2020

 

Level 1

 

 

 

 

 

 

 

 

Investment in Bullion

 

$

971,011

 

 

$

827,598

 
Changes in ounces of Bullion and their respective values for the years ended December 31, 2021 and 2020 are set out below:

Changes in ounces of Bullion and their respective values for the years ended December 31, 2021 and 2020 are set out below:

 

                                     

 

  

 

 

Year Ended December 31, 2021

 

 

  

 

(Amounts in 000’s of US$, except for ounces data)

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

Ounces of Bullion

 

Gold

 

 

Palladium

 

 

Platinum

 

 

Silver

 

 

Total

 

Opening balance

 

 

238,534.2

 

 

 

47,706.9

 

 

 

31,804.5

 

 

 

8,746,254.5

 

 

 

9,064,300.1

 

Creations

 

 

95,761.6

 

 

 

19,152.3

 

 

 

12,768.2

 

 

 

3,511,259.9

 

 

 

3,638,942.0

 

Redemptions

 

 

(26,731.4

 )

 

 

(5,346.3

 )

 

 

(3,564.2

 )

 

 

(980,149.5

 )

 

 

(1,015,791.4

 )

Transfers of Bullion to pay expenses

 

 

(1,711.6

 )

 

 

(342.3

 )

 

 

(228.1

 )

 

 

(62,760.1

 )

 

 

(65,042.1

 )

Closing balance

 

 

305,852.8

 

 

 

61,170.6

 

 

 

40,780.4

 

 

 

11,214,604.8

 

 

 

11,622,408.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment in Bullion

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Opening balance

 

$

450,257

 

 

$

111,729

 

 

$

33,967

 

 

$

231,645

 

 

$

827,598

 

Creations

 

 

173,811

 

 

 

49,868

 

 

 

14,450

 

 

 

92,065

 

 

 

330,194

 

Redemptions

 

 

(48,106

 )

 

 

(11,996

 )

 

 

(3,654

 )

 

 

(23,715

 )

 

 

(87,471

 )

Realized gain on Bullion distributed for the redemption of Shares

 

 

7,549

 

 

 

3,536

 

 

 

11

 

 

 

3,683

 

 

 

14,779

 

Transfers of Bullion to pay expenses

 

 

(3,091

 )

 

 

(826

 )

 

 

(248

 )

 

 

(1,591

 )

 

 

(5,756

 )

Realized gain on Bullion transferred to pay expenses

 

 

490

 

 

 

282

 

 

 

14

 

 

 

303

 

 

 

1,089

 

Change in unrealized loss on investment in Bullion

 

 

(28,586

 )

 

 

(31,903

 )

 

 

(5,432

 )

 

 

(43,501

 )

 

 

(109,422

 )

Closing balance

 

$

552,324

 

 

$

120,690

 

 

$

39,108

 

 

$

258,889

 

 

$

971,011

 

 

                                     
 

 

  

 

 

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 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