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Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2023
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,

2023 

 

December 31,

2022 

       
Level 1          
Investment in Bullion  $959,323   $1,003,576 
Changes in ounces of Bullion and their respective values for the years ended December 31, 2023 and 2022 are set out below:

Changes in ounces of Bullion and their respective values for the years ended December 31, 2023 and 2022 are set out below:

 

                           
  Year Ended December 31, 2023
(Amounts in 000's of US$, except for ounces data)            
Ounces of Bullion   Gold     Palladium   Platinum     Silver     Total
Opening balance                     315,173.6             63,034.7               42,023.2               11,556,366.8               11,976,598.3
Creations                       23,630.6               4,726.2                 3,150.8                    866,456.9                    897,964.5
Redemptions                     (47,222.9)              (9,444.6)               (6,296.4)               (1,731,506.2)                (1,794,470.1)
Transfers of Bullion to pay expenses                       (1,863.5)                 (372.7)                  (248.6)                    (68,331.5)                     (70,816.3)
Closing balance                     289,717.8             57,943.6               38,629.0               10,622,986.0               11,009,276.4
                               
Investment in Bullion                              
Opening balance   $                    571,646   $          111,887   $              43,326   $                   276,717    $                 1,003,576
Creations                          46,072                  6,594                    3,136                         20,427                         76,229
Redemptions                        (90,937)               (11,642)                  (5,832)                       (39,584)                      (147,995)
Realized gain / (loss) on Bullion distributed for the redemption of Shares                          14,422                 (5,282)                     (675)                           2,023                         10,488
Transfers of Bullion to pay expenses                          (3,582)                    (510)                     (244)                         (1,605)                          (5,941)
Realized gain / (loss) on Bullion transferred to pay expenses                               571                    (161)                       (15)                              125                              520
Change in unrealized gain / (loss) on investment in Bullion                          63,957               (35,062)                  (1,067)                         (5,382)                         22,446
Closing balance    $                     602,149    $             65,824    $               38,629    $                    252,721    $                    959,323
                               
                               
                           
    Year Ended December 31, 2022
(Amounts in 000's of US$, except for ounces data)            
Ounces of Bullion   Gold     Palladium   Platinum     Silver     Total
Opening balance                     305,852.8             61,170.6               40,780.4               11,214,604.8               11,622,408.6
Creations                       51,810.8             10,362.1                 6,908.1                 1,899,730.6                 1,968,811.6
Redemptions                     (40,517.6)              (8,103.5)               (5,402.3)               (1,485,646.1)                (1,539,669.5)
Transfers of Bullion to pay expenses                       (1,972.4)                 (394.5)                  (263.0)                    (72,322.5)                     (74,952.4)
Closing balance                     315,173.6             63,034.7               42,023.2               11,556,366.8               11,976,598.3
                               
Investment in Bullion                              
Opening balance   $                    552,324   $          120,690   $              39,108   $                   258,889    $                    971,011
Creations                          99,952                25,389                    7,109                         46,662                       179,112
Redemptions                        (69,633)               (16,261)                  (4,907)                       (29,011)                      (119,812)
Realized gain / (loss) on Bullion distributed for the redemption of Shares                            4,755                  1,635                     (682)                         (3,029)                           2,679
Transfers of Bullion to pay expenses                          (3,568)                    (838)                     (249)                         (1,553)                          (6,208)
Realized gain / (loss) on Bullion transferred to pay expenses                               434                     135                       (24)                                  2                              547
Change in unrealized (loss) / gain on investment in Bullion                        (12,618)               (18,863)                    2,971                           4,757                        (23,753)
Closing balance    $                     571,646    $           111,887    $               43,326    $                    276,717    $                 1,003,576