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Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2024
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,

2024

  

December 31,

2023

 
         
Level 1          
Investment in Bullion  $1,040,489   $959,323 
Changes in ounces of Bullion and their respective values for the years ended December 31, 2024 and 2023 are set out below:

Changes in ounces of Bullion and their respective values for the years ended December 31, 2024 and 2023 are set out below:

 

                               
    Year Ended December 31, 2024
(Amounts in 000’s of US$, except for ounces data)            
Ounces of Bullion   Gold     Palladium   Platinum     Silver     Total
Opening balance                     289,717.8                  57,943.6               38,629.0               10,622,986.0               11,009,276.4
Creations                         6,210.0                    1,242.0                    828.0                    227,700.8                    235,980.8
Redemptions                     (32,493.4)                  (6,498.7)               (4,332.4)               (1,191,423.7)                (1,234,748.2)
Transfers of Bullion to pay expenses                       (1,634.1)                     (327.1)                  (218.0)                    (59,959.8)                     (62,139.0)
Closing balance                     261,800.3                  52,359.8               34,906.6                 9,599,303.3                 9,948,370.0
                               
Investment in Bullion                              
Opening balance   $                    602,149   $                 65,824   $              38,629   $                   252,721   $                   959,323
Creations                          15,568                       1,218                       789                           6,718                         24,293
Redemptions                        (72,381)                     (6,104)                  (4,036)                       (30,933)                      (113,454)
Realized gain / (loss) on Bullion distributed for the redemption of Shares                          19,329                     (5,423)                     (431)                           5,008                         18,483
Transfers of Bullion to pay expenses                          (3,824)                        (326)                     (209)                         (1,657)                          (6,016)
Realized gain / (loss) on Bullion transferred to pay expenses                            1,156                        (255)                       (16)                              351                           1,236
Change in unrealized gain / (loss) on investment in Bullion                        121,524                     (7,339)                  (2,821)                         45,260                       156,624
Closing balance    $                     683,521    $                  47,595    $               31,905    $                    277,468    $                 1,040,489

 

 

                               
    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