Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2011

Summary of Significant Accounting Policies

Activity in Gold Bullion, USD$ and Ounces in Thousands

	Ounces			Average Cost			Fair Value			Realized Gain  (Loss)
Beginning balance		4,027.4		$	4,027,277		$	5,795,434		$	—
Gold contributed		683.1			1,026,247			1,026,247			—
Gold distributed		(69.3	)		(72,381	)		(103,759	)		31,378
Gold sold		(2.6	)		(2,667	)		(3,876	)		1,209
Adjustment for realized gain		—			—			32,587			—
Adjustment for unrealized gain on gold bullion		—			—			236,803			—
Ending balance		4,638.6		$	4,978,476		$	6,983,436		$	32,587

	Ounces			Average Cost			Fair Value			Realized Gain  (Loss)
Beginning balance		3,783.0		$	3,568,036		$	5,317,017		$	—
Gold contributed		1,185.8			1,730,169			1,730,169			—
Gold distributed		(325.3	)		(314,904	)		(444,578	)		129,674
Gold sold		(4.9	)		(4,825	)		(6,990	)		2,165
Adjustment for realized gain		—			—			131,839			—
Adjustment for unrealized gain on gold bullion		—			—			255,979			—
Ending balance		4,638.6		$	4,978,476		$	6,983,436		$	131,839

Activity in Redeemable Capital Shares, USD$ and Shares in Thousands

	Three Months Ended June 30, 2011						Six Months Ended June 30, 2011
	Shares			Amount			Shares			Amount
Beginning balance		412,200		$	5,794,247			386,950		$	5,315,950
Shares issued		69,950			1,026,247			121,400			1,730,169
Shares redeemed		(7,100	)		(103,759	)		(33,300	)		(444,578	)
Redemption value adjustment		—			265,274			—			380,468
Ending balance		475,050		$	6,982,009			475,050		$	6,982,009