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Note 6 - Concentration Risk
12 Months Ended
Dec. 31, 2013
Risks and Uncertainties [Abstract]  
Concentration Risk Disclosure [Text Block]

6 - Concentration Risk


Substantially all of the Trust’s assets are holdings of gold bullion, which creates a concentration risk associated with fluctuations in the price of gold. Accordingly, a decline in the price of gold will have an adverse effect on the value of the Shares of the Trust. Factors that may have the effect of causing a decline in the price of gold include large sales by the official sector (governments, central banks, and related institutions), an increase in the hedging activities of gold producers, and changes in the attitude towards gold of speculators, investors and other market participants.