XML 32 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 2 - Summary of Significant Accounting Policies (Details) - Activity in Gold Bullion (USD $)
3 Months Ended 12 Months Ended
Mar. 31, 2014
oz
g
Mar. 31, 2013
oz
Dec. 31, 2013
oz
Activity in Gold Bullion [Abstract]      
Beginning balance (in Ounces) 5,220,500 6,999,900 6,999,900
Beginning balance $ 6,272,422,000    
Beginning balance 6,272,422,000    
Gold contributed (in Ounces) 155,200   614,600
Gold contributed, average cost 202,435,000   928,370,000
Gold contributed, fair value 202,435,000   928,370,000
Gold bullion distributed (in Ounces) (61,100)   (2,378,200)
Gold bullion distributed (73,501,000)   (3,199,151,000)
Gold bullion distributed (77,329,000)   (3,341,845,000)
Gold bullion distributed 3,828,000 150,642,000 142,694,000
Gold bullion sold (in Ounces) (3,200)   (15,800)
Gold bullion sold (3,833,000)   (21,261,000)
Gold bullion sold (4,067,000)   (22,834,000)
Gold bullion sold 234,000 1,370,000 1,573,000
Adjustment to gold bullion inventory(a)     (750,590,665) [1]
Adjustment for realized gain on gold bullion   152,012,000 144,267,000
Adjustment for unrealized loss on gold bullion     (3,083,319,000)
Ending balance (in Ounces) 5,311,400 [2]   5,220,500
Ending balance     6,272,422,000
Ending balance     6,272,422,000
Ending balance   152,012,000 144,267,000
Gold bullion distributed 3,828,000    
Net realized gain on gold bullion 4,062,000    
Net change in unrealized appreciation/depreciation on investment in gold bullion 463,444,000    
Ending balance 6,397,523,000 [2]   6,272,422,000
Ending balance 6,860,967,000 [2],[3]   6,272,422,000
Ending balance 4,062,000    
Beginning balance 6,272,422,000 9,315,055,000 9,315,055,000
Beginning balance $ 6,272,422,000 $ 11,647,783,000 $ 11,647,783,000
[1] At December 31, 2013, the market value of the gold bullion was below the average cost of the Trust's gold bullion inventory held. As a result, the Trust recorded a permanent write down against the average cost of the gold bullion inventory of $750,590,665.
[2] Effective January 1, 2014, the Trust qualifies as an investment company for accounting purposes. Disclosure of a schedule of investments is required for investment companies. Please refer to Note 2B.
[3] Presented at fair value at March 31, 2014 (cost: $6,397,523).