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Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:      
Proceeds from sales of gold bullion inventory to pay expenses $ 16,698us-gaap_ProceedsFromSaleOfTrustAssetsToPayExpenses $ 22,834us-gaap_ProceedsFromSaleOfTrustAssetsToPayExpenses $ 24,815us-gaap_ProceedsFromSaleOfTrustAssetsToPayExpenses
Expenses – Sponsor’s fees paid (16,698)us-gaap_PaymentsForFees (22,834)us-gaap_PaymentsForFees (24,815)us-gaap_PaymentsForFees
Net income (loss) (42,417)us-gaap_NetIncomeLoss [1] (628,066)us-gaap_NetIncomeLoss 136,332us-gaap_NetIncomeLoss
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Proceeds from sales of investment in gold bullion sold to pay expenses 16,698us-gaap_ProceedsFromSaleOfTrustAssetsToPayExpenses 22,834us-gaap_ProceedsFromSaleOfTrustAssetsToPayExpenses 24,815us-gaap_ProceedsFromSaleOfTrustAssetsToPayExpenses
Net realized gain from investment in gold bullion sold to pay expenses (699)us-gaap_GainLossOnSaleOfTrustAssetsToPayExpenses [1] (1,573)us-gaap_GainLossOnSaleOfTrustAssetsToPayExpenses (6,263)us-gaap_GainLossOnSaleOfTrustAssetsToPayExpenses
Cost of gold bullion inventory sold to pay expenses   21,261us-gaap_CostOfTrustAssetsSoldToPayExpenses 18,552us-gaap_CostOfTrustAssetsSoldToPayExpenses
Net realized gain from gold bullion distributed for the redemption of Shares (13,670)iau_NetRealizedGainLossFromGoldDistributedForTheRedemptionOfShares [1] (142,694)iau_NetRealizedGainLossFromGoldDistributedForTheRedemptionOfShares (155,431)iau_NetRealizedGainLossFromGoldDistributedForTheRedemptionOfShares
Net change in unrealized appreciation/depreciation on investment in gold bullion 40,158us-gaap_UnrealizedGainLossOnInvestments [1]    
Adjustment to gold bullion inventory   750,591us-gaap_InventoryWriteDown [2]  
Change in operating assets and liabilities:      
Sponsor’s fees payable (70)us-gaap_IncreaseDecreaseInAccruedLiabilities (1,092)us-gaap_IncreaseDecreaseInAccruedLiabilities 547us-gaap_IncreaseDecreaseInAccruedLiabilities
Net cash provided by operating activities 0us-gaap_NetCashProvidedByUsedInOperatingActivities 0us-gaap_NetCashProvidedByUsedInOperatingActivities 0us-gaap_NetCashProvidedByUsedInOperatingActivities
Supplemental disclosure of non-cash information:      
Gold bullion contributed for subscription of Shares(a) 590,757us-gaap_FairValueOfAssetsAcquired [3] 928,370us-gaap_FairValueOfAssetsAcquired [3] 3,303,091us-gaap_FairValueOfAssetsAcquired [3]
Gold bullion distributed for redemption of Shares(a) (605,982)us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationGiven1 [3] (3,199,151)us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationGiven1 [3] (541,586)us-gaap_OtherSignificantNoncashTransactionValueOfConsiderationGiven1 [3]
Increase (decrease) in cash 0us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 0us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 0us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash, beginning of period 0us-gaap_CashAndCashEquivalentsAtCarryingValue 0us-gaap_CashAndCashEquivalentsAtCarryingValue 0us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash, end of period $ 0us-gaap_CashAndCashEquivalentsAtCarryingValue $ 0us-gaap_CashAndCashEquivalentsAtCarryingValue $ 0us-gaap_CashAndCashEquivalentsAtCarryingValue
[1] Effective January 1, 2014, the Trust qualifies as an investment company for accounting purposes. Please refer to Note 2B.
[2] 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 $750,591.
[3] Presented at fair value for the year ended December 31, 2014 and at cost for the years ended December 31, 2013 and 2012.