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Income Statements - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenue      
Proceeds from sales of gold bullion inventory to pay expenses     $ 22,834
Cost of gold bullion inventory sold to pay expenses     (21,261)
Gain on sales of gold bullion inventory to pay expenses     1,573
Gain on gold bullion distributed for the redemption of Shares     142,694
Total gain on sales and distributions of gold bullion     144,267
Adjustment to gold bullion inventory [1]     (750,591)
Total loss on gold bullion     (606,324)
Expenses      
Sponsor’s fees $ 15,246 [2] $ 16,628 [2] 21,742
Total expenses 15,246 [2] 16,628 [2] 21,742
Net investment loss(b) [2],[3] (15,246) (16,628)  
Net Realized and Unrealized Gain (Loss)      
Net realized gain (loss) from gold bullion sold to pay expenses [2] (611) 699  
Net realized gain (loss) from gold bullion distributed for the redemption of Shares (87,181) [2] 13,670 [2] 142,694
Net realized loss [2] (87,792) 14,369  
Net change in unrealized appreciation/depreciation on investment in gold bullion [2] (659,078) (40,158)  
Net realized and unrealized loss [2] (746,870) (25,789)  
NET LOSS $ (762,116) [2] $ (42,417) [2] $ (628,066) [4]
Net loss per Share (in Dollars per share) $ (1.40) [2] $ (0.08) [2] $ (1.00)
Weighted-average Shares outstanding (in Shares) 543,391,507 [2] 542,329,726 [2] 627,129,863
[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 $750,591.
[2] Effective January 1, 2014, the Trust qualified as an investment company solely for accounting purposes and not for any other purpose. Please refer to Note 2B.
[3] Net investment income (loss) is applicable to investment companies. Please refer to Note 2B.
[4] The components of net loss for the years ended December 31, 2015 and 2014 are reflected in the other captions disclosed within this statement.