Note 2 - Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2016

Notes Tables

Activity in Gold Bullion [Table Text Block]

Three Months Ended September 30, 2016	Ounces			Average Cost			Fair Value			Realized Gain (Loss)
Beginning balance		6,693.0		$	8,091,223		$	8,839,732		$	—
Gold bullion contributed		673.8			902,311			902,311			—
Gold bullion distributed		(74.7	)		(91,045	)		(97,703	)		6,658
Gold bullion sold to pay expenses		(4.3	)		(5,163	)		(5,658	)		495
Net realized gain		—			—			7,153			—
Net change in unrealized appreciation/depreciation		—			—			(7,739	)		—
Ending balance		7,287.8		$	8,897,326		$	9,638,096		$	7,153

Three Months Ended September 30, 2015	Ounces			Average Cost			Fair Value			Realized Gain (Loss)
Beginning balance		5,394.6		$	6,521,548		$	6,317,125		$	—
Gold bullion contributed		88.9			101,982			101,982			—
Gold bullion distributed		(315.0	)		(380,733	)		(347,653	)		(33,080	)
Gold bullion sold to pay expenses		(3.4	)		(4,085	)		(3,829	)		(256	)
Net realized loss		—			—			(33,336	)		—
Net change in unrealized appreciation/depreciation		—			—			(280,316	)		—
Ending balance		5,165.1		$	6,238,712		$	5,753,973		$	(33,336	)

Nine Months Ended September 30, 2016	Ounces			Average Cost			Fair Value			Realized Gain (Loss)
Beginning balance		4,905.6		$	5,910,176		$	5,210,940		$	—
Gold bullion contributed		2,854.6			3,555,014			3,555,014			—
Gold bullion distributed		(461.0	)		(554,150	)		(570,305	)		16,155
Gold bullion sold to pay expenses		(11.4	)		(13,714	)		(14,198	)		484
Net realized gain		—			—			16,639			—
Net change in unrealized appreciation/depreciation		—			—			1,440,006			—
Ending balance		7,287.8		$	8,897,326		$	9,638,096		$	16,639

Nine Months Ended September 30, 2015	Ounces			Average Cost			Fair Value			Realized Gain (Loss)
Beginning balance		5,182.2		$	6,254,868		$	6,214,710		$	—
Gold bullion contributed		516.5			628,701			628,701			—
Gold bullion distributed		(523.5	)		(632,764	)		(599,348	)		(33,416	)
Gold bullion sold to pay expenses		(10.1	)		(12,093	)		(11,810	)		(283	)
Net realized loss		—			—			(33,699	)		—
Net change in unrealized appreciation/depreciation		—			—			(444,581	)		—
Ending balance		5,165.1		$	6,238,712		$	5,753,973		$	(33,699	)