Note 2 - Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2020

Notes Tables

Activity in Gold Bullion [Table Text Block]

Three Months Ended June 30, 2020	Ounces			Cost			Fair Value			Realized Gain (Loss)
Beginning balance		12,571,766		$	16,858,848,412		$	20,227,343,435		$	—
Gold bullion contributed		2,271,113			3,865,881,490			3,865,881,490			—
Gold bullion distributed		(176,145	)		(243,162,746	)		(299,101,991	)		55,939,245
Gold bullion sold to pay expenses		(8,216	)		(11,212,810	)		(13,693,813	)		2,481,003
Net realized gain		—			—			58,420,248			—
Net change in unrealized appreciation/depreciation		—			—			2,078,877,217			—
Ending balance		14,658,518		$	20,470,354,346		$	25,917,726,586		$	58,420,248

Three Months Ended June 30, 2019	Ounces			Cost			Fair Value			Realized Gain (Loss)
Beginning balance		9,695,079		$	12,152,880,181		$	12,559,005,466		$	—
Gold bullion contributed		546,477			739,781,522			739,781,522			—
Gold bullion distributed		(761,506	)		(954,820,867	)		(976,968,626	)		22,147,759
Gold bullion sold to pay expenses		(5,960	)		(7,472,873	)		(7,735,421	)		262,548
Net realized gain		—			—			22,410,307			—
Net change in unrealized appreciation/depreciation		—			—			1,012,499,328			—
Ending balance		9,474,090		$	11,930,367,963		$	13,348,992,576		$	22,410,307

Six Months Ended June 30, 2020	Ounces			Cost			Fair Value			Realized Gain (Loss)
Beginning balance		11,577,252		$	15,094,673,874		$	17,632,155,037		$	—
Gold bullion contributed		3,908,619			6,481,090,794			6,481,090,794			—
Gold bullion distributed		(811,936	)		(1,084,725,741	)		(1,290,498,278	)		205,772,537
Gold bullion sold to pay expenses		(15,417	)		(20,684,581	)		(24,978,774	)		4,294,193
Net realized gain		—			—			210,066,730			—
Net change in unrealized appreciation/depreciation		—			—			2,909,891,077			—
Ending balance		14,658,518		$	20,470,354,346		$	25,917,726,586		$	210,066,730

Six Months Ended June 30, 2019	Ounces			Cost			Fair Value			Realized Gain (Loss)
Beginning balance		9,009,541		$	11,255,129,376		$	11,547,078,166		$	—
Gold bullion contributed		1,365,448			1,804,683,811			1,804,683,811			—
Gold bullion distributed		(889,355	)		(1,114,984,814	)		(1,142,681,966	)		27,697,152
Gold bullion sold to pay expenses		(11,544	)		(14,460,410	)		(15,020,997	)		560,587
Net realized gain		—			—			28,257,739			—
Net change in unrealized appreciation/depreciation		—			—			1,126,675,823			—
Ending balance		9,474,090		$	11,930,367,963		$	13,348,992,576		$	28,257,739