iShares Gold Trust (IAU) 10-Q 3 Nov 23 2023 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2023	Oct. 31, 2023
Document Information [Line Items]
Entity Central Index Key	0001278680
Entity Registrant Name	ISHARES GOLD TRUST
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	001-32418
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	81-6124036
Entity Address, Address Line One	400 Howard Street
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94105
City Area Code	415
Local Phone Number	670-2000
Title of 12(b) Security	Shares
Trading Symbol	IAU
Security Exchange Name	NYSEArca
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		683,150,000

Statements of Assets and Liabil

Statements of Assets and Liabilities (Unaudited) - USD ($)		Sep. 30, 2023	Dec. 31, 2022
Assets
Investment in gold bullion, at fair value	[1]	$ 24,661,114,779	$ 26,160,403,750
Total Assets		24,661,114,779	26,160,403,750
Liabilities
Sponsor’s fees payable		5,405,381	5,511,616
Total Liabilities		5,405,381	5,511,616
Commitments and contingent liabilities (Note 6)
Net Assets		$ 24,655,709,398	$ 26,154,892,134
Shares issued and outstanding (in shares)	[2]	696,100,000	760,700,000
Net asset value per Share (Note 2C) (in dollars per share)		$ 35.42	$ 34.38
[1]Cost of investment in gold bullion: $20,614,178,426 and $22,205,551,004, respectively.[2]No par value, unlimited amount authorized.

Statements of Assets and Liab_2

Statements of Assets and Liabilities (Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands	Sep. 30, 2023	Dec. 31, 2022
Investment in gold bullion, cost	$ 20,614,178,426	$ 22,205,551,004
Shares, par value (in dollars per share)	$ 0	$ 0
Shares, issued (in shares)	696,100,000	760,700,000

Statements of Operations (Unaud

Statements of Operations (Unaudited) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Expenses
Sponsor’s fees		$ 17,072,930	$ 17,481,962	$ 51,699,084	$ 55,438,845
Total expenses		17,072,930	17,481,962	51,699,084	55,438,845
Net investment loss		(17,072,930)	(17,481,962)	(51,699,084)	(55,438,845)
Net Realized and Unrealized Gain (Loss)
Gold bullion sold to pay expenses		3,397,660	2,265,367	10,149,686	9,188,523
Gold bullion distributed for the redemption of Shares		475,910,441	169,971,437	737,305,817	422,177,119
Net realized gain		479,308,101	172,236,804	747,455,503	431,365,642
Net change in unrealized appreciation/depreciation		(1,018,117,461)	(2,526,022,421)	92,083,607	(2,929,173,992)
Net realized and unrealized gain (loss)		(538,809,360)	(2,353,785,617)	839,539,110	(2,497,808,350)
Net increase (decrease) in net assets resulting from operations		$ (555,882,290)	$ (2,371,267,579)	$ 787,840,026	$ (2,553,247,195)
Net increase in net assets per Share (in dollars per share)	[1]	$ (0.75)	$ (2.82)	$ 1.04	$ (2.99)
[1]Net increase (decrease) in net assets per Share based on average shares outstanding during the period.

Statements of Changes in Net As

Statements of Changes in Net Assets (Unaudited) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Net Assets, Beginning of Period	$ 27,582,572,981	$ 28,276,901,512	$ 26,154,892,134	$ 29,796,302,575	$ 32,249,057,963	$ 28,723,023,637	$ 26,154,892,134	$ 28,723,023,637
Operations:
Net investment loss	(17,072,930)	(17,920,847)	(16,705,307)	(17,481,962)	(19,449,872)	(18,507,011)	(51,699,084)	(55,438,845)
Net realized gain	479,308,101	111,759,306	156,388,096	172,236,804	196,914,518	62,214,320	747,455,503	431,365,642
Net change in unrealized appreciation/depreciation	(1,018,117,461)	(1,104,430,686)	2,214,631,754	(2,526,022,421)	(2,284,892,586)	1,881,741,015	92,083,607	(2,929,173,992)
Net increase (decrease) in net assets resulting from operations	(555,882,290)	(1,010,592,227)	2,354,314,543	(2,371,267,579)	(2,107,427,940)	1,925,448,324	787,840,026	(2,553,247,195)
Capital Share Transactions:
Contributions for Shares issued	177,161,971	852,839,106	683,354,142	69,345,194	782,395,238	1,934,507,346
Distributions for Shares redeemed	(2,548,143,264)	(536,575,410)	(915,659,307)	(1,757,256,432)	(1,127,722,686)	(333,921,344)
Net increase (decrease) in net assets from capital share transactions	(2,370,981,293)	316,263,696	(232,305,165)	(1,687,911,238)	(345,327,448)	1,600,586,002
Increase (decrease) in net assets	(2,926,863,583)	(694,328,531)	2,122,009,378	(4,059,178,817)	(2,452,755,388)	3,526,034,326
Net Assets, End of Period	$ 24,655,709,398	$ 27,582,572,981	$ 28,276,901,512	$ 25,737,123,758	$ 29,796,302,575	$ 32,249,057,963	$ 24,655,709,398	$ 25,737,123,758
Shares issued and redeemed
Shares issued (in shares)							45,950,000	77,300,000
Shares redeemed (in shares)							(110,550,000)	(96,050,000)
Net decrease in Shares issued and outstanding (in shares)							(64,600,000)	(18,750,000)

Statements of Cash Flows (Unaud

Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended				9 Months Ended
	Sep. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Cash Flows from Operating Activities
Proceeds from gold bullion sold to pay expenses					$ 51,805,319	$ 55,997,167
Expenses – Sponsor's fees paid					(51,805,319)	(55,997,167)
Net cash provided by (used in) operating activities					0	0
Increase (decrease) in cash					0	0
Cash, beginning of period		$ 0		$ 0	0	0
Cash, end of period	$ 0		$ 0		0	0
Reconciliation of Net Increase (Decrease) in Net Assets Resulting from Operations to Net Cash Provided by (Used in) Operating Activities
Net increase (decrease) in net assets resulting from operations	(555,882,290)	2,354,314,543	(2,371,267,579)	1,925,448,324	787,840,026	(2,553,247,195)
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Proceeds from gold bullion sold to pay expenses					51,805,319	55,997,167
Net realized (gain) loss	(479,308,101)	(156,388,096)	(172,236,804)	(62,214,320)	(747,455,503)	(431,365,642)
Net change in unrealized appreciation/depreciation	$ 1,018,117,461	$ (2,214,631,754)	$ 2,526,022,421	$ (1,881,741,015)	(92,083,607)	2,929,173,992
Change in operating assets and liabilities:
Sponsor’s fees payable					(106,235)	(558,322)
Net cash provided by (used in) operating activities					0	0
Supplemental disclosure of non-cash information:
Gold bullion contributed for Shares issued					1,713,355,219	2,786,247,778
Gold bullion distributed for Shares redeemed					$ (4,000,377,981)	$ (3,218,900,462)

Schedules of Investments (Unaud

Schedules of Investments (Unaudited)	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Schedule of Investments [Text Block]	® Schedules of Investments (Unaudited) At September 30, 2023 December 31, 2022 September 30, 2023 Description Ounces Cost Fair Value Gold bullion 13,184,237 $ 20,614,178,426 $ 24,661,114,779 Total Investments – 100.02 24,661,114,779 Less Liabilities – (0.02) (5,405,381 ) Net Assets – 100.00 $ 24,655,709,398 December 31, 2022 Description Ounces Cost Fair Value Gold bullion 14,434,521 $ 22,205,551,004 $ 26,160,403,750 Total Investments – 100.02 26,160,403,750 Less Liabilities – (0.02) (5,511,616 ) Net Assets – 100.00 $ 26,154,892,134

Note 1 - Organization

Note 1 - Organization	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	1 The iShares Gold Trust (the “Trust”) was organized on January 21, 2005 January 31, 2022. The Trust seeks to reflect generally the performance of the price of gold. The Trust seeks to reflect such performance before payment of the Trust’s expenses and liabilities. The Trust is designed to provide a vehicle for investors to make an investment similar to an investment in gold. The accompanying unaudited financial statements were prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions for Form 10 not 10 December 31, 2022, February 23, 2023. The Trust qualifies as an investment company solely for accounting purposes and not 946, Financial Services - Investment Companies, not not 1940,

Note 2 - Significant Accounting

Note 2 - Significant Accounting Policies	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2 A. Basis of Accounting The following significant accounting policies are consistently followed by the Trust in the preparation of its financial statements in conformity with U.S. GAAP. The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Certain statements and captions in the financial statements for the prior periods have been changed to conform to the current financial statement presentation. B. Gold Bullion JPMorgan Chase Bank N.A., London branch (the “Custodian”), is responsible for the safekeeping of gold bullion owned by the Trust. Fair value of the gold bullion held by the Trust is based on that day’s London Bullion Market Association (“LBMA”) Gold Price PM. “LBMA Gold Price PM” is the price per fine troy ounce of gold, stated in U.S. dollars, determined by ICE Benchmark Administration (“IBA”) following an electronic auction consisting of one 30 second 3:00 no 10:30 Gain or loss on sales of gold bullion is calculated on a trade date basis using the average cost method. The following tables summarize activity in gold bullion for the three September 30, 2023 2022: Three Months Ended September 30, 2023 Ounces Cost Fair Value Realized Gain (Loss) Beginning balance 14,427,193 $ 22,523,345,572 $ 27,588,399,386 $ — Gold bullion contributed 91,874 177,161,971 177,161,971 — Gold bullion distributed (1,325,807 ) (2,072,232,823 ) (2,548,143,264 ) 475,910,441 Gold bullion sold to pay expenses (9,023 ) (14,096,294 ) (17,493,954 ) 3,397,660 Net realized gain — — 479,308,101 — Net change in unrealized appreciation/depreciation — — (1,018,117,461 ) — Ending balance 13,184,237 $ 20,614,178,426 $ 24,661,114,779 $ 479,308,101 Three Months Ended September 30, 2022 Ounces Cost Fair Value Realized Gain (Loss) Beginning balance 16,402,064 $ 25,199,563,975 $ 29,802,548,231 $ — Gold bullion contributed 39,877 69,345,194 69,345,194 — Gold bullion distributed (1,032,942 ) (1,587,284,995 ) (1,757,256,432 ) 169,971,437 Gold bullion sold to pay expenses (10,410 ) (15,995,515 ) (18,260,882 ) 2,265,367 Net realized gain — — 172,236,804 — Net change in unrealized appreciation/depreciation — — (2,526,022,421 ) — Ending balance 15,398,589 $ 23,665,628,659 $ 25,742,590,494 $ 172,236,804 The following tables summarize activity in gold bullion for the nine September 30, 2023 2022: Nine Months Ended September 30, 2023 Ounces Cost Fair Value Realized Gain (Loss) Beginning balance 14,434,521 $ 22,205,551,004 $ 26,160,403,750 $ — Gold bullion contributed 871,166 1,713,355,219 1,713,355,219 — Gold bullion distributed (2,094,633 ) (3,263,072,164 ) (4,000,377,981 ) 737,305,817 Gold bullion sold to pay expenses (26,817 ) (41,655,633 ) (51,805,319 ) 10,149,686 Net realized gain — — 747,455,503 — Net change in unrealized appreciation/depreciation — — 92,083,607 — Ending balance 13,184,237 $ 20,614,178,426 $ 24,661,114,779 $ 747,455,503 Nine Months Ended September 30, 2022 Ounces Cost Fair Value Realized Gain (Loss) Beginning balance 15,784,325 $ 23,722,912,868 $ 28,729,048,695 $ — Gold bullion contributed 1,469,368 2,786,247,778 2,786,247,778 — Gold bullion distributed (1,824,428 ) (2,796,723,343 ) (3,218,900,462 ) 422,177,119 Gold bullion sold to pay expenses (30,676 ) (46,808,644 ) (55,997,167 ) 9,188,523 Net realized gain — — 431,365,642 — Net change in unrealized appreciation/depreciation — — (2,929,173,992 ) — Ending balance 15,398,589 $ 23,665,628,659 $ 25,742,590,494 $ 431,365,642 C. Calculation of Net Asset Value On each business day, as soon as practicable after 4:00 D. Offering of the Shares Trust Shares are issued and redeemed continuously in aggregations of 50,000 Shares in exchange for gold bullion rather than cash. Individual investors cannot purchase or redeem Shares in direct transactions with the Trust. The Trust only transacts with registered broker-dealers that are eligible to settle securities transactions through the book-entry facilities of the Depository Trust Company and that have entered into a contractual arrangement with the Trustee and the Sponsor governing, among other matters, the creation and redemption of Shares (such broker-dealers, the “Authorized Participants”). Holders of Shares of the Trust may provided may not The per Share amount of gold exchanged for a purchase or redemption represents the per Share amount of gold held by the Trust, after giving effect to its liabilities. When gold bullion is exchanged in settlement of a redemption, it is considered a sale of gold bullion for accounting purposes. E. F ederal Income Taxes The Trust is treated as a grantor trust for federal income tax purposes and, therefore, no The Sponsor has analyzed applicable tax laws and regulations and their application to the Trust as of September 30, 2023 not

Note 3 - Trust Expenses

Note 3 - Trust Expenses	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Trust Expenses [Text Block]	3 The Sponsor’s fee is accrued daily at an annualized rate equal to 0.25% of the net asset value of the Trust, paid monthly in arrears. The Sponsor has agreed to assume the following administrative and marketing expenses incurred by the Trust: the Trustee’s fee and reimbursement for its reasonable out‑of‑pocket expenses, the Custodian’s fee, NYSE Arca listing fees, SEC registration fees, printing and mailing costs, audit fees and expenses, and, effective January 31, 2022, January 31, 2022, may not

Note 4 - Related Parties

Note 4 - Related Parties	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	4 The Sponsor and the Trustee are considered to be related parties to the Trust. The Trustee’s fee is paid by the Sponsor and is not

Note 5 - Indemnification

Note 5 - Indemnification	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Indemnification [Text Block]	5 The Trust Agreement provides that the Trustee shall indemnify the Sponsor, its directors, employees and agents against, and hold each of them harmless from, any loss, liability, cost, expense or judgment (including reasonable fees and expenses of counsel) (i) caused by the negligence or bad faith of the Trustee or (ii) arising out of any information furnished in writing to the Sponsor by the Trustee expressly for use in the registration statement, or any amendment thereto or periodic or other report filed with the SEC relating to the Shares that is not The Trust Agreement provides that the Sponsor and its shareholders, directors, officers, employees, affiliates (as such term is defined under the Securities Act of 1933, 1 2 The Trust has agreed that the Custodian will only be responsible for any loss or damage suffered by the Trust as a direct result of the Custodian’s negligence, fraud or willful default in the performance of its duties.

Note 6 - Commitments and Contin

Note 6 - Commitments and Contingent Liabilities	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	6 In the normal course of business, the Trust may may not

Note 7 - Concentration Risk

Note 7 - Concentration Risk	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	7 Substantially all of the Trust’s assets are holdings of gold bullion, which creates a concentration risk associated with fluctuations in the price of gold. Accordingly, a decline in the price of gold will have an adverse effect on the value of the Shares of the Trust. Factors that may

Note 8 - Financial Highlights

Note 8 - Financial Highlights	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Financial Highlights [Text Block]	8 The following financial highlights relate to investment performance and operations for a Share outstanding for the three nine September 30, 2023 2022. Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Net asset value per Share, beginning of period $ 36.23 $ 34.51 $ 34.38 $ 34.62 Net investment loss (a) (0.02 ) (0.02 ) (0.07 ) (0.06 ) Net realized and unrealized gain (loss) (b) (0.79 ) (2.75 ) 1.11 (2.82 ) Net increase (decrease) in net assets from operations (0.81 ) (2.77 ) 1.04 (2.88 ) Net asset value per Share, end of period $ 35.42 $ 31.74 $ 35.42 $ 31.74 Total return, at net asset value (c)(d) (2.24 )% (8.03 )% 3.03 % (8.32 )% Ratio to average net assets: Net investment loss (e) (0.25 )% (0.25 )% (0.25 )% (0.25 )% Expenses (e) 0.25 % 0.25 % 0.25 % 0.25 % (a) Based on average Shares outstanding during the period. (b) The amounts reported for a Share outstanding may not (c) Based on the change in net asset value of a Share during the period. (d) Percentage is not (e) Percentage is annualized.

Note 9 - Investment Valuation

Note 9 - Investment Valuation	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Fair Value Disclosures [Text Block]	9 U.S. GAAP defines fair value as the price the Trust would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. The Trust’s policy is to value its investment at fair value. Various inputs are used in determining the fair value of assets and liabilities. Inputs may may three three Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities; Level 2 Inputs other than quoted prices included within Level 1 not Level 3 Unobservable inputs that are unobservable for the asset or liability, including the Trust’s assumptions used in determining the fair value of investments. At September 30, 2023 December 31, 2022, 1.

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]		5. Not
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	A. Basis of Accounting The following significant accounting policies are consistently followed by the Trust in the preparation of its financial statements in conformity with U.S. GAAP. The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Certain statements and captions in the financial statements for the prior periods have been changed to conform to the current financial statement presentation.
Investment, Policy [Policy Text Block]	B. Gold Bullion JPMorgan Chase Bank N.A., London branch (the “Custodian”), is responsible for the safekeeping of gold bullion owned by the Trust. Fair value of the gold bullion held by the Trust is based on that day’s London Bullion Market Association (“LBMA”) Gold Price PM. “LBMA Gold Price PM” is the price per fine troy ounce of gold, stated in U.S. dollars, determined by ICE Benchmark Administration (“IBA”) following an electronic auction consisting of one 30 second 3:00 no 10:30 Gain or loss on sales of gold bullion is calculated on a trade date basis using the average cost method. The following tables summarize activity in gold bullion for the three September 30, 2023 2022: Three Months Ended September 30, 2023 Ounces Cost Fair Value Realized Gain (Loss) Beginning balance 14,427,193 $ 22,523,345,572 $ 27,588,399,386 $ — Gold bullion contributed 91,874 177,161,971 177,161,971 — Gold bullion distributed (1,325,807 ) (2,072,232,823 ) (2,548,143,264 ) 475,910,441 Gold bullion sold to pay expenses (9,023 ) (14,096,294 ) (17,493,954 ) 3,397,660 Net realized gain — — 479,308,101 — Net change in unrealized appreciation/depreciation — — (1,018,117,461 ) — Ending balance 13,184,237 $ 20,614,178,426 $ 24,661,114,779 $ 479,308,101 Three Months Ended September 30, 2022 Ounces Cost Fair Value Realized Gain (Loss) Beginning balance 16,402,064 $ 25,199,563,975 $ 29,802,548,231 $ — Gold bullion contributed 39,877 69,345,194 69,345,194 — Gold bullion distributed (1,032,942 ) (1,587,284,995 ) (1,757,256,432 ) 169,971,437 Gold bullion sold to pay expenses (10,410 ) (15,995,515 ) (18,260,882 ) 2,265,367 Net realized gain — — 172,236,804 — Net change in unrealized appreciation/depreciation — — (2,526,022,421 ) — Ending balance 15,398,589 $ 23,665,628,659 $ 25,742,590,494 $ 172,236,804 The following tables summarize activity in gold bullion for the nine September 30, 2023 2022: Nine Months Ended September 30, 2023 Ounces Cost Fair Value Realized Gain (Loss) Beginning balance 14,434,521 $ 22,205,551,004 $ 26,160,403,750 $ — Gold bullion contributed 871,166 1,713,355,219 1,713,355,219 — Gold bullion distributed (2,094,633 ) (3,263,072,164 ) (4,000,377,981 ) 737,305,817 Gold bullion sold to pay expenses (26,817 ) (41,655,633 ) (51,805,319 ) 10,149,686 Net realized gain — — 747,455,503 — Net change in unrealized appreciation/depreciation — — 92,083,607 — Ending balance 13,184,237 $ 20,614,178,426 $ 24,661,114,779 $ 747,455,503 Nine Months Ended September 30, 2022 Ounces Cost Fair Value Realized Gain (Loss) Beginning balance 15,784,325 $ 23,722,912,868 $ 28,729,048,695 $ — Gold bullion contributed 1,469,368 2,786,247,778 2,786,247,778 — Gold bullion distributed (1,824,428 ) (2,796,723,343 ) (3,218,900,462 ) 422,177,119 Gold bullion sold to pay expenses (30,676 ) (46,808,644 ) (55,997,167 ) 9,188,523 Net realized gain — — 431,365,642 — Net change in unrealized appreciation/depreciation — — (2,929,173,992 ) — Ending balance 15,398,589 $ 23,665,628,659 $ 25,742,590,494 $ 431,365,642
Calculation of Net Asset Value [Policy Text Block]	C. Calculation of Net Asset Value On each business day, as soon as practicable after 4:00
Offering of the Shares [Policy Text Block]	D. Offering of the Shares Trust Shares are issued and redeemed continuously in aggregations of 50,000 Shares in exchange for gold bullion rather than cash. Individual investors cannot purchase or redeem Shares in direct transactions with the Trust. The Trust only transacts with registered broker-dealers that are eligible to settle securities transactions through the book-entry facilities of the Depository Trust Company and that have entered into a contractual arrangement with the Trustee and the Sponsor governing, among other matters, the creation and redemption of Shares (such broker-dealers, the “Authorized Participants”). Holders of Shares of the Trust may provided may not The per Share amount of gold exchanged for a purchase or redemption represents the per Share amount of gold held by the Trust, after giving effect to its liabilities. When gold bullion is exchanged in settlement of a redemption, it is considered a sale of gold bullion for accounting purposes.
Income Tax, Policy [Policy Text Block]	E. F ederal Income Taxes The Trust is treated as a grantor trust for federal income tax purposes and, therefore, no The Sponsor has analyzed applicable tax laws and regulations and their application to the Trust as of September 30, 2023 not

Schedules of Investments (Una_2

Schedules of Investments (Unaudited) (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Investment [Table Text Block]	Description Ounces Cost Fair Value Gold bullion 13,184,237 $ 20,614,178,426 $ 24,661,114,779 Total Investments – 100.02 24,661,114,779 Less Liabilities – (0.02) (5,405,381 ) Net Assets – 100.00 $ 24,655,709,398 Description Ounces Cost Fair Value Gold bullion 14,434,521 $ 22,205,551,004 $ 26,160,403,750 Total Investments – 100.02 26,160,403,750 Less Liabilities – (0.02) (5,511,616 ) Net Assets – 100.00 $ 26,154,892,134

Note 2 - Significant Accounti_2

Note 2 - Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Activity in Gold Bullion [Table Text Block]	Three Months Ended September 30, 2023 Ounces Cost Fair Value Realized Gain (Loss) Beginning balance 14,427,193 $ 22,523,345,572 $ 27,588,399,386 $ — Gold bullion contributed 91,874 177,161,971 177,161,971 — Gold bullion distributed (1,325,807 ) (2,072,232,823 ) (2,548,143,264 ) 475,910,441 Gold bullion sold to pay expenses (9,023 ) (14,096,294 ) (17,493,954 ) 3,397,660 Net realized gain — — 479,308,101 — Net change in unrealized appreciation/depreciation — — (1,018,117,461 ) — Ending balance 13,184,237 $ 20,614,178,426 $ 24,661,114,779 $ 479,308,101 Three Months Ended September 30, 2022 Ounces Cost Fair Value Realized Gain (Loss) Beginning balance 16,402,064 $ 25,199,563,975 $ 29,802,548,231 $ — Gold bullion contributed 39,877 69,345,194 69,345,194 — Gold bullion distributed (1,032,942 ) (1,587,284,995 ) (1,757,256,432 ) 169,971,437 Gold bullion sold to pay expenses (10,410 ) (15,995,515 ) (18,260,882 ) 2,265,367 Net realized gain — — 172,236,804 — Net change in unrealized appreciation/depreciation — — (2,526,022,421 ) — Ending balance 15,398,589 $ 23,665,628,659 $ 25,742,590,494 $ 172,236,804 Nine Months Ended September 30, 2023 Ounces Cost Fair Value Realized Gain (Loss) Beginning balance 14,434,521 $ 22,205,551,004 $ 26,160,403,750 $ — Gold bullion contributed 871,166 1,713,355,219 1,713,355,219 — Gold bullion distributed (2,094,633 ) (3,263,072,164 ) (4,000,377,981 ) 737,305,817 Gold bullion sold to pay expenses (26,817 ) (41,655,633 ) (51,805,319 ) 10,149,686 Net realized gain — — 747,455,503 — Net change in unrealized appreciation/depreciation — — 92,083,607 — Ending balance 13,184,237 $ 20,614,178,426 $ 24,661,114,779 $ 747,455,503 Nine Months Ended September 30, 2022 Ounces Cost Fair Value Realized Gain (Loss) Beginning balance 15,784,325 $ 23,722,912,868 $ 28,729,048,695 $ — Gold bullion contributed 1,469,368 2,786,247,778 2,786,247,778 — Gold bullion distributed (1,824,428 ) (2,796,723,343 ) (3,218,900,462 ) 422,177,119 Gold bullion sold to pay expenses (30,676 ) (46,808,644 ) (55,997,167 ) 9,188,523 Net realized gain — — 431,365,642 — Net change in unrealized appreciation/depreciation — — (2,929,173,992 ) — Ending balance 15,398,589 $ 23,665,628,659 $ 25,742,590,494 $ 431,365,642

Note 8 - Financial Highlights (

Note 8 - Financial Highlights (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Financial Highlights [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Net asset value per Share, beginning of period $ 36.23 $ 34.51 $ 34.38 $ 34.62 Net investment loss (a) (0.02 ) (0.02 ) (0.07 ) (0.06 ) Net realized and unrealized gain (loss) (b) (0.79 ) (2.75 ) 1.11 (2.82 ) Net increase (decrease) in net assets from operations (0.81 ) (2.77 ) 1.04 (2.88 ) Net asset value per Share, end of period $ 35.42 $ 31.74 $ 35.42 $ 31.74 Total return, at net asset value (c)(d) (2.24 )% (8.03 )% 3.03 % (8.32 )% Ratio to average net assets: Net investment loss (e) (0.25 )% (0.25 )% (0.25 )% (0.25 )% Expenses (e) 0.25 % 0.25 % 0.25 % 0.25 %

Schedules of Investments (Una_3

Schedules of Investments (Unaudited) - Investments (Details)	Sep. 30, 2023 USD ($) oz	Jun. 30, 2023 USD ($) oz	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($) oz	Sep. 30, 2022 USD ($) oz	Jun. 30, 2022 USD ($) oz	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($) oz
Gold bullion (Ounce) | oz	13,184,237	14,427,193		14,434,521	15,398,589	16,402,064		15,784,325
Investment in gold bullion, cost	$ 20,614,178,426	$ 22,523,345,572		$ 22,205,551,004	$ 23,665,628,659	$ 25,199,563,975		$ 23,722,912,868
Gold bullion fair value	24,661,114,779			26,160,403,750
Less Liabilities	(5,405,381)			(5,511,616)
Net Assets	$ 24,655,709,398	$ 27,582,572,981	$ 28,276,901,512	$ 26,154,892,134	$ 25,737,123,758	$ 29,796,302,575	$ 32,249,057,963	$ 28,723,023,637

Schedules of Investments (Una_4

Schedules of Investments (Unaudited) - Investments (Details) (Parentheticals)	Sep. 30, 2023	Dec. 31, 2022
Total investment, percentage of net asset value	100.02%	100.02%
Less liabilities, percentage of net asset value	(0.02%)	(0.02%)
Net assets, percentage of net asset value	100%	100%

Note 2 - Significant Accounti_3

Note 2 - Significant Accounting Policies (Details Textual)	Sep. 30, 2023 shares
Shares Prescribed Aggregation (in shares)	50,000

Note 2 - Significant Accounti_4

Note 2 - Significant Accounting Policies - Activity in Gold Bullion (Details)	3 Months Ended								9 Months Ended
	Sep. 30, 2023 USD ($) oz		Jun. 30, 2023 USD ($) oz	Mar. 31, 2023 USD ($) oz		Sep. 30, 2022 USD ($) oz	Jun. 30, 2022 USD ($) oz	Mar. 31, 2022 USD ($) oz	Sep. 30, 2023 USD ($) oz		Sep. 30, 2022 USD ($) oz
Beginning balance (Ounce) | oz	14,427,193			14,434,521		16,402,064		15,784,325	14,434,521		15,784,325
Beginning balance, average cost	$ 22,523,345,572			$ 22,205,551,004		$ 25,199,563,975		$ 23,722,912,868	$ 22,205,551,004		$ 23,722,912,868
Beginning balance, fair value	$ 27,588,399,386			26,160,403,750	[1]	$ 29,802,548,231		28,729,048,695	$ 26,160,403,750	[1]	$ 28,729,048,695
Gold bullion contributed (Ounce) | oz	91,874					39,877			871,166		1,469,368
Gold bullion contributed, average cost	$ 177,161,971					$ 69,345,194			$ 1,713,355,219		$ 2,786,247,778
Gold bullion contributed, fair value	$ 177,161,971					$ 69,345,194			$ 1,713,355,219		$ 2,786,247,778
Gold bullion distributed (Ounce) | oz	(1,325,807)					(1,032,942)			(2,094,633)		(1,824,428)
Gold bullion distributed, average cost	$ (2,072,232,823)					$ (1,587,284,995)			$ (3,263,072,164)		$ (2,796,723,343)
Gold bullion distributed, fair value	(2,548,143,264)					(1,757,256,432)			(4,000,377,981)		(3,218,900,462)
Gold bullion distributed, realized gain (loss)	$ 475,910,441					$ 169,971,437			$ 737,305,817		$ 422,177,119
Gold bullion sold to pay expenses (Ounce) | oz	(9,023)					(10,410)			(26,817)		(30,676)
Gold bullion sold to pay expenses, average cost	$ (14,096,294)					$ (15,995,515)			$ (41,655,633)		$ (46,808,644)
Gold bullion sold to pay expenses, fair value	(17,493,954)					(18,260,882)			(51,805,319)		(55,997,167)
Gold bullion sold to pay expenses, realized gain (loss)	3,397,660					2,265,367			10,149,686		9,188,523
Net realized gain (loss), fair value	479,308,101		$ 111,759,306	156,388,096		172,236,804	$ 196,914,518	62,214,320	747,455,503		431,365,642
Net change in unrealized appreciation/depreciation, fair value	$ (1,018,117,461)		$ (1,104,430,686)	2,214,631,754		$ (2,526,022,421)	$ (2,284,892,586)	1,881,741,015	$ 92,083,607		$ (2,929,173,992)
Ending balance (Ounce) | oz	13,184,237		14,427,193			15,398,589	16,402,064		13,184,237		15,398,589
Ending balance, average cost	$ 20,614,178,426		$ 22,523,345,572			$ 23,665,628,659	$ 25,199,563,975		$ 20,614,178,426		$ 23,665,628,659
Ending balance, fair value	24,661,114,779	[1]	27,588,399,386			25,742,590,494	29,802,548,231		24,661,114,779	[1]	25,742,590,494
Ending balance, realized gain (loss)	$ 479,308,101		$ 111,759,306	$ 156,388,096		$ 172,236,804	$ 196,914,518	$ 62,214,320	$ 747,455,503		$ 431,365,642
[1]Cost of investment in gold bullion: $20,614,178,426 and $22,205,551,004, respectively.

Note 3 - Trust Expenses (Detail

Note 3 - Trust Expenses (Details Textual) - USD ($)		9 Months Ended	12 Months Ended
	Jan. 31, 2022	Sep. 30, 2023	Dec. 31, 2021
Sponsors Fee Annualized Accrual Rate Based on Daily Net Asset Value		0.25%
Maximum [Member]
Legal Fees Per Year	$ 500,000		$ 100,000

Note 8 - Financial Highlights -

Note 8 - Financial Highlights - Financial Highlights (Details) - $ / shares		3 Months Ended		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Net asset value per Share, beginning of period (in dollars per share)		$ 36.23	$ 34.51	$ 34.38	$ 34.62
Net investment loss (in dollars per share)	[1]	(0.02)	(0.02)	(0.07)	(0.06)
Net realized and unrealized gain (loss) (in dollars per share)	[2]	(0.79)	(2.75)	1.11	(2.82)
Net increase (decrease) in net assets from operations (in dollars per share)		(0.81)	(2.77)	1.04	(2.88)
Net asset value per Share, end of period (in dollars per share)		$ 35.42	$ 31.74	$ 35.42	$ 31.74
Total return, at net asset value	[3],[4]	(2.24%)	(8.03%)	3.03%	(8.32%)
Ratio to average net assets:
Net investment loss	[5]	(0.25%)	(0.25%)	(0.25%)	(0.25%)
Expenses	[5]	0.25%	0.25%	0.25%	0.25%
[1]Based on average Shares outstanding during the period.[2]The amounts reported for a Share outstanding may not accord with the change in aggregate gains and losses on investment for the period due to the timing of Trust Share transactions in relation to the fluctuating fair values of the Trust’s underlying investment.[3]Based on the change in net asset value of a Share during the period.[4]Percentage is not annualized.[5]Percentage is annualized.