abrdn Precious Metals Basket ETF Trust (GLTR) 10-Q 12 May 14 2014 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2014	9-May-14
Document And Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	31-Mar-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'
Entity Registrant Name	'ETFS Precious Metals Basket Trust	'
Entity Central Index Key	'0001483386	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	2,600,000

Statements_of_Assets_and_Liabi

Statements of Assets and Liabilities (USD $)	Mar. 31, 2014		Dec. 31, 2013
Investment in Bullion	'		'
Investment in Bullion, fair value	$188,022,000		$260,476,000
Investment in Bullion, lower of cost or market value	'		259,922,000
Total assets	188,022,000	[1],[2]	259,922,000	[2],[3]
LIABILITIES	'		'
Fees payable to Sponsor	94,128		116,994
Total liabilities	94,000	[1]	118,000	[3]
NET ASSETS	187,928,000	[1]	259,804,000	[3]
ANALYSIS OF NET ASSETS	'		'
Shares at redemption value to investors	187,928,000	[1],[4]	260,358,000	[3],[4]
Shareholders’ deficit	'		-554,000	[3]
Total Shares at redemption value to investors (net asset value)	187,928,000	[1],[4]	259,804,000	[1],[3],[4]
Gold [Member]	'		'
Investment in Bullion	'		'
Investment in Bullion, fair value	102,539,000	[1],[2]	139,729,000
Investment in Bullion, lower of cost or market value	'		139,729,000	[2],[3]
Silver [Member]	'		'
Investment in Bullion	'		'
Investment in Bullion, fair value	58,124,000	[1],[2]	83,152,000
Investment in Bullion, lower of cost or market value	'		83,152,000	[2],[3]
Platinum [Member]	'		'
Investment in Bullion	'		'
Investment in Bullion, fair value	15,008,000	[1],[2]	21,057,000
Investment in Bullion, lower of cost or market value	'		21,057,000	[2],[3]
Palladium [Member]	'		'
Investment in Bullion	'		'
Investment in Bullion, fair value	12,351,000	[1],[2]	16,538,000
Investment in Bullion, lower of cost or market value	'		$15,984,000	[2],[3]
[1]	Effective January 1, 2014, the Trust has adopted the provisions of Topic 946, Investment Companies, and follows specialized accounting. Refer to Note 2.1 for additional information.
[2]	At March 31, 2014, Bullion is recorded at fair value. At December 31, 2013, Bullion was recorded at the lower of cost or market value. Refer to Note 2.1 for a breakdown of average cost and fair value per metal.
[3]	Derived from audited Statement of Financial Condition as of December 31, 2013.
[4]	Authorized share capital is unlimited with no par value per Share. Shares issued and outstanding at March 31, 2014 were 2,700,000 and at December 31, 2013 were 3,950,000.

Statements_of_Assets_and_Liabi1

Statements of Assets and Liabilities (Parenthetical) (USD $)	Mar. 31, 2014		Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified
Common stock, shares authorized	'unlimited		'unlimited	[1]
Average cost on investment in bullion	$178,741		$259,922
Common stock, shares issued	2,700,000	[2]	3,950,000	[1]
Common stock, shares outstanding	2,700,000	[2]	3,950,000	[1]
Net asset value per Share	$69.60	[2]	$65.91	[1],[2]
Gold [Member]	'		'
Average cost on investment in bullion	96,162	[2]	139,729	[1]
Silver [Member]	'		'
Average cost on investment in bullion	57,122	[2]	83,152	[1]
Platinum [Member]	'		'
Average cost on investment in bullion	14,454	[2]	21,057	[1]
Palladium [Member]	'		'
Average cost on investment in bullion	$11,003	[2]	$15,984	[1]
[1]	Derived from audited Statement of Financial Condition as of December 31, 2013.
[2]	Effective January 1, 2014, the Trust has adopted the provisions of Topic 946, Investment Companies, and follows specialized accounting. Refer to Note 2.1 for additional information.

Schedule_of_Investments

Schedule of Investments (oz, USD $)	Mar. 31, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified
Investment Holdings [Line Items]	'		'
Investment in Bullion (oz)	3,016,424		4,419,242.60
Cost	$178,741		$259,922
Fair Value	188,022		260,476
% of Net Assets	100.05%	[1]	100.26%	[2]
Gold [Member]	'		'
Investment Holdings [Line Items]	'		'
Investment in Bullion (oz)	79,379.60		116,295.90
Cost	96,162	[3]	139,729	[4]
Fair Value	102,539		139,729
% of Net Assets	54.56%	[1]	53.78%	[2]
Silver [Member]	'		'
Investment Holdings [Line Items]	'		'
Investment in Bullion (oz)	2,910,584.60		4,264,181.50
Cost	57,122	[3]	83,152	[4]
Fair Value	58,124		83,152
% of Net Assets	30.93%	[1]	32.01%	[2]
Platinum [Member]	'		'
Investment Holdings [Line Items]	'		'
Investment in Bullion (oz)	10,584		15,506.10
Cost	14,454	[3]	21,057	[4]
Fair Value	15,008		21,057
% of Net Assets	7.99%	[1]	8.10%	[2]
Palladium [Member]	'		'
Investment Holdings [Line Items]	'		'
Investment in Bullion (oz)	15,875.80		23,259.10
Cost	11,003	[3]	15,984	[4]
Fair Value	$12,351		$16,538
% of Net Assets	6.57%	[1]	6.37%	[2]
[1]	Calculated as investment in Bullion at fair value divided by net assets as, at March 31, 2014, investment in Bullion is recorded at fair value. Refer to Note 2.1 for additional information.
[2]	Calculated as investment in Bullion at cost divided by net assets as, at December 31, 2013, investment in Bullion was recorded at the lower of cost or market value. Refer to Note 2.1 for additional information.
[3]	Effective January 1, 2014, the Trust has adopted the provisions of Topic 946, Investment Companies, and follows specialized accounting. Refer to Note 2.1 for additional information.
[4]	Derived from audited Statement of Financial Condition as of December 31, 2013.

Statements_of_Operations

Statements of Operations (USD $)	3 Months Ended
	Mar. 31, 2014		Mar. 31, 2013
EXPENSES	'		'
Sponsorbs Fee	$311,080		$314,846
Total expenses	311,000	[1]	315,000	[2]
Net investment loss	-311,000	[1]	-315,000	[2]
REALIZED AND UNREALIZED GAINS / (LOSSES)	'		'
Realized gain on Bullion transferred to pay expenses	10,000	[1]	27,000	[2]
Realized gain on Bullion distributed for the redemption of Shares	3,446,000	[1]	0	[2]
Change in unrealized gain / (loss) on investment in Bullion	8,727,000	[1]	-617,000	[2]
Total gain / (loss) on Bullion	12,183,000	[1]	-590,000	[2]
Change in net assets from operations	$11,872,000	[1]	($905,000)	[2]
Net increase / (decrease) in net assets per Share (in Dollars per share)	$3.93	[1]	($0.39)	[2]
Weighted average number of Shares (in Shares)	3,020,000	[1]	2,319,444	[2]
[1]	Effective January 1, 2014, the Trust has adopted the provisions of Topic 946, Investment Companies, and follows specialized accounting. Refer to Note 2.1 for additional information.
[2]	Amounts are those previously reported under non investment company accounting. Refer to Note 2.1 for additional information.

Statements_of_Cash_Flows

Statements of Cash Flows (USD $)	3 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2013		Dec. 31, 2013
INCREASE IN CASH FROM OPERATIONS:	'		'
Cash proceeds received from transfer of Bullion	$0		'
Cash expenses paid	0		'
Increase in cash resulting from operations	0		'
Cash and cash equivalents at beginning of period	0		0
Cash and cash equivalents at end of period	0		'
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:	'		'
Value of Bullion received for creation of Shares	23,125		149,236
Value of Bullion distributed for redemption of Shares - at average cost	0		'
RECONCILIATION OF NET (LOSS) / GAIN TO NET CASH PROVIDED BY OPERATING ACTIVITIES:	'		'
Net income / (loss)	-905	[1]	'
Adjustments to reconcile net (loss) / gain to net cash provided by operating activities:	'		'
Decrease / (increase) in investment in Bullion	-22,226		'
(Decrease) / increase in amounts payable to Sponsor	6		'
Increase / (decrease) in redeemable Shares:	'		'
Creations	23,125		'
Redemptions	0		'
Net cash provided by operating activities	0		'
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES:	'		'
Value of Bullion transferred to pay expenses	$309		'
[1]	Amounts are those previously reported under non investment company accounting. Refer to Note 2.1 for additional information.

Statement_of_Changes_in_Net_As

Statement of Changes in Net Assets (USD $)	3 Months Ended		12 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014		Dec. 31, 2013
Opening balance at December 31, 2013 (in Shares)	3,950,000	[1]	'
Creations (in Shares)	250,000	[1]	2,050,000
Redemptions (in Shares)	-1,500,000	[1]	-300,000
Closing balance at March 31, 2014 (in Shares)	2,700,000	[1]	3,950,000	[1]
Opening balance at December 31, 2013	$259,804	[1],[2],[3]	'
Net investment loss	-311	[1]	'
Realized gain on investment in Bullion	3,456	[1]	'
Change in unrealized gain on investment Bullion	8,727	[1]	'
Creations	17,776	[1]	149,235
Redemptions	-102,078	[1]	-20,607
Closing balance at March 31, 2014	187,928	[1],[2]	259,804	[1],[2],[3]
Adjustments for Change to Fair Value [Member]	'		'
Closing balance at March 31, 2014	$554	[1]	'
[1]	Effective January 1, 2014, the Trust has adopted the provisions of Topic 946, Investment Companies, and follows specialized accounting. Refer to Note 2.1 for additional information.
[2]	Authorized share capital is unlimited with no par value per Share. Shares issued and outstanding at March 31, 2014 were 2,700,000 and at December 31, 2013 were 3,950,000.
[3]	Derived from audited Statement of Financial Condition as of December 31, 2013.

Financial_Highlights

Financial Highlights (USD $)	3 Months Ended
	Mar. 31, 2014
Per Share Performance (for a Share outstanding throughout the entire period)	'
Net asset value per Share at beginning of period	$65.91	[1],[2]
Income from investment operations:	'
Net investment loss	($0.10)	[1]
Net realized and unrealized gains and losses on investment in Bullion	$3.79	[1]
Change in net assets from operations	$3.69	[1]
Net asset value per Share at end of period	$69.60	[1]
Weighted Average Shares	3,020,000	[1]
Expense Ratio	'
Annualized Sponsor's fee per Share	0.60%	[1]
Net Investment Loss Ratio	'
Annualized net investment loss ratio	-0.60%	[1]
Non-Annualized Total Return	5.60%	[1]
[1]	Effective January 1, 2014, the Trust has adopted the provisions of Topic 946, Investment Companies, and follows specialized accounting. Refer to Note 2.1 for additional information.
[2]	Derived from audited Statement of Financial Condition as of December 31, 2013.

Organization

Organization	3 Months Ended
	Mar. 31, 2014
Organization [Abstract]	'
Organization	'
	1. Organization
	The ETFS Precious Metals Basket Trust (the “Trust”) is an investment trust formed on October 18, 2010, under New York law pursuant to a depositary trust agreement (the “Trust Agreement”) executed by ETF Securities USA LLC (the “Sponsor”) and the Bank of New York Mellon (the “Trustee”) at the time of the Trust’s organization. The Trust holds gold, silver, platinum and palladium in set ratios (together, “Bullion”) and issues ETFS Physical PM Basket Shares (“Shares”) (in minimum blocks of 50,000 Shares, also referred to as “Baskets”) in exchange for deposits of Bullion and distributes Bullion in connection with the redemption of Baskets. Shares represent units of fractional undivided beneficial interest in and ownership of the Trust which are issued by the Trust. The Sponsor is a Delaware limited liability company and a wholly-owned subsidiary of ETF Securities Limited, a Jersey, Channel Islands based company. The Trust is governed by the Trust Agreement.
	The investment objective of the Trust is for the Shares to reflect the performance of the price of gold, silver, platinum and palladium, less the Trust’s expenses and liabilities. The Trust is designed to provide an individual owner of beneficial interests in the Shares (a “Shareholder”) an opportunity to participate in the gold, silver, platinum and palladium market through an investment in securities. The fiscal year end for the Trust is December 31.
	The accompanying unaudited condensed financial statements were prepared in accordance with the accounting principles generally accepted in the United States of America for interim financial information and with the instructions for the Form 10-Q. In the opinion of management of the Sponsor, all adjustments (which include normal recurring adjustments) necessary to present fairly the financial position and results of operations as of and for the three months ended March 31, 2014 and for all periods presented have been made.
	Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. These condensed financial statements should be read in conjunction with the Trust’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013. The results of operations for the three months ended March 31, 2014 are not necessarily indicative of the operating results for the full year.

Significant_Accounting_Policie

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2014
Significant Accounting Policies [Abstract]	'
Significant Accounting Policies	'
	2. Significant Accounting Policies
	The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires those responsible for preparing financial statements to make estimates and assumptions that affect the reported amounts and disclosures. Actual results could differ from those estimates. The following is a summary of significant accounting policies followed by the Trust.
	2.1. Basis of Accounting
	Since the Trust’s inception, the Sponsor determined that the Trust was not an investment company within the scope of Financial Accounting Standards Board (“FASB”) Codification of Accounting Standards, Topic 946, Financial Services—Investment Companies (“Topic 946”).  Consequently, the Trust did not prepare the disclosures applicable to investment companies under Topic 946, including the presentation of its Bullion assets at “fair value” as defined in Topic 946.  Instead, the Trust recorded its Bullion assets at the lower of cost or fair value in accordance with ASC 330, Inventory and ASC 270, Interim Reporting.
	Following the release of FASB Accounting Standards Update ASU 2013-08, Financial Services—Investments Companies (Topic 946): Amendments to the Scope, Measurement and Disclosure Requirements, the Sponsor has re-evaluated whether the Trust falls within scope and has concluded that for reporting purposes, the Trust is classified as an investment company effective January 1, 2014.  The Trust is not registered as an investment company under the Investment Company Act of 1940 and is not required to register under such act.
	As a result of the change in the evaluation of investment company status, the Trust must, from January 1, 2014, present its Bullion assets at “fair value” as defined in Topic 946.
	The adoption of Topic 946 accounting changed the presentation of the Trust’s financial statements prospectively from January 1, 2014 (the date of the adoption), the most significant aspects of which are as follows:
		1	Presentation of prior year information has been conformed to the current year accounting standards in the Condensed Statement of Assets and Liabilities and Condensed Statement of Operations.  A Condensed Statement of Changes in Net Assets is required and has been presented for the three month period ended March 31, 2014.
		2	A Schedule of Investments is required for the period ended March 31, 2014.  The Schedule has also been included as of December 31, 2013, for comparative presentation.
		3	Financial Highlights are required for the period ended March 31, 2014.
		4	As the Trust meets the exemption criteria under Topic 946, a cash flow statement is not required for the period ended March 31, 2014.  Since the adoption of the new accounting principle is prospective, the prior year statement of cash flows is still presented.
		5	Required disclosures under Topic 820, Fair Value Measurements, have been included in the footnotes to the financial statements as of March 31, 2014.  December 31, 2013 disclosures have also been included for comparative purposes.
	The quantitative effect of the adoption of investment company accounting is presented below:
	Quantitative effect of adoption of investment company accounting
			Value at						Gain / (loss)
			31-Dec-13			Value at			as a result of
			at lower of cost			1-Jan-14			change in
	(Amounts in 000's of US$)		or market value			at fair value			accounting principle
	Bullion
	Gold		$	139,729		$	139,729		$	-
	Silver		$	83,152		$	83,152		$	-
	Platinum		$	21,057		$	21,057		$	-
	Palladium		$	15,984		$	16,538		$	554
	2.2.  Valuation of Bullion
	Bullion is held by JPMorgan Chase Bank, N.A. (the “Custodian”), on behalf of the Trust, at its London, England vaulting premises on a segregated basis. The allocated platinum and palladium may also be held by UBS AG, or any other firm selected by the Custodian to hold the Trust’s platinum and palladium in the Trust’s allocated account in the firm’s Zurich vault premises on a segregated basis and whose appointment has been approved by the Sponsor, (the “Zurich Sub-Custodian”) at its Zurich, Switzerland vaulting premises on a segregated basis. The Trust’s Bullion is valued, per individual metal type, for financial statement purposes, at fair value. The cost of Bullion is determined according to the average cost method and the fair value is based on the “London Fix” (the applicable fix for each metal of the price of an ounce of such metal and is performed in London, England by fixing members of the London Bullion Market Association (“LBMA”) or London Platinum and Palladium Market (“LPPM”), as applicable) for each metal held by the Trust used to determine the net asset value (the “NAV”) of the Trust. Realized gains and losses on transfers of Bullion, or Bullion distributed for the redemption of Shares, are calculated on a trade date basis using cost.
	The Fund follows the provisions of ASC 820, Fair Value Measurements and Disclosures ("ASC 820"). ASC 820 provides guidance for determining fair value and requires increased disclosure regarding the inputs to valuation techniques used to measure fair value. ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
	Once the value of Bullion has been determined, the NAV is computed by the Trustee by deducting all accrued fees, expenses and other liabilities of the Trust, including the remuneration due to the Sponsor (the “Sponsor’s Fee”), from the fair value of the Bullion and all other assets held by the Trust.
	The table below summarizes the unrealized gains or losses on the Trust’s Bullion holdings as of March 31, 2014 and December 31, 2013:
		31-Mar-14
			Gold			Silver			Platinum			Palladium		Total
	(Amounts in 000's of US$)
	Investment in Bullion - cost	$	96,162		$	57,122		$	14,454		$	11,003	$	178,741
	Unrealized gain on investment in Bullion		6,377			1,002			554			1,348		9,281
	Investment in Bullion - fair value	$	102,539		$	58,124		$	15,008		$	12,351	$	188,022
		31-Dec-13
			Gold			Silver			Platinum			Palladium		Total
	(Amounts in 000's of US$)
	Investment in Bullion - cost	$	139,729		$	83,152		$	21,057		$	15,984	$	259,922
	Unrealized gain on investment in Bullion		-			-			-			554		554
	Investment in Bullion - fair value	$	139,729		$	83,152		$	21,057		$	16,538	$	260,476
	Effective January 1, 2014, the Trust records its investment in Bullion at fair value and recognizes changes in fair value of the investment in Bullion as changes in unrealized gains or losses on investment in Bullion through the Statement of Operations.
	Prior to 2014, the Trust recognized the movements in value of the investment in Bullion arising from market declines on an interim basis. Increases in the value of the investment in Bullion through market price recoveries in later interim periods of the same fiscal year were recognized in the later interim period. Increases in value recognized on an interim basis were not permitted to exceed the previously recognized diminution in value.  Unrealized losses at December 31, 2013 were crystallized as realized losses, and the average cost of gold, silver and platinum was written down to market value.
	The per Share amount of Bullion exchanged for a purchase or redemption is calculated daily by the Trustee, using the London Fix for each metal held by the Trust to calculate the Bullion amount in respect of any liabilities for which covering Bullion sales have not yet been made, and represents the per Share amount of Bullion held by the Trust, after giving effect to its liabilities, to cover expenses and liabilities and any losses that may have occurred.
	2.2.  Valuation of Bullion (continued)
	Fair Value Hierarchy
	Inputs
	Generally accepted accounting principles establish a hierarchy that prioritizes inputs to valuation techniques used to measure fair value. The three levels of inputs are as follows:
	–	Level 1.	Unadjusted quoted prices in active markets for identical assets or liabilities that the company has the ability to access.
	–	Level 2.	Observable inputs other than quoted prices included in level 1 that are observable for the asset or liability either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments and similar data.
	–	Level 3.	Unobservable inputs for the asset or liability to the extent that relevant observable inputs are not available, representing the company’s own assumptions about the assumptions that a market participant would use in valuing the asset or liability, and that would be based on the best information available.
	To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in level 3.
	The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement in its entirety.
	The Trust’s contractual obligation is to create or redeem Baskets with Authorized Participants at set prices on each trading day.  These prices are based on an agreed formula published in the prospectus, which is equal to the net asset value of the Trust.  Therefore, the investment in Bullion is classified as a level 2 asset, as the Trust’s investment in Bullion is calculated using third party pricing sources supported by observable, verifiable inputs.
	The categorization of the Trust’s assets is as shown below:
	Fair value hierarchy
	(Amounts in 000's of US$)		31-Mar-14			31-Dec-13
	Level 2
	Investment in Bullion		$	188,022		$	260,476
	There were no re-allocations or transfers between levels during the period.
	2.3. Bullion Receivable and Payable
	Bullion receivable or payable represents the quantity of Bullion covered by contractually binding orders for the creation or redemption of Shares respectively, where the Bullion has not yet been transferred to or from the Trust’s account. Generally, ownership of the Bullion is transferred within three business days of the trade date.
	There was no Bullion receivable or payable at March 31, 2014 and December 31, 2013 .
	2.4.  Creations and Redemptions of Shares
The Trust expects to create and redeem Shares from time to time, but only in one or more Baskets. The Trust issues Shares in Baskets to Authorized Participants on an ongoing basis. Individual investors cannot purchase or redeem Shares in direct transactions with the Trust. An Authorized Participant is a person who (1) is a registered broker-dealer or other securities market participant such as a bank or other financial institution which is not required to register as a broker-dealer to engage in securities transactions, (2) is a participant in The Depository Trust Company, (3) has entered into an Authorized Participant Agreement with the Trustee and the Sponsor, and (4) has established an Authorized Participant Unallocated Account with the Trust’s Custodian or other Bullion clearing bank. An Authorized Participant Agreement is an agreement entered into by each Authorized Participant, the Sponsor and the Trustee which provides the procedures for the creation and redemption of Baskets and for the delivery of the Bullion required for such creations and redemptions. An Authorized Participant Unallocated Account is an unallocated Bullion account, either loco London or loco Zurich, established with the Custodian or a Bullion clearing bank by an Authorized Participant.
The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of Bullion represented by the Baskets being created or redeemed, the amount of which is based on the combined NAV of the number of Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.
The amount of Bullion represented by the Baskets created or redeemed can only be settled to the nearest 1/1000th of an ounce per individual metal type. As a result, the value attributed to the creation or redemption of Shares may differ from the value of Bullion to be delivered or distributed by the Trust. In order to ensure that the correct amount of Bullion is available at all times to back the Shares, the Sponsor accepts an adjustment to its management fees in the event of any shortfall or excess. For each transaction, this amount is not more than 1/1000th of an ounce per individual metal type.
Authorized Participants may, on any business day, place an order with the Trustee to create or redeem one or more Baskets. The typical settlement period for Shares is three business days. In the event of a trade date at period end, where a settlement is pending, a respective account receivable and/or payable will be recorded. When Bullion is exchanged in settlement of a redemption, it is considered a sale of Bullion for financial statement purposes.
The Shares of the Trust are classified as “Redeemable Shares” for financial statement purposes, since they are subject to redemption at the option of Authorized Participants. Outstanding Shares are reflected at redemption value, which represents the maximum obligation (based on NAV per Share), with the difference from historical cost recorded as an offsetting amount to retained earnings. When Bullion is exchanged in settlement of a redemption, a realized gain or loss in the amount of the difference between the fair value on the trade date and the historical cost is recorded through the Condensed Statement of Operations.
Changes in the Shares for the year ended December 31, 2013 is set out below:
		Year
		Ended
(Amounts in 000's of US$, except for Share and per Share data)		31-Dec-13
Number of Redeemable Shares
Opening balance			2,200,000
Creations			2,050,000
Redemptions			-300,000
Closing balance			3,950,000
Redeemable Shares
Opening balance		$	202,243
Creations			149,235
Redemptions			-20,607
Adjustment to redemption value			-70,513
Closing balance		$	260,358
Redemption value per Share at period end		$	65.91
2.5.  Revenue Recognition Policy
The primary expense of the Trust is the Sponsor’s Fee, which is paid by the Trust through in-kind transfers of Bullion to the Sponsor. With respect to expenses not otherwise assumed by the Sponsor, the Trustee will, at the direction of the Sponsor or in its own discretion, sell the Trust’s Bullion as necessary to pay these expenses. When selling Bullion to pay expenses, the Trustee will endeavor to sell the smallest amounts of Bullion needed to pay these expenses in order to minimize the Trust’s holdings of assets other than Bullion.    Other than the Sponsor’s Fee, the Trust had no expenses during the quarter ended March 31, 2014.
Unless otherwise directed by the Sponsor, when selling Bullion the Trustee will endeavor to sell at the price established by the London Fix for each metal held by the Trust. The Trustee will place orders with dealers (which may include the Custodian) through which the Trustee expects to receive the most favorable price and execution of orders. The Custodian may be the purchaser of such Bullion only if the sale transaction is made at the London Fix for each metal held by the Trust used by the Trustee to value the Trust’s Bullion. A gain or loss is recognized based on the difference between the selling price and the cost of the Bullion sold. Neither the Trustee nor the Sponsor is liable for depreciation or loss incurred by reason of any sale.
2.6.  Income Taxes
The Trust is classified as a “grantor trust” for U.S. federal income tax purposes. As a result, the Trust itself will not be subject to U.S. federal income tax. Instead, the Trust’s income and expenses will “flow through” to the Shareholders, and the Trustee will report the Trust’s proceeds, income, deductions, gains, and losses to the Internal Revenue Service on that basis.
The Sponsor has evaluated whether or not there are uncertain tax positions that require financial statement recognition and has determined that no reserves for uncertain tax positions are required as of March 31, 2014 and December 31, 2013.
2.7.  Investment in Bullion
Changes in ounces of Bullion and the respective values for the three months ended March 31, 2014 and for the year ended December 31, 2013 are set out below:
	Three months ended March 31, 2014
(Amounts in 000's of US$, except for ounces data)		Gold			Silver			Platinum			Palladium		Total
Ounces of Bullion:
Opening balance		116,295.9			4,264,181.5			15,506.1			23,259.1		4,419,242.6
Creations		7,350.5			269,518.3			980.1			1,470.1		279,319.0
Redemptions		-44,121.90			-1,617,802.00			-5,882.90			-8,824.40		-1,676,631.20
Transfers of Bullion to pay expenses		-144.9			-5,313.20			-19.3			-29		-5,506.40
Closing balance		79,379.6			2,910,584.6			10,584.0			15,875.8		3,016,424.0
Investment in Bullion:
Opening balance	$	139,729		$	83,152		$	21,057		$	16,538	$	260,476
Creations		9,629			5,622			1,416			1,108		17,775
Redemptions		-53,022			-31,548			-7,993			-6,069		-98,632
Transfers of Bullion to pay expenses		-174			-104			-26			-20		-324
Change in unrealized gain on investment Bullion		6,377			1,002			554			794		8,727
Closing balance	$	102,539		$	58,124		$	15,008		$	12,351	$	188,022
	Year ended December 31, 2013
(Amounts in 000's of US$, except for ounces data)		Gold			Silver			Platinum			Palladium		Total
Ounces of Bullion:
Opening balance		65,167.3			2,389,467.4			8,689.0			13,033.4		2,476,357.1
Creations		60,409.7			2,215,021.8			8,054.6			12,081.9		2,295,568.0
Redemptions		-8,837.90			-324,057.50			-1,178.40			-1,767.60		-335,841.40
Transfers of Bullion to pay expenses		-443.2			-16,250.20			-59.1			-88.6		-16,841.10
Closing balance		116,295.9			4,264,181.5			15,506.1			23,259.1		4,419,242.6
Investment in Bullion:
Opening balance	$	96,337		$	68,562		$	12,213		$	8,315	$	185,427
Creations		80,050			48,772			11,510			8,904		149,236
Redemptions		-12,888			-8,869			-1,683			-1,177		-24,617
Transfers of Bullion to pay expenses		-660			-464			-84			-58		-1,266
Realized loss on investment in Bullion		-23,110			-24,849			-899			-		-48,858
Closing balance	$	139,729		$	83,152		$	21,057		$	15,984	$	259,922
2.8. Expenses
The Trust will transfer Bullion to the Sponsor to pay the Sponsor’s Fee that will accrue daily at an annualized rate equal to 0.60% of the adjusted net asset value (the “ANAV) of the Trust, paid monthly in arrears.
The Sponsor has agreed to assume administrative and marketing expenses incurred by the Trust, including the Trustee’s monthly fee and out of pocket expenses, the Custodian’s fee and the reimbursement of the Custodian’s expenses, exchange listing fees, United States Securities and Exchange Commission (the “SEC”) registration fees, printing and mailing costs, audit fees and certain legal expenses.
For the three months ended March 31, 2014 and 2013 the Sponsor’s Fee was $311,080 and $314,846, respectively.  At March 31, 2014 and at December 31, 2013, the fees payable to the Sponsor were $94,128 and $116,994, respectively.
2.9. Subsequent Events
In accordance with the provisions set forth in FASB ASC 855-10, Subsequent Events, the Trust’s management has evaluated the possibility of subsequent events existing in the Trust’s financial statements through the filing date. During this period, no material subsequent events were identified.

Related_Parties

Related Parties	3 Months Ended
	Mar. 31, 2014
Related Parties [Abstract]	'
Related Parties	'
	3. Related Parties
	The Sponsor and the Trustee are considered to be related parties to the Trust. The Trustee’s and Custodian’s fees are paid by the Sponsor and are not separate expenses of the Trust. The Trustee and the Custodian and their affiliates may from time to time act as Authorized Participants and purchase or sell Shares for their own account, as agent for their customers and for accounts over which they exercise investment discretion.  In addition the Trustee and the Custodian and their affiliates may from time to time purchase or sell Bullion directly, for their own account, as agent for their customers and for accounts over which they exercise investment discretion.

Concentration_Of_Risk

Concentration Of Risk	3 Months Ended
	Mar. 31, 2014
Concentration Of Risk [Abstract]	'
Concentration Of Risk	'
	4. Concentration of Risk
	The Trust’s sole business activity is the investment in Bullion, and substantially all the Trust’s assets are holdings of Bullion which creates a concentration risk associated with fluctuations in the price of Bullion. Several factors could affect the price of Bullion, including: (i) global Bullion supply and demand, which is influenced by factors such as general changes in economic conditions, such as a recession or other economic downturn, recycling, autocatalyst demand, industrial demand, jewelry demand and investment demand, central bank purchases and sales, and production and cost levels in major Bullion-producing countries; (ii) investors’ expectations with respect to the rate of inflation; (iii) currency exchange rates; (iv) interest rates; (v) investment and trading activities of hedge funds and commodity funds; and (vi) global or regional political, economic or financial events and situations. In addition, there is no assurance that Bullion will maintain its long-term value in terms of purchasing power in the future. In the event that the price of Bullion declines, the Sponsor expects the value of an investment in the Shares to decline proportionately. Each of these events could have a material effect on the Trust’s financial position and results of operations.

Indemnification

Indemnification	3 Months Ended
	Mar. 31, 2014
Indemnification [Abstract]	'
Indemnification	'
	5. Indemnification
	Under the Trust’s organizational documents, the Trustee (and its directors, employees and agents) and the Sponsor (and its members, managers, directors, officers, employees and affiliates) are indemnified by the Trust against any liability, cost or expense it incurs without gross negligence, bad faith or willful misconduct on its part and without reckless disregard on its part of its obligations and duties under the Trust’s organizational documents. The Trust’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Trust that have not yet occurred.

Significant_Accounting_Policie1

Significant Accounting Policies (Policy)	3 Months Ended
	Mar. 31, 2014
Significant Accounting Policies [Abstract]	'
Basis Of Accounting	'
	2.1. Basis of Accounting
	Since the Trust’s inception, the Sponsor determined that the Trust was not an investment company within the scope of Financial Accounting Standards Board (“FASB”) Codification of Accounting Standards, Topic 946, Financial Services—Investment Companies (“Topic 946”).  Consequently, the Trust did not prepare the disclosures applicable to investment companies under Topic 946, including the presentation of its Bullion assets at “fair value” as defined in Topic 946.  Instead, the Trust recorded its Bullion assets at the lower of cost or fair value in accordance with ASC 330, Inventory and ASC 270, Interim Reporting.
	Following the release of FASB Accounting Standards Update ASU 2013-08, Financial Services—Investments Companies (Topic 946): Amendments to the Scope, Measurement and Disclosure Requirements, the Sponsor has re-evaluated whether the Trust falls within scope and has concluded that for reporting purposes, the Trust is classified as an investment company effective January 1, 2014.  The Trust is not registered as an investment company under the Investment Company Act of 1940 and is not required to register under such act.
	As a result of the change in the evaluation of investment company status, the Trust must, from January 1, 2014, present its Bullion assets at “fair value” as defined in Topic 946.
	The adoption of Topic 946 accounting changed the presentation of the Trust’s financial statements prospectively from January 1, 2014 (the date of the adoption), the most significant aspects of which are as follows:
		1	Presentation of prior year information has been conformed to the current year accounting standards in the Condensed Statement of Assets and Liabilities and Condensed Statement of Operations.  A Condensed Statement of Changes in Net Assets is required and has been presented for the three month period ended March 31, 2014.
		2	A Schedule of Investments is required for the period ended March 31, 2014.  The Schedule has also been included as of December 31, 2013, for comparative presentation.
		3	Financial Highlights are required for the period ended March 31, 2014.
		4	As the Trust meets the exemption criteria under Topic 946, a cash flow statement is not required for the period ended March 31, 2014.  Since the adoption of the new accounting principle is prospective, the prior year statement of cash flows is still presented.
		5	Required disclosures under Topic 820, Fair Value Measurements, have been included in the footnotes to the financial statements as of March 31, 2014.  December 31, 2013 disclosures have also been included for comparative purposes.
	The quantitative effect of the adoption of investment company accounting is presented below:
	Quantitative effect of adoption of investment company accounting
			Value at						Gain / (loss)
			31-Dec-13			Value at			as a result of
			at lower of cost			1-Jan-14			change in
	(Amounts in 000's of US$)		or market value			at fair value			accounting principle
	Bullion
	Gold		$	139,729		$	139,729		$	-
	Silver		$	83,152		$	83,152		$	-
	Platinum		$	21,057		$	21,057		$	-
	Palladium		$	15,984		$	16,538		$	554
Valuation Of Bullion	'
	2.2.  Valuation of Bullion
	Bullion is held by JPMorgan Chase Bank, N.A. (the “Custodian”), on behalf of the Trust, at its London, England vaulting premises on a segregated basis. The allocated platinum and palladium may also be held by UBS AG, or any other firm selected by the Custodian to hold the Trust’s platinum and palladium in the Trust’s allocated account in the firm’s Zurich vault premises on a segregated basis and whose appointment has been approved by the Sponsor, (the “Zurich Sub-Custodian”) at its Zurich, Switzerland vaulting premises on a segregated basis. The Trust’s Bullion is valued, per individual metal type, for financial statement purposes, at fair value. The cost of Bullion is determined according to the average cost method and the fair value is based on the “London Fix” (the applicable fix for each metal of the price of an ounce of such metal and is performed in London, England by fixing members of the London Bullion Market Association (“LBMA”) or London Platinum and Palladium Market (“LPPM”), as applicable) for each metal held by the Trust used to determine the net asset value (the “NAV”) of the Trust. Realized gains and losses on transfers of Bullion, or Bullion distributed for the redemption of Shares, are calculated on a trade date basis using cost.
	The Fund follows the provisions of ASC 820, Fair Value Measurements and Disclosures ("ASC 820"). ASC 820 provides guidance for determining fair value and requires increased disclosure regarding the inputs to valuation techniques used to measure fair value. ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
	Once the value of Bullion has been determined, the NAV is computed by the Trustee by deducting all accrued fees, expenses and other liabilities of the Trust, including the remuneration due to the Sponsor (the “Sponsor’s Fee”), from the fair value of the Bullion and all other assets held by the Trust.
	The table below summarizes the unrealized gains or losses on the Trust’s Bullion holdings as of March 31, 2014 and December 31, 2013:
		31-Mar-14
			Gold			Silver			Platinum			Palladium		Total
	(Amounts in 000's of US$)
	Investment in Bullion - cost	$	96,162		$	57,122		$	14,454		$	11,003	$	178,741
	Unrealized gain on investment in Bullion		6,377			1,002			554			1,348		9,281
	Investment in Bullion - fair value	$	102,539		$	58,124		$	15,008		$	12,351	$	188,022
		31-Dec-13
			Gold			Silver			Platinum			Palladium		Total
	(Amounts in 000's of US$)
	Investment in Bullion - cost	$	139,729		$	83,152		$	21,057		$	15,984	$	259,922
	Unrealized gain on investment in Bullion		-			-			-			554		554
	Investment in Bullion - fair value	$	139,729		$	83,152		$	21,057		$	16,538	$	260,476
	Effective January 1, 2014, the Trust records its investment in Bullion at fair value and recognizes changes in fair value of the investment in Bullion as changes in unrealized gains or losses on investment in Bullion through the Statement of Operations.
	Prior to 2014, the Trust recognized the movements in value of the investment in Bullion arising from market declines on an interim basis. Increases in the value of the investment in Bullion through market price recoveries in later interim periods of the same fiscal year were recognized in the later interim period. Increases in value recognized on an interim basis were not permitted to exceed the previously recognized diminution in value.  Unrealized losses at December 31, 2013 were crystallized as realized losses, and the average cost of gold, silver and platinum was written down to market value.
	The per Share amount of Bullion exchanged for a purchase or redemption is calculated daily by the Trustee, using the London Fix for each metal held by the Trust to calculate the Bullion amount in respect of any liabilities for which covering Bullion sales have not yet been made, and represents the per Share amount of Bullion held by the Trust, after giving effect to its liabilities, to cover expenses and liabilities and any losses that may have occurred.
	2.2.  Valuation of Bullion (continued)
	Fair Value Hierarchy
	Inputs
	Generally accepted accounting principles establish a hierarchy that prioritizes inputs to valuation techniques used to measure fair value. The three levels of inputs are as follows:
	–	Level 1.	Unadjusted quoted prices in active markets for identical assets or liabilities that the company has the ability to access.
	–	Level 2.	Observable inputs other than quoted prices included in level 1 that are observable for the asset or liability either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments and similar data.
	–	Level 3.	Unobservable inputs for the asset or liability to the extent that relevant observable inputs are not available, representing the company’s own assumptions about the assumptions that a market participant would use in valuing the asset or liability, and that would be based on the best information available.
	To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in level 3.
	The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement in its entirety.
	The Trust’s contractual obligation is to create or redeem Baskets with Authorized Participants at set prices on each trading day.  These prices are based on an agreed formula published in the prospectus, which is equal to the net asset value of the Trust.  Therefore, the investment in Bullion is classified as a level 2 asset, as the Trust’s investment in Bullion is calculated using third party pricing sources supported by observable, verifiable inputs.
	The categorization of the Trust’s assets is as shown below:
	Fair value hierarchy
	(Amounts in 000's of US$)		31-Mar-14			31-Dec-13
	Level 2
	Investment in Bullion		$	188,022		$	260,476
Bullion Receivable And Payable	'
	2.3. Bullion Receivable and Payable
	Bullion receivable or payable represents the quantity of Bullion covered by contractually binding orders for the creation or redemption of Shares respectively, where the Bullion has not yet been transferred to or from the Trust’s account. Generally, ownership of the Bullion is transferred within three business days of the trade date.
	There was no Bullion receivable or payable at March 31, 2014 and December 31, 2013 .
Creations And Redemptions Of Shares	'
	2.4.  Creations and Redemptions of Shares
	The Trust expects to create and redeem Shares from time to time, but only in one or more Baskets. The Trust issues Shares in Baskets to Authorized Participants on an ongoing basis. Individual investors cannot purchase or redeem Shares in direct transactions with the Trust. An Authorized Participant is a person who (1) is a registered broker-dealer or other securities market participant such as a bank or other financial institution which is not required to register as a broker-dealer to engage in securities transactions, (2) is a participant in The Depository Trust Company, (3) has entered into an Authorized Participant Agreement with the Trustee and the Sponsor, and (4) has established an Authorized Participant Unallocated Account with the Trust’s Custodian or other Bullion clearing bank. An Authorized Participant Agreement is an agreement entered into by each Authorized Participant, the Sponsor and the Trustee which provides the procedures for the creation and redemption of Baskets and for the delivery of the Bullion required for such creations and redemptions. An Authorized Participant Unallocated Account is an unallocated Bullion account, either loco London or loco Zurich, established with the Custodian or a Bullion clearing bank by an Authorized Participant.
	The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of Bullion represented by the Baskets being created or redeemed, the amount of which is based on the combined NAV of the number of Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.
	The amount of Bullion represented by the Baskets created or redeemed can only be settled to the nearest 1/1000th of an ounce per individual metal type. As a result, the value attributed to the creation or redemption of Shares may differ from the value of Bullion to be delivered or distributed by the Trust. In order to ensure that the correct amount of Bullion is available at all times to back the Shares, the Sponsor accepts an adjustment to its management fees in the event of any shortfall or excess. For each transaction, this amount is not more than 1/1000th of an ounce per individual metal type.
	Authorized Participants may, on any business day, place an order with the Trustee to create or redeem one or more Baskets. The typical settlement period for Shares is three business days. In the event of a trade date at period end, where a settlement is pending, a respective account receivable and/or payable will be recorded. When Bullion is exchanged in settlement of a redemption, it is considered a sale of Bullion for financial statement purposes.
	The Shares of the Trust are classified as “Redeemable Shares” for financial statement purposes, since they are subject to redemption at the option of Authorized Participants. Outstanding Shares are reflected at redemption value, which represents the maximum obligation (based on NAV per Share), with the difference from historical cost recorded as an offsetting amount to retained earnings. When Bullion is exchanged in settlement of a redemption, a realized gain or loss in the amount of the difference between the fair value on the trade date and the historical cost is recorded through the Condensed Statement of Operations.
	Changes in the Shares for the year ended December 31, 2013 is set out below:
			Year
			Ended
	(Amounts in 000's of US$, except for Share and per Share data)		31-Dec-13
	Number of Redeemable Shares
	Opening balance			2,200,000
	Creations			2,050,000
	Redemptions			-300,000
	Closing balance			3,950,000
	Redeemable Shares
	Opening balance		$	202,243
	Creations			149,235
	Redemptions			-20,607
	Adjustment to redemption value			-70,513
	Closing balance		$	260,358
	Redemption value per Share at period end		$	65.91
Revenue Recognition Policy	'
	2.5.  Revenue Recognition Policy
	The primary expense of the Trust is the Sponsor’s Fee, which is paid by the Trust through in-kind transfers of Bullion to the Sponsor. With respect to expenses not otherwise assumed by the Sponsor, the Trustee will, at the direction of the Sponsor or in its own discretion, sell the Trust’s Bullion as necessary to pay these expenses. When selling Bullion to pay expenses, the Trustee will endeavor to sell the smallest amounts of Bullion needed to pay these expenses in order to minimize the Trust’s holdings of assets other than Bullion.    Other than the Sponsor’s Fee, the Trust had no expenses during the quarter ended March 31, 2014.
	Unless otherwise directed by the Sponsor, when selling Bullion the Trustee will endeavor to sell at the price established by the London Fix for each metal held by the Trust. The Trustee will place orders with dealers (which may include the Custodian) through which the Trustee expects to receive the most favorable price and execution of orders. The Custodian may be the purchaser of such Bullion only if the sale transaction is made at the London Fix for each metal held by the Trust used by the Trustee to value the Trust’s Bullion. A gain or loss is recognized based on the difference between the selling price and the cost of the Bullion sold. Neither the Trustee nor the Sponsor is liable for depreciation or loss incurred by reason of any sale.
Income Taxes	'
	2.6.  Income Taxes
	The Trust is classified as a “grantor trust” for U.S. federal income tax purposes. As a result, the Trust itself will not be subject to U.S. federal income tax. Instead, the Trust’s income and expenses will “flow through” to the Shareholders, and the Trustee will report the Trust’s proceeds, income, deductions, gains, and losses to the Internal Revenue Service on that basis.
	The Sponsor has evaluated whether or not there are uncertain tax positions that require financial statement recognition and has determined that no reserves for uncertain tax positions are required as of March 31, 2014 and December 31, 2013.
Investment In Bullion	'
	2.7.  Investment in Bullion
	Changes in ounces of Bullion and the respective values for the three months ended March 31, 2014 and for the year ended December 31, 2013 are set out below:
		Three months ended March 31, 2014
	(Amounts in 000's of US$, except for ounces data)		Gold			Silver			Platinum			Palladium		Total
	Ounces of Bullion:
	Opening balance		116,295.9			4,264,181.5			15,506.1			23,259.1		4,419,242.6
	Creations		7,350.5			269,518.3			980.1			1,470.1		279,319.0
	Redemptions		-44,121.90			-1,617,802.00			-5,882.90			-8,824.40		-1,676,631.20
	Transfers of Bullion to pay expenses		-144.9			-5,313.20			-19.3			-29		-5,506.40
	Closing balance		79,379.6			2,910,584.6			10,584.0			15,875.8		3,016,424.0
	Investment in Bullion:
	Opening balance	$	139,729		$	83,152		$	21,057		$	16,538	$	260,476
	Creations		9,629			5,622			1,416			1,108		17,775
	Redemptions		-53,022			-31,548			-7,993			-6,069		-98,632
	Transfers of Bullion to pay expenses		-174			-104			-26			-20		-324
	Change in unrealized gain on investment Bullion		6,377			1,002			554			794		8,727
	Closing balance	$	102,539		$	58,124		$	15,008		$	12,351	$	188,022
		Year ended December 31, 2013
	(Amounts in 000's of US$, except for ounces data)		Gold			Silver			Platinum			Palladium		Total
	Ounces of Bullion:
	Opening balance		65,167.3			2,389,467.4			8,689.0			13,033.4		2,476,357.1
	Creations		60,409.7			2,215,021.8			8,054.6			12,081.9		2,295,568.0
	Redemptions		-8,837.90			-324,057.50			-1,178.40			-1,767.60		-335,841.40
	Transfers of Bullion to pay expenses		-443.2			-16,250.20			-59.1			-88.6		-16,841.10
	Closing balance		116,295.9			4,264,181.5			15,506.1			23,259.1		4,419,242.6
	Investment in Bullion:
	Opening balance	$	96,337		$	68,562		$	12,213		$	8,315	$	185,427
	Creations		80,050			48,772			11,510			8,904		149,236
	Redemptions		-12,888			-8,869			-1,683			-1,177		-24,617
	Transfers of Bullion to pay expenses		-660			-464			-84			-58		-1,266
	Realized loss on investment in Bullion		-23,110			-24,849			-899			-		-48,858
	Closing balance	$	139,729		$	83,152		$	21,057		$	15,984	$	259,922
Expenses	'
	2.8. Expenses
	The Trust will transfer Bullion to the Sponsor to pay the Sponsor’s Fee that will accrue daily at an annualized rate equal to 0.60% of the adjusted net asset value (the “ANAV) of the Trust, paid monthly in arrears.
	The Sponsor has agreed to assume administrative and marketing expenses incurred by the Trust, including the Trustee’s monthly fee and out of pocket expenses, the Custodian’s fee and the reimbursement of the Custodian’s expenses, exchange listing fees, United States Securities and Exchange Commission (the “SEC”) registration fees, printing and mailing costs, audit fees and certain legal expenses.
	For the three months ended March 31, 2014 and 2013 the Sponsor’s Fee was $311,080 and $314,846, respectively.  At March 31, 2014 and at December 31, 2013, the fees payable to the Sponsor were $94,128 and $116,994, respectively.
Subsequent Events	'
	2.9. Subsequent Events
	In accordance with the provisions set forth in FASB ASC 855-10, Subsequent Events, the Trust’s management has evaluated the possibility of subsequent events existing in the Trust’s financial statements through the filing date. During this period, no material subsequent events were identified.

Significant_Accounting_Policie2

Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2014
Significant Accounting Policies [Abstract]	'
Quantitative Effect Of Adoption Of Investment Company Accounting	'
	Quantitative effect of adoption of investment company accounting
			Value at						Gain / (loss)
			31-Dec-13			Value at			as a result of
			at lower of cost			1-Jan-14			change in
	(Amounts in 000's of US$)		or market value			at fair value			accounting principle
	Bullion
	Gold		$	139,729		$	139,729		$	-
	Silver		$	83,152		$	83,152		$	-
	Platinum		$	21,057		$	21,057		$	-
	Palladium		$	15,984		$	16,538		$	554
Schedule Of Unrealized Gains Or Losses On The Trust's Bullion Holdings	'
		31-Mar-14
			Gold			Silver			Platinum			Palladium		Total
	(Amounts in 000's of US$)
	Investment in Bullion - cost	$	96,162		$	57,122		$	14,454		$	11,003	$	178,741
	Unrealized gain on investment in Bullion		6,377			1,002			554			1,348		9,281
	Investment in Bullion - fair value	$	102,539		$	58,124		$	15,008		$	12,351	$	188,022
		31-Dec-13
			Gold			Silver			Platinum			Palladium		Total
	(Amounts in 000's of US$)
	Investment in Bullion - cost	$	139,729		$	83,152		$	21,057		$	15,984	$	259,922
	Unrealized gain on investment in Bullion		-			-			-			554		554
	Investment in Bullion - fair value	$	139,729		$	83,152		$	21,057		$	16,538	$	260,476
Categorization Of The Trust's Assets	'
	Fair value hierarchy
	(Amounts in 000's of US$)		31-Mar-14			31-Dec-13
	Level 2
	Investment in Bullion		$	188,022		$	260,476
Schedule Of Redeemable Capital Shares	'
			Year
			Ended
	(Amounts in 000's of US$, except for Share and per Share data)		31-Dec-13
	Number of Redeemable Shares
	Opening balance			2,200,000
	Creations			2,050,000
	Redemptions			-300,000
	Closing balance			3,950,000
	Redeemable Shares
	Opening balance		$	202,243
	Creations			149,235
	Redemptions			-20,607
	Adjustment to redemption value			-70,513
	Closing balance		$	260,358
	Redemption value per Share at period end		$	65.91
Schedule Of Investment In Bullion	'
		Three months ended March 31, 2014
	(Amounts in 000's of US$, except for ounces data)		Gold			Silver			Platinum			Palladium		Total
	Ounces of Bullion:
	Opening balance		116,295.9			4,264,181.5			15,506.1			23,259.1		4,419,242.6
	Creations		7,350.5			269,518.3			980.1			1,470.1		279,319.0
	Redemptions		-44,121.90			-1,617,802.00			-5,882.90			-8,824.40		-1,676,631.20
	Transfers of Bullion to pay expenses		-144.9			-5,313.20			-19.3			-29		-5,506.40
	Closing balance		79,379.6			2,910,584.6			10,584.0			15,875.8		3,016,424.0
	Investment in Bullion:
	Opening balance	$	139,729		$	83,152		$	21,057		$	16,538	$	260,476
	Creations		9,629			5,622			1,416			1,108		17,775
	Redemptions		-53,022			-31,548			-7,993			-6,069		-98,632
	Transfers of Bullion to pay expenses		-174			-104			-26			-20		-324
	Change in unrealized gain on investment Bullion		6,377			1,002			554			794		8,727
	Closing balance	$	102,539		$	58,124		$	15,008		$	12,351	$	188,022
		Year ended December 31, 2013
	(Amounts in 000's of US$, except for ounces data)		Gold			Silver			Platinum			Palladium		Total
	Ounces of Bullion:
	Opening balance		65,167.3			2,389,467.4			8,689.0			13,033.4		2,476,357.1
	Creations		60,409.7			2,215,021.8			8,054.6			12,081.9		2,295,568.0
	Redemptions		-8,837.90			-324,057.50			-1,178.40			-1,767.60		-335,841.40
	Transfers of Bullion to pay expenses		-443.2			-16,250.20			-59.1			-88.6		-16,841.10
	Closing balance		116,295.9			4,264,181.5			15,506.1			23,259.1		4,419,242.6
	Investment in Bullion:
	Opening balance	$	96,337		$	68,562		$	12,213		$	8,315	$	185,427
	Creations		80,050			48,772			11,510			8,904		149,236
	Redemptions		-12,888			-8,869			-1,683			-1,177		-24,617
	Transfers of Bullion to pay expenses		-660			-464			-84			-58		-1,266
	Realized loss on investment in Bullion		-23,110			-24,849			-899			-		-48,858
	Closing balance	$	139,729		$	83,152		$	21,057		$	15,984	$	259,922

Organization_Details

Organization (Details)	3 Months Ended
	Mar. 31, 2014
Organization [Abstract]	'
Minimum block of shares issued redeemed against bullion	50,000

Significant_Accounting_Policie3

Significant Accounting Policies (Narrative) (Details) (USD $)	3 Months Ended
	Mar. 31, 2014		Mar. 31, 2013	Dec. 31, 2013
Significant Accounting Policies [Abstract]	'		'	'
Bullion receivable at market value	$0		'	$0
Annualized rate of Sponsors Fee	0.60%	[1]	'	'
Sponsor Fees	311,080		314,846	'
Fees payable to Sponsor	$94,128		'	$116,994
[1]	Effective January 1, 2014, the Trust has adopted the provisions of Topic 946, Investment Companies, and follows specialized accounting. Refer to Note 2.1 for additional information.

Significant_Accounting_Policie4

Significant Accounting Policies (Quantitative Effect Of Adoption Of Investment Company Accounting) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Jan. 02, 2014	Dec. 31, 2013		Dec. 31, 2012
New Accounting Pronouncements or Change in Accounting Principle [Line Items]	'		'	'		'
Value at December 31, 2013 at lower of cost or market value	'		'	$259,922		$185,427
Value at January 1, 2014	188,022		'	260,476		'
Gold [Member]	'		'	'		'
New Accounting Pronouncements or Change in Accounting Principle [Line Items]	'		'	'		'
Value at December 31, 2013 at lower of cost or market value	'		'	139,729	[1],[2]	96,337
Value at January 1, 2014	102,539	[1],[3]	139,729	139,729		'
Gain / (loss) as a result of change in accounting treatment	0		'	'		'
Silver [Member]	'		'	'		'
New Accounting Pronouncements or Change in Accounting Principle [Line Items]	'		'	'		'
Value at December 31, 2013 at lower of cost or market value	'		'	83,152	[1],[2]	68,562
Value at January 1, 2014	58,124	[1],[3]	83,152	83,152		'
Gain / (loss) as a result of change in accounting treatment	0		'	'		'
Platinum [Member]	'		'	'		'
New Accounting Pronouncements or Change in Accounting Principle [Line Items]	'		'	'		'
Value at December 31, 2013 at lower of cost or market value	'		'	21,057	[1],[2]	12,213
Value at January 1, 2014	15,008	[1],[3]	21,057	21,057		'
Gain / (loss) as a result of change in accounting treatment	0		'	'		'
Palladium [Member]	'		'	'		'
New Accounting Pronouncements or Change in Accounting Principle [Line Items]	'		'	'		'
Value at December 31, 2013 at lower of cost or market value	'		'	15,984	[1],[2]	8,315
Value at January 1, 2014	12,351	[1],[3]	16,538	16,538		'
Gain / (loss) as a result of change in accounting treatment	$554		'	'		'
[1]	At March 31, 2014, Bullion is recorded at fair value. At December 31, 2013, Bullion was recorded at the lower of cost or market value. Refer to Note 2.1 for a breakdown of average cost and fair value per metal.
[2]	Derived from audited Statement of Financial Condition as of December 31, 2013.
[3]	Effective January 1, 2014, the Trust has adopted the provisions of Topic 946, Investment Companies, and follows specialized accounting. Refer to Note 2.1 for additional information.

Significant_Accounting_Policie5

Significant Accounting Policies (Schedule Of Unrealized Gains Or Losses On The Trust's Bullion Holdings) (Details) (USD $)	Mar. 31, 2014		Jan. 02, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Bullion [Line Items]	'		'	'
Investment in bullion - average cost	$178,741		'	$259,922
Unrealized gain on investment in Bullion	9,281		'	554
Investment in Bullion - fair value	188,022		'	260,476
Gold [Member]	'		'	'
Bullion [Line Items]	'		'	'
Investment in bullion - average cost	96,162	[1]	'	139,729	[2]
Unrealized gain on investment in Bullion	6,377		'	0
Investment in Bullion - fair value	102,539	[1],[3]	139,729	139,729
Silver [Member]	'		'	'
Bullion [Line Items]	'		'	'
Investment in bullion - average cost	57,122	[1]	'	83,152	[2]
Unrealized gain on investment in Bullion	1,002		'	0
Investment in Bullion - fair value	58,124	[1],[3]	83,152	83,152
Platinum [Member]	'		'	'
Bullion [Line Items]	'		'	'
Investment in bullion - average cost	14,454	[1]	'	21,057	[2]
Unrealized gain on investment in Bullion	554		'	0
Investment in Bullion - fair value	15,008	[1],[3]	21,057	21,057
Palladium [Member]	'		'	'
Bullion [Line Items]	'		'	'
Investment in bullion - average cost	11,003	[1]	'	15,984	[2]
Unrealized gain on investment in Bullion	1,348		'	554
Investment in Bullion - fair value	$12,351	[1],[3]	$16,538	$16,538
[1]	Effective January 1, 2014, the Trust has adopted the provisions of Topic 946, Investment Companies, and follows specialized accounting. Refer to Note 2.1 for additional information.
[2]	Derived from audited Statement of Financial Condition as of December 31, 2013.
[3]	At March 31, 2014, Bullion is recorded at fair value. At December 31, 2013, Bullion was recorded at the lower of cost or market value. Refer to Note 2.1 for a breakdown of average cost and fair value per metal.

Significant_Accounting_Policie6

Significant Accounting Policies (Categorization Of The Trust's Assets) (Details) (Fair Value, Inputs, Level 2 [Member], USD $)	Mar. 31, 2014
In Thousands, unless otherwise specified
Fair Value, Inputs, Level 2 [Member]	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
Investment in Bullion	$188,022

Significant_Accounting_Policie7

Significant Accounting Policies (Schedule Of Redeemable Capital Shares) (Details) (USD $)	3 Months Ended		12 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014		Dec. 31, 2013
Significant Accounting Policies [Abstract]	'		'
Opening balance (in Shares)	3,950,000	[1]	2,200,000
Creations (in Shares)	250,000	[2]	2,050,000
Redemptions (in Shares)	-1,500,000	[2]	-300,000
Closing balance (in Shares)	2,700,000	[2]	3,950,000	[1]
Opening balance	$260,358	[1],[3]	$202,243
Creations	17,776	[2]	149,235
Redemptions	-102,078	[2]	-20,607
Adjustment to redemption value	'		-70,513
Closing balance	$187,928	[2],[3]	$260,358	[1],[3]
Redemption value per Share at period end (in Dollars per share)	'		$65.91
[1]	Derived from audited Statement of Financial Condition as of December 31, 2013.
[2]	Effective January 1, 2014, the Trust has adopted the provisions of Topic 946, Investment Companies, and follows specialized accounting. Refer to Note 2.1 for additional information.
[3]	Authorized share capital is unlimited with no par value per Share. Shares issued and outstanding at March 31, 2014 were 2,700,000 and at December 31, 2013 were 3,950,000.

Significant_Accounting_Policie8

Significant Accounting Policies (Schedule Of Investment In Bullion) (Details) (USD $)	3 Months Ended				12 Months Ended	3 Months Ended		12 Months Ended			3 Months Ended		12 Months Ended			3 Months Ended		12 Months Ended			3 Months Ended		12 Months Ended
	Mar. 31, 2014		Mar. 31, 2013		Dec. 31, 2013	Mar. 31, 2014		Dec. 31, 2013		Jan. 02, 2014	Mar. 31, 2014		Dec. 31, 2013		Jan. 02, 2014	Mar. 31, 2014		Dec. 31, 2013		Jan. 02, 2014	Mar. 31, 2014		Dec. 31, 2013		Jan. 02, 2014
	oz		oz		oz	Gold [Member]		Gold [Member]		Gold [Member]	Silver [Member]		Silver [Member]		Silver [Member]	Platinum [Member]		Platinum [Member]		Platinum [Member]	Palladium [Member]		Palladium [Member]		Palladium [Member]
						oz		oz			oz		oz			oz		oz			oz		oz
Bullion [Line Items]	'		'		'	'		'		'	'		'		'	'		'		'	'		'		'
Opening balance (in Ounces)	4,419,242.60		2,476,357.10		2,476,357.10	116,295.90		65,167.30		'	4,264,181.50		2,389,467.40		'	15,506.10		8,689		'	23,259.10		13,033.40		'
Creations (in Ounces)	279,319		'		2,295,568	7,350.50		60,409.70		'	269,518.30		2,215,021.80		'	980.1		8,054.60		'	1,470.10		12,081.90		'
Redemptions (in Ounces)	-1,676,631.20		'		-335,841.40	-44,121.90		-8,837.90		'	-1,617,802		-324,057.50		'	-5,882.90		-1,178.40		'	-8,824.40		-1,767.60		'
Transfers of Bullion to pay expenses (in Ounces)	-5,506.40		'		-16,841.10	-144.9		-443.2		'	-5,313.20		-16,250.20		'	-19.3		-59.1		'	-29		-88.6		'
Closing balance (in Ounces)	3,016,424		'		4,419,242.60	79,379.60		116,295.90		'	2,910,584.60		4,264,181.50		'	10,584		15,506.10		'	15,875.80		23,259.10		'
Investment in Bullion, fair value, opening balance	$260,476,000		'		'	$139,729,000		'		$139,729,000	$83,152,000		'		$83,152,000	$21,057,000		'		$21,057,000	$16,538,000		'		$16,538,000
Investment in Bullion, lower of cost or market value, pening balance	259,922,000		185,427,000		185,427,000	139,729,000	[1],[2]	96,337,000		'	83,152,000	[1],[2]	68,562,000		'	21,057,000	[1],[2]	12,213,000		'	15,984,000	[1],[2]	8,315,000		'
Creations	17,775,000		23,125,000		149,236,000	9,629,000		80,050,000		'	5,622,000		48,772,000		'	1,416,000		11,510,000		'	1,108,000		8,904,000		'
Redemptions	-98,632,000		'		-24,617,000	-53,022,000		-12,888,000		'	-31,548,000		-8,869,000		'	-7,993,000		-1,683,000		'	-6,069,000		-1,177,000		'
Transfers of Bullion to pay expenses	-324,000		'		-1,266,000	-174,000		-660,000		'	-104,000		-464,000		'	-26,000		-84,000		'	-20,000		-58,000		'
Change in unrealized gain on investment Bullion	8,727,000	[3]	-617,000	[4]	'	6,377,000		'		'	1,002,000		'		'	554,000		'		'	794,000		'		'
Realized loss on investment in Bullion	'		'		-48,858,000	'		-23,110,000		'	'		-24,849,000		'	'		-899,000		'	'		0		'
Investment in Bullion, fair value, closing balance	188,022,000		'		260,476,000	102,539,000	[1],[3]	139,729,000		139,729,000	58,124,000	[1],[3]	83,152,000		83,152,000	15,008,000	[1],[3]	21,057,000		21,057,000	12,351,000	[1],[3]	16,538,000		16,538,000
Investment in Bullion, lower of cost or market value, closing balance	'		'		$259,922,000	'		$139,729,000	[1],[2]	'	'		$83,152,000	[1],[2]	'	'		$21,057,000	[1],[2]	'	'		$15,984,000	[1],[2]	'
[1]	At March 31, 2014, Bullion is recorded at fair value. At December 31, 2013, Bullion was recorded at the lower of cost or market value. Refer to Note 2.1 for a breakdown of average cost and fair value per metal.
[2]	Derived from audited Statement of Financial Condition as of December 31, 2013.
[3]	Effective January 1, 2014, the Trust has adopted the provisions of Topic 946, Investment Companies, and follows specialized accounting. Refer to Note 2.1 for additional information.
[4]	Amounts are those previously reported under non investment company accounting. Refer to Note 2.1 for additional information.