World Gold Trust (GLDM) 10-Q 9 Mar 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Dec. 31, 2016	Mar. 07, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Trading Symbol	GLDW
Entity Registrant Name	World Currency Gold Trust
Entity Central Index Key	1,618,181
Current Fiscal Year End Date	--09-30
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		220,000

Statement of Financial Conditio

Statement of Financial Condition	Dec. 31, 2016USD ($)
ASSETS
Cash and cash equivalents	$ 1,000	[1]
Total Assets	1,000	[1]
Net Assets (b) (applicable to 10 Shares outstanding)	1,000	[1],[2]
SPDR Long Dollar Gold Trust [Member]
ASSETS
Cash and cash equivalents	1,000
Total Assets	1,000
Net Assets (b) (applicable to 10 Shares outstanding)	$ 1,000	[2]
[1]	The Total column represents the balances of World Currency Gold Trust and SPDR® Long Dollar Gold Trust on a combined basis.
[2]	The Trust, on behalf of the Fund, is authorized to issue an unlimited number of shares of beneficial interest without par value. 5,000,000 authorized shares to be issued upon registration.

Statement of Financial Conditi3

Statement of Financial Condition (Parenthetical) - SPDR Long Dollar Gold Trust [Member]	Dec. 31, 2016shares	[1]
Shares outstanding	10
Shares authorized	5,000,000
[1]	The Trust, on behalf of the Fund, is authorized to issue an unlimited number of shares of beneficial interest without par value. 5,000,000 authorized shares to be issued upon registration.

Statement of Operations

Statement of Operations	3 Months Ended
	Dec. 31, 2016USD ($)
Expenses
Total expenses	$ 0	[1]
Net investment gain/(loss)	0	[1]
Net income/(loss)	0	[1]
SPDR Long Dollar Gold Trust [Member]
Expenses
Total expenses	0
Net investment gain/(loss)	0
Net income/(loss)	$ 0
[1]	The Total column represents the balances of World Currency Gold Trust and SPDR® Long Dollar Gold Trust on a combined basis.

Statement of Cash Flows

Statement of Cash Flows	3 Months Ended
	Dec. 31, 2016USD ($)
RECONCILIATION OF NET INCOME/(LOSS) TO NET CASH PROVIDED BY OPERATING ACTIVITIES
Net income/(loss)	$ 0	[1]
Net cash provided by operating activities	0	[1]
NET CASH PROVIDED BY FINANCING ACTIVITIES
Sale of shares	1,000	[1]
Net cash provided by financing activities	1,000	[1]
Cash balance at beginning of period	0	[1]
Cash balance at end of period	1,000	[1]
SPDR Long Dollar Gold Trust [Member]
RECONCILIATION OF NET INCOME/(LOSS) TO NET CASH PROVIDED BY OPERATING ACTIVITIES
Net income/(loss)	0
Net cash provided by operating activities	0
NET CASH PROVIDED BY FINANCING ACTIVITIES
Sale of shares	1,000
Net cash provided by financing activities	1,000
Cash balance at beginning of period	0
Cash balance at end of period	$ 1,000
[1]	The Total column represents the balances of World Currency Gold Trust and SPDR® Long Dollar Gold Trust on a combined basis.

Statement of Changes in Net Ass

Statement of Changes in Net Assets	3 Months Ended
	Dec. 31, 2016USD ($)
Net Assets - Opening Balance	$ 0	[1]
Net investment gain/(loss)	0	[1]
Sale of shares	1,000	[1]
Net Assets - Closing Balance	1,000	[1],[2]
SPDR Long Dollar Gold Trust [Member]
Net Assets - Opening Balance	0
Net investment gain/(loss)	0
Sale of shares	1,000
Net Assets - Closing Balance	$ 1,000	[2]
[1]	The Total column represents the balances of World Currency Gold Trust and SPDR® Long Dollar Gold Trust on a combined basis.
[2]	The Trust, on behalf of the Fund, is authorized to issue an unlimited number of shares of beneficial interest without par value. 5,000,000 authorized shares to be issued upon registration.

Organization

Organization	3 Months Ended
	Dec. 31, 2016
Organization	1. Organization World Currency Gold Trust (the “Trust”) was organized as a Delaware statutory trust on August 27, 2014 and is governed by a Third Amended and Restated Agreement and Declaration of Trust (“Declaration of Trust”) dated as of January 6, 2017, between WGC USA Asset Management Company, LLC (the “Sponsor”) and the Delaware Trust Company (the “Trustee”). The Trust is authorized to issue an unlimited number of shares of beneficial interest (“Shares”). The beneficial interest in the Trust may be divided into one or more series. The Trust has established five separate series. The accompanying unaudited financial statements relate to the Trust and the SPDR ® ® non-U.S. i.e. non-U.S. BNY Mellon Asset Servicing, a division of The Bank of New York Mellon, or “BNYM”, is the Administrator and Transfer Agent of the Fund. BNYM also serves as the custodian of the Fund’s cash, if any. HSBC Bank plc (the “Custodian”) is responsible for custody of the Fund’s gold bullion. Merrill Lynch International is the Gold Delivery Provider to the Fund. State Street Global Markets, LLC is the marketing agent of the Fund. Solactive AG has licensed the Index to the Sponsor for use with the Fund. Capitalized terms used but not defined herein shall have meaning as set forth in the Declaration of Trust.
SPDR Long Dollar Gold Trust [Member]
Organization	1. Organization World Currency Gold Trust (the “Trust”) was organized as a Delaware statutory trust on August 27, 2014 and is governed by a Third Amended and Restated Agreement and Declaration of Trust (“Declaration of Trust”) dated as of January 6, 2017, between WGC USA Asset Management Company, LLC (the “Sponsor”) and the Delaware Trust Company (the “Trustee”). The Trust is authorized to issue an unlimited number of shares of beneficial interest (“Shares”). The beneficial interest in the Trust may be divided into one or more series. The Trust has established five separate series. The accompanying unaudited financial statements relate to the Trust and the SPDR ® ® non-U.S. i.e. non-U.S. BNY Mellon Asset Servicing, a division of The Bank of New York Mellon, or “BNYM”, is the Administrator and Transfer Agent of the Fund. BNYM also serves as the custodian of the Fund’s cash, if any. HSBC Bank plc (the “Custodian”) is responsible for custody of the Fund’s gold bullion. Merrill Lynch International is the Gold Delivery Provider to the Fund. State Street Global Markets, LLC is the marketing agent of the Fund. Solactive AG has licensed the Index to the Sponsor for use with the Fund. Capitalized terms used but not defined herein shall have meaning as set forth in the Declaration of Trust.

Significant accounting policies

Significant accounting policies	3 Months Ended
	Dec. 31, 2016
Significant accounting policies	2. Significant accounting policies The following is a summary of significant accounting policies. 2.1 Basis of Accounting The accompanying unaudited financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”), which require management to make certain estimates and assumptions that affect the reported amounts and disclosures in the unaudited financial statements. Actual results could differ from those estimates. 2.2 Cash and cash equivalents Cash and cash equivalents include highly liquid investments of sufficient credit quality with original maturity of three months or less. 2.3 Income Taxes The Fund should be classified as a “grantor trust” for U.S. federal income tax purposes. As a result, the Fund will not be subject to U.S. federal income tax. Instead, the Fund’s income and expenses will “flow through” to the Shareholders, and the Administrator will report the Fund’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 December 31, 2016. 2.4 Emerging Growth Company qualification The Trust is an “emerging growth company” as defined in the JOBS Act, and as such, is permitted to meet reduced public company reporting requirements.
SPDR Long Dollar Gold Trust [Member]
Significant accounting policies	2. Significant accounting policies The following is a summary of significant accounting policies. 2.1 Basis of Accounting The accompanying unaudited financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”), which require management to make certain estimates and assumptions that affect the reported amounts and disclosures in the unaudited financial statements. Actual results could differ from those estimates. 2.2 Cash and cash equivalents Cash and cash equivalents include highly liquid investments of sufficient credit quality with original maturity of three months or less. 2.3 Income Taxes The Fund should be classified as a “grantor trust” for U.S. federal income tax purposes. As a result, the Fund will not be subject to U.S. federal income tax. Instead, the Fund’s income and expenses will “flow through” to the Shareholders, and the Administrator will report the Fund’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 December 31, 2016. 2.4 Emerging Growth Company qualification The Trust is an “emerging growth company” as defined in the JOBS Act, and as such, is permitted to meet reduced public company reporting requirements.

Investment Company Status

Investment Company Status	3 Months Ended
	Dec. 31, 2016
Investment Company Status	3. Investment Company Status The Fund is an investment company in accordance with U.S. GAAP and follows the accounting and reporting guidance according to Accounting Standards Codification Topic 946.
SPDR Long Dollar Gold Trust [Member]
Investment Company Status	3. Investment Company Status The Fund is an investment company in accordance with U.S. GAAP and follows the accounting and reporting guidance according to Accounting Standards Codification Topic 946.

Accounting for Investment in Go

Accounting for Investment in Gold	3 Months Ended
	Dec. 31, 2016
Accounting for Investment in Gold	4. Accounting for Investment in Gold The Fund’s policy is to value the investment in gold bullion at fair value. U.S. GAAP defines fair value as the price the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. The Fund’s assets will consist of allocated gold bullion and, from time to time, cash, which is used to pay expenses. The Administrator will value the gold held by the Fund on the basis of the price of an ounce of gold as determined by ICE Benchmark Administration Limited (“IBA”), a benchmark administrator, which provides an independently administered auction process, as well as the overall administration and governance for the LBMA Gold Price. The net asset value (“NAV”) of the Fund is the aggregate value of the Fund’s assets less its liabilities. In determining the NAV of the Fund, the Administrator will value the gold held by the Fund on the basis of the price of an ounce of gold determined by the IBA 10:30 AM auction process (“LBMA Gold Price AM”), which is an electronic auction, with the imbalance calculated and the price adjusted in rounds (45 seconds in duration). The auction runs twice daily at 10:30 AM and 3:00 PM London time. The Administrator will determine the NAV of the Fund on each day the NYSE Arca is open for regular trading, generally as of 12:00 PM New York time. If no LBMA Gold Price AM is made on a particular evaluation day or if the LBMA Gold Price PM has not been announced by 12:00 PM New York time on a particular evaluation day, the next most recent LBMA Gold Price AM will be used in the determination of the NAV of the Fund, unless the Administrator, in consultation with the Sponsor, determines that such price is inappropriate to use as the basis for such determination. The investment in gold bullion will be held by the Custodian on behalf of the Fund and reported on each trading day. Gold receivable will represent the quantity of gold covered by contractually binding orders for the creation of Shares where the gold has not yet been transferred to the Fund’s allocated bullion account at the Custodian. Transfers generally occur within three business days of the trade date. Gold payable will represent the quantity of gold covered by contractually binding orders for the redemption of Shares where gold has not yet been transferred out of the Fund’s allocated bullion account at the Custodian. A gain or loss will be recognized based on the difference between the selling price and the average cost of the gold sold, and such amounts will be reported as net realized gain/(loss) from investment in gold sold.
SPDR Long Dollar Gold Trust [Member]
Accounting for Investment in Gold	4. Accounting for Investment in Gold The Fund’s policy is to value the investment in gold bullion at fair value. U.S. GAAP defines fair value as the price the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. The Fund’s assets will consist of allocated gold bullion and, from time to time, cash, which is used to pay expenses. The Administrator will value the gold held by the Fund on the basis of the price of an ounce of gold as determined by ICE Benchmark Administration Limited (“IBA”), a benchmark administrator, which provides an independently administered auction process, as well as the overall administration and governance for the LBMA Gold Price. The net asset value (“NAV”) of the Fund is the aggregate value of the Fund’s assets less its liabilities. In determining the NAV of the Fund, the Administrator will value the gold held by the Fund on the basis of the price of an ounce of gold determined by the IBA 10:30 AM auction process (“LBMA Gold Price AM”), which is an electronic auction, with the imbalance calculated and the price adjusted in rounds (45 seconds in duration). The auction runs twice daily at 10:30 AM and 3:00 PM London time. The Administrator will determine the NAV of the Fund on each day the NYSE Arca is open for regular trading, generally as of 12:00 PM New York time. If no LBMA Gold Price AM is made on a particular evaluation day or if the LBMA Gold Price PM has not been announced by 12:00 PM New York time on a particular evaluation day, the next most recent LBMA Gold Price AM will be used in the determination of the NAV of the Fund, unless the Administrator, in consultation with the Sponsor, determines that such price is inappropriate to use as the basis for such determination. The investment in gold bullion will be held by the Custodian on behalf of the Fund and reported on each trading day. Gold receivable will represent the quantity of gold covered by contractually binding orders for the creation of Shares where the gold has not yet been transferred to the Fund’s allocated bullion account at the Custodian. Transfers generally occur within three business days of the trade date. Gold payable will represent the quantity of gold covered by contractually binding orders for the redemption of Shares where gold has not yet been transferred out of the Fund’s allocated bullion account at the Custodian. A gain or loss will be recognized based on the difference between the selling price and the average cost of the gold sold, and such amounts will be reported as net realized gain/(loss) from investment in gold sold.

Creation and Redemption of the

Creation and Redemption of the Shares	3 Months Ended
	Dec. 31, 2016
Creation and Redemption of the Shares	5. Creation and Redemption of the Shares The Fund expects to issue and redeem the Shares from time to time, but only in large aggregations of 10,000 Shares referred to as “Creation Units.” Creation Units may be created or redeemed only by certain financial institutions known as “Authorized Participants” that have entered into an Authorized Participant Agreement with the Sponsor and BNYM, as the Fund’s administrator. The creation and redemption of Creation Units require the delivery to the Fund or the distribution by the Fund of the amount of gold bullion represented by the Creation Units being created or redeemed. The dollar amount of a Creation Unit is a function of the NAV of the number of Shares included in the Creation Unit. The initial amount of gold bullion required for deposit with the Fund to create Shares is 1,000 ounces per Creation Unit. The number of ounces of gold bullion required to be delivered in exchange for a Creation Unit, or to be delivered by the Fund upon the redemption of a Creation Unit, will increase or decrease depending on (i) fluctuations in the price of gold; (ii) fluctuations in the value of the USD relative to the value of the Reference Currencies reflected in the Index; and (iii) accrued fees payable by the Fund. Authorized Participants will pay a transaction fee to the Custodian for each order to create or redeem Creation Units. Authorized Participants may sell the Shares included in the Creation Units they create to other investors. The Fund has the right, but not the obligation, to reject any Redemption Order if (i) the order is not in proper form as described in the Participant Agreement, (ii) the fulfillment of the order, in the opinion of its counsel, might be unlawful, (iii) the Fund determines that acceptance of the order from an Authorized Participant would expose the Fund to credit risk, or (iv) circumstances outside the control of the Administrator, the Sponsor or the Custodian make the redemption, for all practical purposes, not feasible to process. The Fund may, in its discretion, and will when directed by the Sponsor, suspend the right of redemption, or postpone the redemption settlement date: (1) for any period during which NYSE Arca is closed other than customary weekend or holiday closings, or trading on NYSE Arca is suspended or restricted, (2) for any period during which an emergency exists as a result of which delivery, disposal or evaluation of gold bullion is not reasonably practicable, or (3) for such other period as the Sponsor determines to be necessary for the protection of the Shareholders.
SPDR Long Dollar Gold Trust [Member]
Creation and Redemption of the Shares	5. Creation and Redemption of the Shares The Fund expects to issue and redeem the Shares from time to time, but only in large aggregations of 10,000 Shares referred to as “Creation Units.” Creation Units may be created or redeemed only by certain financial institutions known as “Authorized Participants” that have entered into an Authorized Participant Agreement with the Sponsor and BNYM, as the Fund’s administrator. The creation and redemption of Creation Units require the delivery to the Fund or the distribution by the Fund of the amount of gold bullion represented by the Creation Units being created or redeemed. The dollar amount of a Creation Unit is a function of the NAV of the number of Shares included in the Creation Unit. The initial amount of gold bullion required for deposit with the Fund to create Shares is 1,000 ounces per Creation Unit. The number of ounces of gold bullion required to be delivered in exchange for a Creation Unit, or to be delivered by the Fund upon the redemption of a Creation Unit, will increase or decrease depending on (i) fluctuations in the price of gold; (ii) fluctuations in the value of the USD relative to the value of the Reference Currencies reflected in the Index; and (iii) accrued fees payable by the Fund. Authorized Participants will pay a transaction fee to the Custodian for each order to create or redeem Creation Units. Authorized Participants may sell the Shares included in the Creation Units they create to other investors. The Fund has the right, but not the obligation, to reject any Redemption Order if (i) the order is not in proper form as described in the Participant Agreement, (ii) the fulfillment of the order, in the opinion of its counsel, might be unlawful, (iii) the Fund determines that acceptance of the order from an Authorized Participant would expose the Fund to credit risk, or (iv) circumstances outside the control of the Administrator, the Sponsor or the Custodian make the redemption, for all practical purposes, not feasible to process. The Fund may, in its discretion, and will when directed by the Sponsor, suspend the right of redemption, or postpone the redemption settlement date: (1) for any period during which NYSE Arca is closed other than customary weekend or holiday closings, or trading on NYSE Arca is suspended or restricted, (2) for any period during which an emergency exists as a result of which delivery, disposal or evaluation of gold bullion is not reasonably practicable, or (3) for such other period as the Sponsor determines to be necessary for the protection of the Shareholders.

Organizational and Offering Cos

Organizational and Offering Costs and Operating Expenses	3 Months Ended
	Dec. 31, 2016
Organizational and Offering Costs and Operating Expenses	6. Organizational and Offering Costs and Operating Expenses Organizational and offering costs in the amount of $417,335 are the responsibility of the Trust’s Sponsor. The Fund’s only ordinary recurring operating expenses are expected to be the Sponsor’s annual fee of 0.33% of the NAV of the Fund and the Gold Delivery Provider’s annual fee of 0.17% of the NAV of the Fund, each of which accrue daily. The Sponsor’s fee is payable by the Fund monthly in arrears, while the Gold Delivery Provider’s fee is paid daily, so that the Fund’s total annual expense ratio is expected to equal to 0.50% of daily net assets. Expenses payable by the Fund will reduce the NAV of the Fund. Except for the fees payable to the Sponsor and the Gold Delivery Provider, which will be paid by the Fund, the Sponsor is responsible for the payment of all ordinary fees and expenses of the Fund, including but not limited to the following: fees charged by the Fund’s administrator, custodian, index provider, marketing agent and trustee; exchange listing fees; typical maintenance and transaction fees of The Depository Trust Company; SEC registration fees; printing and mailing costs; audit fees and expenses; and, legal fees not in excess of $100,000 per annum and expenses and applicable license fees. The Sponsor is not, however, required to pay any extraordinary expenses not incurred in the ordinary course of the Fund’s business.
SPDR Long Dollar Gold Trust [Member]
Organizational and Offering Costs and Operating Expenses	6. Organizational and Offering Costs and Operating Expenses Organizational and offering costs in the amount of $417,335 are the responsibility of the Trust’s Sponsor. The Fund’s only ordinary recurring operating expenses are expected to be the Sponsor’s annual fee of 0.33% of the NAV of the Fund and the Gold Delivery Provider’s annual fee of 0.17% of the NAV of the Fund, each of which accrue daily. The Sponsor’s fee is payable by the Fund monthly in arrears, while the Gold Delivery Provider’s fee is paid daily, so that the Fund’s total annual expense ratio is expected to equal to 0.50% of daily net assets. Expenses payable by the Fund will reduce the NAV of the Fund. Except for the fees payable to the Sponsor and the Gold Delivery Provider, which will be paid by the Fund, the Sponsor is responsible for the payment of all ordinary fees and expenses of the Fund, including but not limited to the following: fees charged by the Fund’s administrator, custodian, index provider, marketing agent and trustee; exchange listing fees; typical maintenance and transaction fees of The Depository Trust Company; SEC registration fees; printing and mailing costs; audit fees and expenses; and, legal fees not in excess of $100,000 per annum and expenses and applicable license fees. The Sponsor is not, however, required to pay any extraordinary expenses not incurred in the ordinary course of the Fund’s business.

Termination

Termination	3 Months Ended
	Dec. 31, 2016
Termination	7. Termination The term of the Trust and the Fund is perpetual (unless terminated earlier in certain circumstances).
SPDR Long Dollar Gold Trust [Member]
Termination	7. Termination The term of the Trust and the Fund is perpetual (unless terminated earlier in certain circumstances).

Indemnification

Indemnification	3 Months Ended
	Dec. 31, 2016
Indemnification	8. Indemnification The Sponsor will not be liable to the Trust, the Fund, the Trustee or any Shareholder for any action taken or for refraining from taking any action in good faith, or for errors in judgment or for depreciation or loss incurred by reason of the sale of any gold bullion or other assets of the Fund. However, the preceding liability exclusion will not protect the Sponsor against any liability resulting from its own gross negligence, bad faith, or willful misconduct. The Sponsor and each of its shareholders, members, directors, officers, employees, affiliates and subsidiaries will be indemnified by the Trust and held harmless against any losses, liabilities or expenses incurred in the performance of its duties under the Declaration of Trust without gross negligence, bad faith or willful misconduct. The Sponsor may rely in good faith on any paper, order, notice, list, affidavit, receipt, evaluation, opinion, endorsement, assignment, draft or any other document of any kind prima facie properly executed and submitted to it by the Trustee, the Trustee’s counsel or by any other person for any matters arising under the Declaration of Trust. The Sponsor shall in no event be deemed to have assumed or incurred any liability, duty, or obligation to any Shareholder or to the Trustee other than as expressly provided for in the Declaration of Trust. Such indemnity includes payment from the Fund of the costs of expenses incurred in defending against any indemnified claim or liability under the Declaration of Trust.
SPDR Long Dollar Gold Trust [Member]
Indemnification	8. Indemnification The Sponsor will not be liable to the Trust, the Fund, the Trustee or any Shareholder for any action taken or for refraining from taking any action in good faith, or for errors in judgment or for depreciation or loss incurred by reason of the sale of any gold bullion or other assets of the Fund. However, the preceding liability exclusion will not protect the Sponsor against any liability resulting from its own gross negligence, bad faith, or willful misconduct. The Sponsor and each of its shareholders, members, directors, officers, employees, affiliates and subsidiaries will be indemnified by the Trust and held harmless against any losses, liabilities or expenses incurred in the performance of its duties under the Declaration of Trust without gross negligence, bad faith or willful misconduct. The Sponsor may rely in good faith on any paper, order, notice, list, affidavit, receipt, evaluation, opinion, endorsement, assignment, draft or any other document of any kind prima facie properly executed and submitted to it by the Trustee, the Trustee’s counsel or by any other person for any matters arising under the Declaration of Trust. The Sponsor shall in no event be deemed to have assumed or incurred any liability, duty, or obligation to any Shareholder or to the Trustee other than as expressly provided for in the Declaration of Trust. Such indemnity includes payment from the Fund of the costs of expenses incurred in defending against any indemnified claim or liability under the Declaration of Trust.

Financial Highlights

Financial Highlights	3 Months Ended
	Dec. 31, 2016
Financial Highlights	9. Financial Highlights At the date of the unaudited financial statements per Share, total return and expense ratio data are not considered meaningful to investors because the Fund has not commenced operations.
SPDR Long Dollar Gold Trust [Member]
Financial Highlights	9. Financial Highlights At the date of the unaudited financial statements per Share, total return and expense ratio data are not considered meaningful to investors because the Fund has not commenced operations.

Subsequent Events

Subsequent Events	3 Months Ended
	Dec. 31, 2016
Subsequent Events	10. Subsequent Events Shares of the Fund began trading on the NYSE Arca, Inc. under the symbol “GLDW” on January 30, 2017. As of March 7, 2017, 220,000 Shares were outstanding.
SPDR Long Dollar Gold Trust [Member]
Subsequent Events	10. Subsequent Events Shares of the Fund began trading on the NYSE Arca, Inc. under the symbol “GLDW” on January 30, 2017. As of March 7, 2017, 220,000 Shares were outstanding.

Significant accounting polici17

Significant accounting policies (Policies)	3 Months Ended
	Dec. 31, 2016
Basis of Accounting	2.1 Basis of Accounting The accompanying unaudited financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”), which require management to make certain estimates and assumptions that affect the reported amounts and disclosures in the unaudited financial statements. Actual results could differ from those estimates.
Cash and cash equivalents	2.2 Cash and cash equivalents Cash and cash equivalents include highly liquid investments of sufficient credit quality with original maturity of three months or less.
Income Taxes	2.3 Income Taxes The Fund should be classified as a “grantor trust” for U.S. federal income tax purposes. As a result, the Fund will not be subject to U.S. federal income tax. Instead, the Fund’s income and expenses will “flow through” to the Shareholders, and the Administrator will report the Fund’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 December 31, 2016.
Emerging Growth Company qualification	2.4 Emerging Growth Company qualification The Trust is an “emerging growth company” as defined in the JOBS Act, and as such, is permitted to meet reduced public company reporting requirements.
SPDR Long Dollar Gold Trust [Member]
Basis of Accounting	2.1 Basis of Accounting The accompanying unaudited financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”), which require management to make certain estimates and assumptions that affect the reported amounts and disclosures in the unaudited financial statements. Actual results could differ from those estimates.
Cash and cash equivalents	2.2 Cash and cash equivalents Cash and cash equivalents include highly liquid investments of sufficient credit quality with original maturity of three months or less.
Income Taxes	2.3 Income Taxes The Fund should be classified as a “grantor trust” for U.S. federal income tax purposes. As a result, the Fund will not be subject to U.S. federal income tax. Instead, the Fund’s income and expenses will “flow through” to the Shareholders, and the Administrator will report the Fund’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 December 31, 2016.
Emerging Growth Company qualification	2.4 Emerging Growth Company qualification The Trust is an “emerging growth company” as defined in the JOBS Act, and as such, is permitted to meet reduced public company reporting requirements.

Organization - Additional Infor

Organization - Additional Information (Detail)	3 Months Ended
	Dec. 31, 2016Series	Dec. 19, 2016USD ($)shares
Number of established separate series | Series	5
SPDR Long Dollar Gold Trust [Member]
Aggregate purchase price | $		$ 1,000
Shares issued | shares		10

Significant Accounting Polici19

Significant Accounting Policies - Additional Information (Detail)	Dec. 31, 2016USD ($)
Significant Accounting Policies [Line Items]
Reserve for uncertain tax positions	$ 0
SPDR Long Dollar Gold Trust [Member]
Significant Accounting Policies [Line Items]
Reserve for uncertain tax positions	$ 0

Creation and Redemption of Shar

Creation and Redemption of Shares - Additional Information (Detail) - SPDR Long Dollar Gold Trust [Member]	3 Months Ended
	Dec. 31, 2016Ounceshares
Number of shares in a Creation Unit | shares	10,000
Initial amount of Gold Bullion required for deposit | Ounce	1,000

Organizational and Offering C21

Organizational and Offering Costs and Operating Expenses - Additional Information (Detail) - SPDR Long Dollar Gold Trust [Member]	3 Months Ended
	Dec. 31, 2016USD ($)
Organization And Offering Costs [Line Items]
Gold Delivery Provider's annual fee percentage of NAV	0.17%
Expense ratio	0.50%
Maximum [Member]
Organization And Offering Costs [Line Items]
Legal fees	$ 100,000
Sponsor [Member]
Organization And Offering Costs [Line Items]
Organizational and offering costs	$ 417,335
Annual fee percentage of NAV	0.33%

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - SPDR Long Dollar Gold Trust [Member] - shares		Mar. 07, 2017	Dec. 31, 2016
Subsequent Event [Line Items]
Shares outstanding	[1]		10
Subsequent Event [Member]
Subsequent Event [Line Items]
Shares outstanding		220,000
[1]	The Trust, on behalf of the Fund, is authorized to issue an unlimited number of shares of beneficial interest without par value. 5,000,000 authorized shares to be issued upon registration.