iShares Gold Trust Micro (IAUM) 10-Q 3 Nov 21 2021 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	4 Months Ended
	Sep. 30, 2021	Oct. 29, 2021
Document Information [Line Items]
Entity Central Index Key	0001759124
Entity Registrant Name	iShares Gold Trust Micro
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2021
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2021
Document Transition Report	false
Entity File Number	001-40521
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	83-6527686
Entity Address, Address Line One	400 Howard Street
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94105
City Area Code	415
Local Phone Number	670-2000
Title of 12(b) Security	Shares
Trading Symbol	IAUM
Security Exchange Name	NYSEArca
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		44,950,000

Statements of Assets and Liabil

Statements of Assets and Liabilities (Unaudited) - USD ($)		Sep. 30, 2021	Jun. 15, 2021
Assets
Investment in gold bullion, at fair value	[1]	$ 607,260,237	$ 9,325,500
Total Assets		607,260,237	9,325,500
Liabilities
Sponsor’s fees payable		34,807	0
Total Liabilities		34,807	0
Commitments and contingent liabilities (Note 6)
Net Assets		$ 607,225,430	$ 9,325,500
Shares issued and outstanding (in shares)	[2]	34,850,000	500,000
Net asset value per Share (Note 2C) (in dollars per share)		$ 17.42	$ 18.65
[1]	Cost of investment in gold bullion: $626,373,040 and $9,325,500, respectively.
[2]	No par value, unlimited amount authorized.

Statements of Assets and Liab_2

Statements of Assets and Liabilities (Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands	Sep. 30, 2021	Jun. 15, 2021
Investment in gold bullion, cost	$ 626,373,040	$ 9,325,500
Shares, par value (in dollars per share)	$ 0	$ 0
Shares, issued (in shares)	34,850,000	500,000

Statements of Operations (Unaud

Statements of Operations (Unaudited) - USD ($)	3 Months Ended	4 Months Ended
	Sep. 30, 2021	Sep. 30, 2021
Expenses
Sponsor’s fees	$ 200,617	$ 201,169
Sponsor’s fees waived	(107,095)	(107,134)
Total expenses	93,522	94,035
Net investment loss	(93,522)	(94,035)
Net Realized and Unrealized Gain (Loss)
Net realized gain (loss) from gold bullion sold to pay expenses	422	422
Net change in unrealized appreciation/depreciation	(18,603,053)	(19,112,803)
Net realized and unrealized loss	(18,602,631)	(19,112,381)
Net decrease in net assets resulting from operations	$ (18,696,153)	$ (19,206,416)
Net decrease in net assets per Share (in dollars per share)	$ (0.61)	$ (0.74)

Statements of Changes in Net As

Statements of Changes in Net Assets (Unaudited) - USD ($)	1 Months Ended	3 Months Ended
	Jun. 30, 2021	Sep. 30, 2021
Net Assets, Beginning of Period	$ 9,325,500	$ 8,815,237
Operations:
Net investment loss	(513)	(93,522)
Net change in unrealized appreciation/depreciation	(509,750)	(18,603,053)
Net decrease in net assets resulting from operations	(510,263)	(18,696,153)
Increase (decrease) in net assets	(510,263)	598,410,193
Net realized gain		422
Capital Share Transactions:
Contributions for Shares issued		617,106,346
Net increase in net assets from capital share transactions		617,106,346
Increase (decrease) in net assets	(510,263)	598,410,193
Net Assets, End of Year	$ 8,815,237	$ 607,225,430
Shares issued and redeemed
Shares issued (in shares)		34,350,000
Net increase in Shares issued and outstanding (in shares)		34,350,000

Statement of Cash Flows (Unaudi

Statement of Cash Flows (Unaudited) - USD ($)	1 Months Ended	3 Months Ended	4 Months Ended
	Jun. 30, 2021	Sep. 30, 2021	Sep. 30, 2021
Cash Flows from Operating Activities
Proceeds from gold bullion sold to pay expenses			$ 59,228
Expenses – Sponsor's fees paid			(59,228)
Net cash provided by (used in) operating activities			0
Increase (decrease) in cash			0
Cash, beginning of period	$ 0		0
Cash, end of period		$ 0	0
Reconciliation of Net Increase (Decrease) in Net Assets Resulting from Operations to Net Cash Provided by (Used in) Operating Activities
Net decrease in net assets resulting from operations	(510,263)	(18,696,153)	(19,206,416)
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Proceeds from gold bullion sold to pay expenses			59,228
Net realized (gain) loss		(422)	(422)
Net change in unrealized appreciation/depreciation	$ 509,750	$ 18,603,053	19,112,803
Change in operating assets and liabilities:
Sponsor’s fees payable			34,807
Net cash provided by (used in) operating activities			0
Supplemental disclosure of non-cash information:
Gold bullion contributed for Shares issued			$ 617,106,346

Schedules of Investments (Unaud

Schedules of Investments (Unaudited)	4 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Investment Holdings, Schedule of Investments [Text Block]	Gold Trust Micro Schedules of Investments (Unaudited) At September 30, 2021 June 15, 2021 ( September 30, 2021 Description Ounces Cost Fair Value Gold bullion 348,439 $ 626,373,040 $ 607,260,237 Total Investments – 100.01% 607,260,237 Less Liabilities – (0.01)% (34,807 ) Net Assets – 100.00% $ 607,225,430 June 15, 2021 ( Description Ounces Cost Fair Value Gold bullion 5,000 $ 9,325,500 $ 9,325,500 Total Investments – 100.00% 9,325,500 Less Liabilities – (0.00)% — Net Assets – 100.00% $ 9,325,500 See notes to financial statements.

Note 1 - Organization

Note 1 - Organization	4 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	1 Organization The iShares Gold Trust Micro (the “Trust”) was organized on June 15, 2021 June 15, 2021. BlackRock Financial Management, Inc. (the “Seed Capital Investor”), contributed 5,000 ounces of Gold in exchange for 500,000 shares (the “Seed Creation Baskets”) on June 15, 2021 not not The Trust seeks to reflect generally the performance of the price of gold. The Trust seeks to reflect such performance before payment of the Trust’s expenses and liabilities. The Trust is designed to provide a vehicle for investors to make an investment similar to an investment in gold. The accompanying unaudited financial statements were prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions for Form 10 not 1 June 23, 2021. The Trust qualifies as an investment company solely for accounting purposes and not 946, Financial Services - Investment Companies, not not 1940,

Note 2 - Significant Accounting

Note 2 - Significant Accounting Policies	4 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2 Significant Accounting Policies A. Basis of Accounting The following significant accounting policies are consistently followed by the Trust in the preparation of its financial statements in conformity with U.S. GAAP. The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. B. Gold Bullion JPMorgan Chase Bank N.A., London branch (the “Custodian”), is responsible for the safekeeping of gold bullion owned by the Trust. Fair value of the gold bullion held by the Trust is based on that day’s London Bullion Market Association (“LBMA”) Gold Price PM. “LBMA Gold Price PM” is the price per fine troy ounce of gold, stated in U.S. dollars, determined by ICE Benchmark Administration (“IBA”) following an electronic auction consisting of one 30 second 3:00 no 10:30 Gain or loss on sales of gold bullion is calculated on a trade date basis using the average cost method. The following tables summarize activity in gold bullion for the three September 30, 2021 June 15, 2021 ( September 30, 2021: Three Months Ended September 30, 2021 Ounces Cost Fair Value Realized Beginning balance 5,000 $ 9,325,500 $ 8,815,750 $ — Gold bullion contributed 343,472 617,106,346 617,106,346 — Gold bullion distributed — — — — Gold bullion sold to pay expenses (33 ) (58,806 ) (59,228 ) 422 Net realized gain — — 422 — Net change in unrealized appreciation/depreciation — — (18,603,053 ) — Ending balance 348,439 $ 626,373,040 $ 607,260,237 $ 422 Period from June 15, 2021 (Date of Inception) to September 30, 2021 Ounces Cost Fair Value Realized Beginning balance 5,000 $ 9,325,500 $ 9,325,500 $  — Gold bullion contributed 343,472 617,106,346 617,106,346 — Gold bullion distributed — — — — Gold bullion sold to pay expenses (33 ) (58,806 ) (59,228 ) 422 Net realized gain — — 422 — Net change in unrealized appreciation/depreciation — — (19,112,803 ) — Ending balance 348,439 $ 626,373,040 $ 607,260,237 $ 422 C. Calculation of Net Asset Value On each business day, as soon as practicable after 4:00 D. Offering of the Shares Trust Shares are issued and redeemed continuously in aggregations of 50,000 Shares in exchange for gold bullion rather than cash. Individual investors cannot purchase or redeem Shares in direct transactions with the Trust. The Trust only transacts with registered broker-dealers that are eligible to settle securities transactions through the book-entry facilities of the Depository Trust Company and that have entered into a contractual arrangement with the Trustee and the Sponsor governing, among other matters, the creation and redemption of Shares (such broker-dealers, the “Authorized Participants”). Holders of Shares of the Trust may provided may not The per Share amount of gold exchanged for a purchase or redemption represents the per Share amount of gold held by the Trust, after giving effect to its liabilities. When gold bullion is exchanged in settlement of a redemption, it is considered a sale of gold bullion for accounting purposes. E. Federal Income Taxes The Trust is treated as a grantor trust for federal income tax purposes and, therefore, no The Sponsor has analyzed applicable tax laws and regulations and their application to the Trust as of September 30, 2021 not

Note 3 - Trust Expenses

Note 3 - Trust Expenses	4 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Trust Expenses [Text Block]	3 Trust Expenses The Trust pays to the Sponsor a Sponsor’s fee that accrues daily at an annualized rate equal to 0.15% of the net asset value of the Trust, paid monthly in arrears. Effective June 29, 2021, not June 30, 2024. no may June 30, 2024. no June 30, 2024, 30 8 September 30, 2021,

Note 4 - Related Parties

Note 4 - Related Parties	4 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	4 Related Parties The Sponsor and the Trustee are considered to be related parties to the Trust. The Trustee’s fee is paid by the Sponsor and is not As of September 30, 2021

Note 5 - Indemnification

Note 5 - Indemnification	4 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Indemnification [Text Block]	5 Indemnification The Trust Agreement provides that the Trustee shall indemnify the Sponsor, its directors, officers, employees and agents against, and hold each of them harmless from, any loss, liability, cost, expense or judgment (including reasonable fees and expenses of counsel) (i) caused by the negligence or bad faith of the Trustee or (ii) arising out of any information furnished in writing to the Sponsor by the Trustee expressly for use in the registration statement, or any amendment thereto or periodic or other report filed with the SEC relating to the Shares that is not The Trust Agreement provides that the Sponsor and its shareholders, directors, officers, employees, affiliates (as such term is defined under the Securities Act of 1933, 1 2 The Trust has agreed that the Custodian will only be responsible for any loss or damage suffered by the Trust as a direct result of the Custodian’s negligence, fraud or willful default in the performance of its duties.

Note 6 - Commitments and Contin

Note 6 - Commitments and Contingent Liabilities	4 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	6 Commitments and Contingent Liabilities In the normal course of business, the Trust may may not

Note 7 - Concentration Risk

Note 7 - Concentration Risk	4 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	7 Concentration Risk Substantially all of the Trust’s assets are holdings of gold bullion, which creates a concentration risk associated with fluctuations in the price of gold. Accordingly, a decline in the price of gold will have an adverse effect on the value of the Shares of the Trust. Factors that may

Note 8 - Financial Highlights

Note 8 - Financial Highlights	4 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Financial Highlights [Text Block]	8 Financial Highlights The following financial highlights relate to investment performance and operations for a Share outstanding for the three September 30, 2021 June 15, 2021 ( September 30, 2021. Three Months Ended Period from June 15, 2021 Net asset value per Share, beginning of period $ 17.63 $ 18.65 Net investment loss (a) (0.00 ) (b) (0.00 ) (b) Net realized and unrealized gain (loss) (c) (0.21 ) (1.23 ) Net decrease in net assets from operations (0.21 ) (1.23 ) Net asset value per Share, end of period $ 17.42 $ 17.42 Total return, at net asset value (d)(e) (1.19 )% (6.60 )% Ratio to average net assets: Net investment loss (f) (0.07 )% (0.07 )% Total Expenses (f) 0.15 % 0.15 % Total expenses after fees waived (f) 0.07 % 0.07 % (a) Based on average Shares outstanding during the period. (b) Amount is greater than $(0.005) per share (c) The amounts reported for a Share outstanding may not (d) Based on the change in net asset value of a Share during the period. (e) Percentage is not (f) Percentage is annualized.

Note 9 - Investment Valuation

Note 9 - Investment Valuation	4 Months Ended
	Sep. 30, 2021
Notes to Financial Statements
Fair Value Disclosures [Text Block]	9 Investment Valuation U.S. GAAP defines fair value as the price the Trust would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. The Trust’s policy is to value its investment at fair value. Various inputs are used in determining the fair value of assets and liabilities. Inputs may may three three Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities; Level 2 Inputs other than quoted prices included within Level 1 not Level 3 Unobservable inputs that are unobservable for the asset or liability, including the Trust’s assumptions used in determining the fair value of investments. At September 30, 2021, 1.

Significant Accounting Policies

Significant Accounting Policies (Policies)	4 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	A. Basis of Accounting The following significant accounting policies are consistently followed by the Trust in the preparation of its financial statements in conformity with U.S. GAAP. The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Investment, Policy [Policy Text Block]	B. Gold Bullion JPMorgan Chase Bank N.A., London branch (the “Custodian”), is responsible for the safekeeping of gold bullion owned by the Trust. Fair value of the gold bullion held by the Trust is based on that day’s London Bullion Market Association (“LBMA”) Gold Price PM. “LBMA Gold Price PM” is the price per fine troy ounce of gold, stated in U.S. dollars, determined by ICE Benchmark Administration (“IBA”) following an electronic auction consisting of one 30 second 3:00 no 10:30 Gain or loss on sales of gold bullion is calculated on a trade date basis using the average cost method. The following tables summarize activity in gold bullion for the three September 30, 2021 June 15, 2021 ( September 30, 2021: Three Months Ended September 30, 2021 Ounces Cost Fair Value Realized Beginning balance 5,000 $ 9,325,500 $ 8,815,750 $ — Gold bullion contributed 343,472 617,106,346 617,106,346 — Gold bullion distributed — — — — Gold bullion sold to pay expenses (33 ) (58,806 ) (59,228 ) 422 Net realized gain — — 422 — Net change in unrealized appreciation/depreciation — — (18,603,053 ) — Ending balance 348,439 $ 626,373,040 $ 607,260,237 $ 422 Period from June 15, 2021 (Date of Inception) to September 30, 2021 Ounces Cost Fair Value Realized Beginning balance 5,000 $ 9,325,500 $ 9,325,500 $  — Gold bullion contributed 343,472 617,106,346 617,106,346 — Gold bullion distributed — — — — Gold bullion sold to pay expenses (33 ) (58,806 ) (59,228 ) 422 Net realized gain — — 422 — Net change in unrealized appreciation/depreciation — — (19,112,803 ) — Ending balance 348,439 $ 626,373,040 $ 607,260,237 $ 422
Calculation of Net Asset Value [Policy Text Block]	C. Calculation of Net Asset Value On each business day, as soon as practicable after 4:00
Offering of the Shares [Policy Text Block]	D. Offering of the Shares Trust Shares are issued and redeemed continuously in aggregations of 50,000 Shares in exchange for gold bullion rather than cash. Individual investors cannot purchase or redeem Shares in direct transactions with the Trust. The Trust only transacts with registered broker-dealers that are eligible to settle securities transactions through the book-entry facilities of the Depository Trust Company and that have entered into a contractual arrangement with the Trustee and the Sponsor governing, among other matters, the creation and redemption of Shares (such broker-dealers, the “Authorized Participants”). Holders of Shares of the Trust may provided may not The per Share amount of gold exchanged for a purchase or redemption represents the per Share amount of gold held by the Trust, after giving effect to its liabilities. When gold bullion is exchanged in settlement of a redemption, it is considered a sale of gold bullion for accounting purposes.
Income Tax, Policy [Policy Text Block]	E. Federal Income Taxes The Trust is treated as a grantor trust for federal income tax purposes and, therefore, no The Sponsor has analyzed applicable tax laws and regulations and their application to the Trust as of September 30, 2021 not

Schedules of Investments (Una_2

Schedules of Investments (Unaudited) (Tables)	4 Months Ended
	Sep. 30, 2021
Notes Tables
Investment [Table Text Block]	Description Ounces Cost Fair Value Gold bullion 348,439 $ 626,373,040 $ 607,260,237 Total Investments – 100.01% 607,260,237 Less Liabilities – (0.01)% (34,807 ) Net Assets – 100.00% $ 607,225,430 Description Ounces Cost Fair Value Gold bullion 5,000 $ 9,325,500 $ 9,325,500 Total Investments – 100.00% 9,325,500 Less Liabilities – (0.00)% — Net Assets – 100.00% $ 9,325,500

Note 2 - Significant Accounti_2

Note 2 - Significant Accounting Policies (Tables)	4 Months Ended
	Sep. 30, 2021
Notes Tables
Activity in Gold Bullion [Table Text Block]	Three Months Ended September 30, 2021 Ounces Cost Fair Value Realized Beginning balance 5,000 $ 9,325,500 $ 8,815,750 $ — Gold bullion contributed 343,472 617,106,346 617,106,346 — Gold bullion distributed — — — — Gold bullion sold to pay expenses (33 ) (58,806 ) (59,228 ) 422 Net realized gain — — 422 — Net change in unrealized appreciation/depreciation — — (18,603,053 ) — Ending balance 348,439 $ 626,373,040 $ 607,260,237 $ 422 Period from June 15, 2021 (Date of Inception) to September 30, 2021 Ounces Cost Fair Value Realized Beginning balance 5,000 $ 9,325,500 $ 9,325,500 $  — Gold bullion contributed 343,472 617,106,346 617,106,346 — Gold bullion distributed — — — — Gold bullion sold to pay expenses (33 ) (58,806 ) (59,228 ) 422 Net realized gain — — 422 — Net change in unrealized appreciation/depreciation — — (19,112,803 ) — Ending balance 348,439 $ 626,373,040 $ 607,260,237 $ 422

Note 8 - Financial Highlights (

Note 8 - Financial Highlights (Tables)	4 Months Ended
	Sep. 30, 2021
Notes Tables
Financial Highlights [Table Text Block]	Three Months Ended Period from June 15, 2021 Net asset value per Share, beginning of period $ 17.63 $ 18.65 Net investment loss (a) (0.00 ) (b) (0.00 ) (b) Net realized and unrealized gain (loss) (c) (0.21 ) (1.23 ) Net decrease in net assets from operations (0.21 ) (1.23 ) Net asset value per Share, end of period $ 17.42 $ 17.42 Total return, at net asset value (d)(e) (1.19 )% (6.60 )% Ratio to average net assets: Net investment loss (f) (0.07 )% (0.07 )% Total Expenses (f) 0.15 % 0.15 % Total expenses after fees waived (f) 0.07 % 0.07 %

Schedules of Investments (Una_3

Schedules of Investments (Unaudited) - Investments (Details)	Sep. 30, 2021USD ($)oz	Jun. 30, 2021USD ($)oz	Jun. 15, 2021USD ($)oz	Jun. 14, 2021USD ($)oz
Gold bullion (Ounce) | oz	348,439	5,000	5,000	5,000
Investment in gold bullion, cost	$ 626,373,040	$ 9,325,500	$ 9,325,500	$ 9,325,500
Gold bullion fair value	607,260,237		9,325,500
Less Liabilities	(34,807)		0
Net Assets	$ 607,225,430	$ 8,815,237	$ 9,325,500	$ 9,325,500

Schedules of Investments (Una_4

Schedules of Investments (Unaudited) - Investments (Details) (Parentheticals)	Sep. 30, 2021	Jun. 15, 2021
Total investment, percentage of net asset value	100.01%	100.00%
Less liabilities, percentage of net asset value	(0.01%)	(0.00%)
Net assets, percentage of net asset value	100.00%	100.00%

Note 1 - Organization (Details

Note 1 - Organization (Details Textual)	Jun. 15, 2021ozshares	Sep. 30, 2021shares
Stock Issued During Period, Shares, New Issues (in shares)		34,350,000
BlackRock Financial Management, Inc. [Member]
Amount of Gold Contributed by Investor in Exchange for Shares (Ounce) | oz	5,000
Stock Issued During Period, Shares, New Issues (in shares)	500,000
Gold Contributed by Investor in Exchange for Shares, Price of Gold	1,865.10

Note 2 - Significant Accounti_3

Note 2 - Significant Accounting Policies (Details Textual)	Sep. 30, 2021shares
Shares Prescribed Aggregation (in shares)	50,000

Note 2 - Significant Accounti_4

Note 2 - Significant Accounting Policies - Activity in Gold Bullion (Details)	1 Months Ended	3 Months Ended		4 Months Ended
	Jun. 30, 2021USD ($)oz	Sep. 30, 2021USD ($)oz		Sep. 30, 2021USD ($)oz
Beginning balance (Ounce) | oz	5,000	5,000		5,000
Beginning balance, average cost	$ 9,325,500	$ 9,325,500		$ 9,325,500
Beginning balance, fair value	9,325,500	$ 8,815,750		$ 9,325,500
Gold bullion contributed (Ounce) | oz		343,472		343,472
Gold bullion contributed, average cost		$ 617,106,346		$ 617,106,346
Gold bullion contributed, fair value		$ 617,106,346		$ 617,106,346
Gold bullion distributed (Ounce) | oz		0		0
Gold bullion distributed, average cost		$ 0		$ 0
Gold bullion distributed, fair value		0		0
Gold bullion distributed, realized gain (loss)		$ 0		$ 0
Gold bullion sold to pay expenses (Ounce) | oz		(33)		(33)
Gold bullion sold to pay expenses, average cost		$ (58,806)		$ (58,806)
Gold bullion sold to pay expenses, fair value		(59,228)		(59,228)
Gold bullion sold to pay expenses, realized gain (loss)		422		422
Net realized gain (loss), fair value		422		422
Net change in unrealized appreciation/depreciation, fair value	$ (509,750)	$ (18,603,053)		$ (19,112,803)
Ending balance (Ounce) | oz	5,000	348,439		348,439
Ending balance, average cost	$ 9,325,500	$ 626,373,040		$ 626,373,040
Ending balance, fair value	$ 8,815,750	607,260,237	[1]	607,260,237	[1]
Ending balance, realized gain (loss)		$ 422		$ 422
[1]	Cost of investment in gold bullion: $626,373,040 and $9,325,500, respectively.

Note 3 - Trust Expenses (Detail

Note 3 - Trust Expenses (Details Textual) - USD ($)	3 Months Ended	4 Months Ended	36 Months Ended
	Sep. 30, 2021	Sep. 30, 2021	Jun. 30, 2024
Sponsors Fee Annualized Accrual Rate Based on Daily Net Asset Value		0.15%
Sponsor Fees Waived	$ 107,095	$ 107,134
Maximum [Member]
Legal Fees Per Year		$ 100,000
Maximum [Member] | Forecast [Member]
Sponsors Fee After Fee Waiver, Percentage			0.07%

Note 4 - Related Parties (Detai

Note 4 - Related Parties (Details Textual)	Sep. 30, 2021shares
BlackRock Financial Management, Inc. [Member]
Shares, Issued, Ending Balance (in shares)	500,000

Note 8 - Financial Highlights_2

Note 8 - Financial Highlights (Details Textual) - $ / shares		3 Months Ended	4 Months Ended
		Sep. 30, 2021	Sep. 30, 2021
Net Investment Income (Loss) Per Share (in dollars per share)	[1],[2]	$ 0	$ 0
Minimum [Member]
Net Investment Income (Loss) Per Share (in dollars per share)		$ (0.005)	$ (0.005)
[1]	Amount is greater than $(0.005) per share
[2]	Based on average Shares outstanding during the period.

Note 8 - Financial Highlights -

Note 8 - Financial Highlights - Financial Highlights (Details) - $ / shares		3 Months Ended	4 Months Ended
		Sep. 30, 2021	Sep. 30, 2021
Net asset value per Share, beginning of period (in dollars per share)		$ 17.63	$ 18.65
Net investment loss (in dollars per share)	[1],[2]	0	0
Net realized and unrealized gain (loss) (in dollars per share)	[3]	(0.21)	(1.23)
Net decrease in net assets from operations (in dollars per share)		(0.21)	(1.23)
Net asset value per Share, end of period (in dollars per share)		$ 17.42	$ 17.42
Total return, at net asset value	[4],[5]	(1.19%)	(6.60%)
Ratio to average net assets:
Net investment loss	[6]	(0.07%)	(0.07%)
Total expenses	[6]	0.15%	0.15%
Total expenses after fees waived	[6]	0.07%	0.07%
[1]	Amount is greater than $(0.005) per share
[2]	Based on average Shares outstanding during the period.
[3]	The amounts reported for a Share outstanding may not accord with the change in aggregate gains and losses on investment for the period due to the timing of Trust Share transactions in relation to the fluctuating fair values of the Trust's underlying investment.
[4]	Based on the change in net asset value of a Share during the period.
[5]	Percentage is not annualized.
[6]	Percentage is annualized.