iShares Gold Trust Micro (IAUM) 10-Q 7 Nov 24 2024 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2024	Oct. 31, 2024
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	2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
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	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		54,650,000

Statements of Assets and Liabil

Statements of Assets and Liabilities (Unaudited) - USD ($)		Sep. 30, 2024	Dec. 31, 2023
Assets
Investment in gold bullion, at fair value	[1]	$ 1,451,073,250	$ 1,221,895,792
Total Assets		1,451,073,250	1,221,895,792
Liabilities
Sponsor’s fees payable		81,633	65,622
Total Liabilities		81,633	65,622
Commitments and contingent liabilities (Note 6)
Net Assets		$ 1,450,991,617	$ 1,221,830,170
Shares issued and outstanding (in shares)	[2]	55,300,000	59,350,000
Net asset value per Share (Note 2C) (in dollars per share)		$ 26.24	$ 20.59
[1]Cost of investment in gold bullion: $1,079,058,547 and $1,105,542,600, 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, 2024	Dec. 31, 2023
Investment in gold bullion, cost	$ 1,079,058,547	$ 1,105,542,600
Shares, par value (in dollars per share)	$ 0	$ 0
Shares, issued (in shares)	55,300,000	59,350,000

Statements of Operations (Unaud

Statements of Operations (Unaudited) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Expenses
Sponsor’s fees		$ 301,635	$ 205,541	$ 788,073	$ 662,721
Sponsor’s fees waiver		(67,034)	(45,677)	(175,158)	(147,290)
Total expenses		234,601	159,864	612,915	515,431
Net investment loss		(234,601)	(159,864)	(612,915)	(515,431)
Net Realized and Unrealized Gain (Loss)
Gold bullion sold to pay expenses		44,801	9,490	96,149	31,300
Gold bullion distributed for the redemption of Shares		4,724,615	4,703,690	38,693,737	28,309,527
Net realized gain		4,769,416	4,713,180	38,789,886	28,340,827
Net change in unrealized appreciation/depreciation		156,618,421	(23,862,569)	255,661,511	11,248,169
Net realized and unrealized gain (loss)		161,387,837	(19,149,389)	294,451,397	39,588,996
Net increase (decrease) in net assets resulting from operations		$ 161,153,236	$ (19,309,253)	$ 293,838,482	$ 39,073,565
Net increase (decrease) in net assets per Share (in dollars per share)	[1]	$ 2.98	$ (0.41)	$ 5.77	$ 0.77
[1]Net increase (decrease) in net assets per Share based on average shares outstanding during the period.

Statements of Changes in Net As

Statements of Changes in Net Assets (Unaudited) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Net Assets, Beginning of Period	$ 1,201,326,993	$ 1,093,941,616	$ 1,221,830,170	$ 916,547,300	$ 963,872,250	$ 1,127,844,172	$ 1,221,830,170	$ 1,127,844,172
Operations:
Net investment loss	(234,601)	(203,256)	(175,058)	(159,864)	(172,863)	(182,704)	(612,915)	(515,431)
Net realized gain	4,769,416	9,175,001	24,845,469	4,713,180	9,044,241	14,583,406	38,789,886	28,340,827
Net change in unrealized appreciation/depreciation	156,618,421	48,899,779	50,143,311	(23,862,569)	(42,090,064)	77,200,802	255,661,511	11,248,169
Net increase (decrease) in net assets resulting from operations	161,153,236	57,871,524	74,813,722	(19,309,253)	(33,218,686)	91,601,504	293,838,482	39,073,565
Capital Share Transactions:
Contributions for Shares issued	108,832,468	94,420,090	57,094,808	60,575,037	102,276,250	75,395,013
Distributions for Shares redeemed	(20,321,080)	(44,906,237)	(259,797,084)	(93,181,920)	(116,382,514)	(330,968,439)
Net increase (decrease) in net assets from capital share transactions	88,511,388	49,513,853	(202,702,276)	(32,606,883)	(14,106,264)	(255,573,426)
Increase (decrease) in net assets	249,664,624	107,385,377	(127,888,554)	(51,916,136)	(47,324,950)	(163,971,922)
Net Assets, End of Period	$ 1,450,991,617	$ 1,201,326,993	$ 1,093,941,616	$ 864,631,164	$ 916,547,300	$ 963,872,250	$ 1,450,991,617	$ 864,631,164
Shares issued and redeemed
Shares issued (in shares)							11,250,000	12,300,000
Shares redeemed (in shares)							(15,300,000)	(28,300,000)
Net decrease in Shares issued and outstanding (in shares)							(4,050,000)	(16,000,000)

Statements of Cash Flows (Unaud

Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended				9 Months Ended
	Sep. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Cash Flows from Operating Activities
Proceeds from gold bullion sold to pay expenses					$ 596,904	$ 528,817
Expenses – Sponsor's fees paid					(596,904)	(528,817)
Net cash provided by (used in) operating activities					0	0
Increase (decrease) in cash					0	0
Cash, beginning of period		$ 0		$ 0	0	0
Cash, end of period	$ 0		$ 0		0	0
Reconciliation of Net Increase (Decrease) in Net Assets Resulting from Operations to Net Cash Provided by (Used in) Operating Activities
Net increase in net assets resulting from operations	161,153,236	74,813,722	(19,309,253)	91,601,504	293,838,482	39,073,565
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					596,904	528,817
Net realized (gain) loss	(4,769,416)	(24,845,469)	(4,713,180)	(14,583,406)	(38,789,886)	(28,340,827)
Net change in unrealized appreciation/depreciation	$ (156,618,421)	$ (50,143,311)	$ 23,862,569	$ (77,200,802)	(255,661,511)	(11,248,169)
Change in operating assets and liabilities:
Sponsor’s fees payable					16,011	(13,386)
Net cash provided by (used in) operating activities					0	0
Supplemental disclosure of non-cash information:
Gold bullion contributed for Shares issued					260,347,366	238,246,300
Gold bullion distributed for Shares redeemed					$ (325,024,401)	$ (540,532,873)

Schedules of Investments (Unaud

Schedules of Investments (Unaudited)	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Schedule of Investments [Text Block]	® Schedules of Investments (Unaudited) At September 30, 2024 December 31, 2023 September 30, 2024 Description Ounces Cost Fair Value Gold bullion 551,749 $ 1,079,058,547 $ 1,451,073,250 Total Investments – 100.01 1,451,073,250 Less Liabilities – (0.01) (81,633 ) Net Assets – 100.00 $ 1,450,991,617 December 31, 2023 Description Ounces Cost Fair Value Gold bullion 592,464 $ 1,105,542,600 $ 1,221,895,792 Total Investments – 100.01 1,221,895,792 Less Liabilities – (0.01) (65,622 ) Net Assets – 100.00 $ 1,221,830,170 See notes to financial statements.

Note 1 - Organization

Note 1 - Organization	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	1 The iShares Gold Trust Micro (the “Trust”) was organized on June 15, 2021 January 31, 2022. The Trust seeks to reflect generally the performance of the price of gold. The Trust seeks to reflect such performance before payment of the Trust’s expenses and liabilities. The Trust is designed to provide a vehicle for investors to make an investment similar to an investment in gold. The accompanying unaudited financial statements were prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions for Form 10 not 10 December 31, 2023, February 20, 2024. The Trust qualifies as an investment company solely for accounting purposes and not 946, Financial Services - Investment Companies, not not 1940,

Note 2 - Significant Accounting

Note 2 - Significant Accounting Policies	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2 A. Basis of Accounting The following significant accounting policies are consistently followed by the Trust in the preparation of its financial statements in conformity with U.S. GAAP. The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. 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, 2024 2023: Three Months Ended September 30, 2024 Ounces Cost Fair Realized Beginning balance 515,421 $ 985,998,676 $ 1,201,394,958 $ — Gold bullion contributed 44,401 108,832,468 108,832,468 — Gold bullion distributed (7,982 ) (15,596,465 ) (20,321,080 ) 4,724,615 Gold bullion sold to pay expenses (91 ) (176,132 ) (220,933 ) 44,801 Net realized gain — — 4,769,416 — Net change in unrealized appreciation/depreciation — — 156,618,421 — Ending balance 551,749 $ 1,079,058,547 $ 1,451,073,250 $ 4,769,416 Three Months Ended September 30, 2023 Ounces Cost Fair Realized Beginning balance 479,333 $ 874,314,966 $ 916,602,313 $ — Gold bullion contributed 31,451 60,575,037 60,575,037 — Gold bullion distributed (48,426 ) (88,478,230 ) (93,181,920 ) 4,703,690 Gold bullion sold to pay expenses (84 ) (154,226 ) (163,716 ) 9,490 Net realized gain — — 4,713,180 — Net change in unrealized appreciation/depreciation — — (23,862,569 ) — Ending balance 462,274 $ 846,257,547 $ 864,682,325 $ 4,713,180 The following tables summarize activity in gold bullion for the nine September 30, 2024 2023: Nine Months Ended September 30, 2024 Ounces Cost Fair Realized Beginning balance 592,464 $ 1,105,542,600 $ 1,221,895,792 $ — Gold bullion contributed 112,266 260,347,366 260,347,366 — Gold bullion distributed (152,717 ) (286,330,664 ) (325,024,401 ) 38,693,737 Gold bullion sold to pay expenses (264 ) (500,755 ) (596,904 ) 96,149 Net realized gain — — 38,789,886 — Net change in unrealized appreciation/depreciation — — 255,661,511 — Ending balance 551,749 $ 1,079,058,547 $ 1,451,073,250 $ 38,789,886 Nine Months Ended September 30, 2023 Ounces Cost Fair Realized Beginning balance 622,347 $ 1,120,732,110 $ 1,127,908,719 $ — Gold bullion contributed 122,836 238,246,300 238,246,300 — Gold bullion distributed (282,635 ) (512,223,346 ) (540,532,873 ) 28,309,527 Gold bullion sold to pay expenses (274 ) (497,517 ) (528,817 ) 31,300 Net realized gain — — 28,340,827 — Net change in unrealized appreciation/depreciation — — 11,248,169 — Ending balance 462,274 $ 846,257,547 $ 864,682,325 $ 28,340,827 C. Calculation of Net Asset Value On each business day, as soon as practicable after 4:00 D. Offering of the Shares 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, 2024 not

Note 3 - Trust Expenses

Note 3 - Trust Expenses	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Trust Expenses [Text Block]	3 The Sponsor’s fee is accrued daily at an annualized rate equal to 0.09% of the net asset value of the Trust, paid monthly in arrears. The Sponsor may, no no not not June 30, 2027. no may June 30, 2027. no June 30, 2027, 30 8 nine September 30, 2024, The Sponsor has agreed to assume the following administrative and marketing expenses incurred by the Trust: the Trustee’s fee, the Custodian’s fee, NYSE Arca listing fees, SEC registration fees, printing and mailing costs, audit fees and expenses, and up to $500,000 per annum in legal fees and expenses. The Sponsor may not

Note 4 - Related Parties

Note 4 - Related Parties	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	4 The Sponsor and the Trustee are considered to be related parties to the Trust. The Trustee’s fee is paid by the Sponsor and is not

Note 5 - Indemnification

Note 5 - Indemnification	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Indemnification [Text Block]	5 The Trust Agreement provides that the Trustee shall indemnify the Sponsor, its directors, employees and agents against, and hold each of them harmless from, any loss, liability, cost, expense or judgment (including reasonable fees and expenses of counsel) (i) caused by the negligence or bad faith of the Trustee or (ii) arising out of any information furnished in writing to the Sponsor by the Trustee expressly for use in the registration statement, or any amendment thereto or periodic or other report filed with the SEC relating to the Shares that is not The Trust Agreement provides that the Sponsor and its shareholders, directors, officers, employees, affiliates (as such term is defined under the Securities Act of 1933, 1 2 The Trust has agreed that the Custodian will only be responsible for any loss or damage suffered by the Trust as a direct result of the Custodian’s negligence, fraud or willful default in the performance of its duties. The Trust’s maximum exposure under these arrangements is unknown because it involves future potential claims against the Trust, which cannot be predicted with any certainty.

Note 6 - Commitments and Contin

Note 6 - Commitments and Contingent Liabilities	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	6 In the normal course of business, the Trust may may not

Note 7 - Concentration Risk

Note 7 - Concentration Risk	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	7 Substantially all of the Trust’s assets are holdings of gold bullion, which creates a concentration risk associated with fluctuations in the price of gold. Accordingly, a decline in the price of gold will have an adverse effect on the value of the Shares of the Trust. Factors that may

Note 8 - Financial Highlights

Note 8 - Financial Highlights	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Financial Highlights [Text Block]	8 The following financial highlights relate to investment performance and operations for a Share outstanding for the three nine September 30, 2024 2023. Three Months Ended Nine Months Ended 2024 2023 2024 2023 Net asset value per Share, beginning of period $ 23.26 $ 19.09 $ 20.59 $ 18.10 Net investment loss (a) (0.00 ) (b) (0.00 ) (b) (0.01 ) (0.01 ) Net realized and unrealized gain (loss) (c) 2.98 (0.42 ) 5.66 0.58 Net increase (decrease) in net assets from operations 2.98 (0.42 ) 5.65 0.57 Net asset value per Share, end of period $ 26.24 $ 18.67 $ 26.24 $ 18.67 Total return, at net asset value (d)(e) 12.81 % (2.20 )% 27.44 % 3.15 % Ratio to average net assets: Net investment loss (f) (0.07 )% (0.07 )% (0.07 )% (0.07 )% Total expenses (f) 0.09 % 0.09 % 0.09 % 0.09 % Total expenses after fees waived 0.07 % 0.07 % 0.07 % 0.07 % (a) Based on average Shares outstanding during the period. (b) Amount is greater than $(0.005). (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	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Fair Value Disclosures [Text Block]	9 U.S. GAAP defines fair value as the price the Trust would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. The Trust’s policy is to value its investment at fair value. Various inputs are used in determining the fair value of assets and liabilities. Inputs may may three three Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities; Level 2 Inputs other than quoted prices included within Level 1 not Level 3 Unobservable inputs that are unobservable for the asset or liability, including the Trust’s assumptions used in determining the fair value of investments. At September 30, 2024 December 31, 2023, 1.

Insider Trading Arrangements

Insider Trading Arrangements	9 Months Ended
	Sep. 30, 2024
Insider Trading Arr Line Items
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
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, 2024 2023: Three Months Ended September 30, 2024 Ounces Cost Fair Realized Beginning balance 515,421 $ 985,998,676 $ 1,201,394,958 $ — Gold bullion contributed 44,401 108,832,468 108,832,468 — Gold bullion distributed (7,982 ) (15,596,465 ) (20,321,080 ) 4,724,615 Gold bullion sold to pay expenses (91 ) (176,132 ) (220,933 ) 44,801 Net realized gain — — 4,769,416 — Net change in unrealized appreciation/depreciation — — 156,618,421 — Ending balance 551,749 $ 1,079,058,547 $ 1,451,073,250 $ 4,769,416 Three Months Ended September 30, 2023 Ounces Cost Fair Realized Beginning balance 479,333 $ 874,314,966 $ 916,602,313 $ — Gold bullion contributed 31,451 60,575,037 60,575,037 — Gold bullion distributed (48,426 ) (88,478,230 ) (93,181,920 ) 4,703,690 Gold bullion sold to pay expenses (84 ) (154,226 ) (163,716 ) 9,490 Net realized gain — — 4,713,180 — Net change in unrealized appreciation/depreciation — — (23,862,569 ) — Ending balance 462,274 $ 846,257,547 $ 864,682,325 $ 4,713,180 The following tables summarize activity in gold bullion for the nine September 30, 2024 2023: Nine Months Ended September 30, 2024 Ounces Cost Fair Realized Beginning balance 592,464 $ 1,105,542,600 $ 1,221,895,792 $ — Gold bullion contributed 112,266 260,347,366 260,347,366 — Gold bullion distributed (152,717 ) (286,330,664 ) (325,024,401 ) 38,693,737 Gold bullion sold to pay expenses (264 ) (500,755 ) (596,904 ) 96,149 Net realized gain — — 38,789,886 — Net change in unrealized appreciation/depreciation — — 255,661,511 — Ending balance 551,749 $ 1,079,058,547 $ 1,451,073,250 $ 38,789,886 Nine Months Ended September 30, 2023 Ounces Cost Fair Realized Beginning balance 622,347 $ 1,120,732,110 $ 1,127,908,719 $ — Gold bullion contributed 122,836 238,246,300 238,246,300 — Gold bullion distributed (282,635 ) (512,223,346 ) (540,532,873 ) 28,309,527 Gold bullion sold to pay expenses (274 ) (497,517 ) (528,817 ) 31,300 Net realized gain — — 28,340,827 — Net change in unrealized appreciation/depreciation — — 11,248,169 — Ending balance 462,274 $ 846,257,547 $ 864,682,325 $ 28,340,827
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 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, 2024 not

Schedules of Investments (Una_2

Schedules of Investments (Unaudited) (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Investment [Table Text Block]	September 30, 2024 Description Ounces Cost Fair Value Gold bullion 551,749 $ 1,079,058,547 $ 1,451,073,250 Total Investments – 100.01 1,451,073,250 Less Liabilities – (0.01) (81,633 ) Net Assets – 100.00 $ 1,450,991,617 December 31, 2023 Description Ounces Cost Fair Value Gold bullion 592,464 $ 1,105,542,600 $ 1,221,895,792 Total Investments – 100.01 1,221,895,792 Less Liabilities – (0.01) (65,622 ) Net Assets – 100.00 $ 1,221,830,170

Note 2 - Significant Accounti_2

Note 2 - Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Activity in Gold Bullion [Table Text Block]	Three Months Ended September 30, 2024 Ounces Cost Fair Realized Beginning balance 515,421 $ 985,998,676 $ 1,201,394,958 $ — Gold bullion contributed 44,401 108,832,468 108,832,468 — Gold bullion distributed (7,982 ) (15,596,465 ) (20,321,080 ) 4,724,615 Gold bullion sold to pay expenses (91 ) (176,132 ) (220,933 ) 44,801 Net realized gain — — 4,769,416 — Net change in unrealized appreciation/depreciation — — 156,618,421 — Ending balance 551,749 $ 1,079,058,547 $ 1,451,073,250 $ 4,769,416 Three Months Ended September 30, 2023 Ounces Cost Fair Realized Beginning balance 479,333 $ 874,314,966 $ 916,602,313 $ — Gold bullion contributed 31,451 60,575,037 60,575,037 — Gold bullion distributed (48,426 ) (88,478,230 ) (93,181,920 ) 4,703,690 Gold bullion sold to pay expenses (84 ) (154,226 ) (163,716 ) 9,490 Net realized gain — — 4,713,180 — Net change in unrealized appreciation/depreciation — — (23,862,569 ) — Ending balance 462,274 $ 846,257,547 $ 864,682,325 $ 4,713,180 Nine Months Ended September 30, 2024 Ounces Cost Fair Realized Beginning balance 592,464 $ 1,105,542,600 $ 1,221,895,792 $ — Gold bullion contributed 112,266 260,347,366 260,347,366 — Gold bullion distributed (152,717 ) (286,330,664 ) (325,024,401 ) 38,693,737 Gold bullion sold to pay expenses (264 ) (500,755 ) (596,904 ) 96,149 Net realized gain — — 38,789,886 — Net change in unrealized appreciation/depreciation — — 255,661,511 — Ending balance 551,749 $ 1,079,058,547 $ 1,451,073,250 $ 38,789,886 Nine Months Ended September 30, 2023 Ounces Cost Fair Realized Beginning balance 622,347 $ 1,120,732,110 $ 1,127,908,719 $ — Gold bullion contributed 122,836 238,246,300 238,246,300 — Gold bullion distributed (282,635 ) (512,223,346 ) (540,532,873 ) 28,309,527 Gold bullion sold to pay expenses (274 ) (497,517 ) (528,817 ) 31,300 Net realized gain — — 28,340,827 — Net change in unrealized appreciation/depreciation — — 11,248,169 — Ending balance 462,274 $ 846,257,547 $ 864,682,325 $ 28,340,827

Note 8 - Financial Highlights (

Note 8 - Financial Highlights (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Financial Highlights [Table Text Block]	Three Months Ended Nine Months Ended 2024 2023 2024 2023 Net asset value per Share, beginning of period $ 23.26 $ 19.09 $ 20.59 $ 18.10 Net investment loss (a) (0.00 ) (b) (0.00 ) (b) (0.01 ) (0.01 ) Net realized and unrealized gain (loss) (c) 2.98 (0.42 ) 5.66 0.58 Net increase (decrease) in net assets from operations 2.98 (0.42 ) 5.65 0.57 Net asset value per Share, end of period $ 26.24 $ 18.67 $ 26.24 $ 18.67 Total return, at net asset value (d)(e) 12.81 % (2.20 )% 27.44 % 3.15 % Ratio to average net assets: Net investment loss (f) (0.07 )% (0.07 )% (0.07 )% (0.07 )% Total expenses (f) 0.09 % 0.09 % 0.09 % 0.09 % Total expenses after fees waived 0.07 % 0.07 % 0.07 % 0.07 %

Schedules of Investments (Una_3

Schedules of Investments (Unaudited) - Investments (Details)	Sep. 30, 2024 USD ($) oz	Jun. 30, 2024 USD ($) oz	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($) oz	Sep. 30, 2023 USD ($) oz	Jun. 30, 2023 USD ($) oz	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($) oz
Gold bullion (Ounce) | oz	551,749	515,421		592,464	462,274	479,333		622,347
Investment in gold bullion, cost	$ 1,079,058,547	$ 985,998,676		$ 1,105,542,600	$ 846,257,547	$ 874,314,966		$ 1,120,732,110
Gold bullion fair value	1,451,073,250			1,221,895,792
Less Liabilities	(81,633)			(65,622)
Net Assets	$ 1,450,991,617	$ 1,201,326,993	$ 1,093,941,616	$ 1,221,830,170	$ 864,631,164	$ 916,547,300	$ 963,872,250	$ 1,127,844,172

Schedules of Investments (Una_4

Schedules of Investments (Unaudited) - Investments (Details) (Parentheticals)	Sep. 30, 2024	Dec. 31, 2023
Total investment, percentage of net asset value	100.01%	100.01%
Less liabilities, percentage of net asset value	(0.01%)	(0.01%)
Net assets, percentage of net asset value	100%	100%

Note 2 - Significant Accounti_3

Note 2 - Significant Accounting Policies (Details Textual)	Sep. 30, 2024 shares
Shares Prescribed Aggregation (in shares)	50,000

Note 2 - Significant Accounti_4

Note 2 - Significant Accounting Policies - Activity in Gold Bullion (Details)	3 Months Ended								9 Months Ended
	Sep. 30, 2024 USD ($) oz		Jun. 30, 2024 USD ($) oz	Mar. 31, 2024 USD ($) oz		Sep. 30, 2023 USD ($) oz	Jun. 30, 2023 USD ($) oz	Mar. 31, 2023 USD ($) oz	Sep. 30, 2024 USD ($) oz		Sep. 30, 2023 USD ($) oz
Beginning balance (Ounce) | oz	515,421			592,464		479,333		622,347	592,464		622,347
Beginning balance, average cost	$ 985,998,676			$ 1,105,542,600		$ 874,314,966		$ 1,120,732,110	$ 1,105,542,600		$ 1,120,732,110
Beginning balance, fair value	$ 1,201,394,958			1,221,895,792	[1]	$ 916,602,313		1,127,908,719	$ 1,221,895,792	[1]	$ 1,127,908,719
Gold bullion contributed (Ounce) | oz	44,401					31,451			112,266		122,836
Gold bullion contributed, average cost	$ 108,832,468					$ 60,575,037			$ 260,347,366		$ 238,246,300
Gold bullion contributed, fair value	$ 108,832,468					$ 60,575,037			$ 260,347,366		$ 238,246,300
Gold bullion distributed (Ounce) | oz	(7,982)					(48,426)			(152,717)		(282,635)
Gold bullion distributed, average cost	$ (15,596,465)					$ (88,478,230)			$ (286,330,664)		$ (512,223,346)
Gold bullion distributed, fair value	(20,321,080)					(93,181,920)			(325,024,401)		(540,532,873)
Gold bullion distributed, realized gain (loss)	$ 4,724,615					$ 4,703,690			$ 38,693,737		$ 28,309,527
Gold bullion sold to pay expenses (Ounce) | oz	(91)					(84)			(264)		(274)
Gold bullion sold to pay expenses, average cost	$ (176,132)					$ (154,226)			$ (500,755)		$ (497,517)
Gold bullion sold to pay expenses, fair value	(220,933)					(163,716)			(596,904)		(528,817)
Gold bullion sold to pay expenses, realized gain (loss)	44,801					9,490			96,149		31,300
Net realized gain (loss), fair value	4,769,416		$ 9,175,001	24,845,469		4,713,180	$ 9,044,241	14,583,406	38,789,886		28,340,827
Net change in unrealized appreciation/depreciation, fair value	$ 156,618,421		$ 48,899,779	50,143,311		$ (23,862,569)	$ (42,090,064)	77,200,802	$ 255,661,511		$ 11,248,169
Ending balance (Ounce) | oz	551,749		515,421			462,274	479,333		551,749		462,274
Ending balance, average cost	$ 1,079,058,547		$ 985,998,676			$ 846,257,547	$ 874,314,966		$ 1,079,058,547		$ 846,257,547
Ending balance, fair value	1,451,073,250	[1]	1,201,394,958			864,682,325	916,602,313		1,451,073,250	[1]	864,682,325
Ending balance, realized gain (loss)	$ 4,769,416		$ 9,175,001	$ 24,845,469		$ 4,713,180	$ 9,044,241	$ 14,583,406	$ 38,789,886		$ 28,340,827
[1]Cost of investment in gold bullion: $1,079,058,547 and $1,105,542,600, respectively.

Note 3 - Trust Expenses (Detail

Note 3 - Trust Expenses (Details Textual) - USD ($)	3 Months Ended		9 Months Ended		72 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2027
Sponsors Fee Annualized Accrual Rate Based on Daily Net Asset Value			0.09%
Sponsor Fees Waived	$ 67,034	$ 45,677	$ 175,158	$ 147,290
Maximum [Member]
Legal Fees Per Year			$ 500,000
Maximum [Member] | Forecast [Member]
Sponsors Fee After Fee Waiver, Percentage					0.07%

Note 8 - Financial Highlights_2

Note 8 - Financial Highlights (Details Textual) - $ / shares		3 Months Ended				9 Months Ended
		Sep. 30, 2024	[1]	Sep. 30, 2023	[1]	Sep. 30, 2024	Sep. 30, 2023
Net Investment Income (Loss) Per Share (in dollars per share)	[2]	$ 0		$ 0		$ (0.01)	$ (0.01)
Minimum [Member]
Net Investment Income (Loss) Per Share (in dollars per share)						$ (0.005)
[1]Amount is greater than $(0.005).[2]Based on average Shares outstanding during the period.

Note 8 - Financial Highlights -

Note 8 - Financial Highlights - Financial Highlights (Details) - $ / shares		3 Months Ended				9 Months Ended
		Sep. 30, 2024		Sep. 30, 2023		Sep. 30, 2024	Sep. 30, 2023
Net asset value per Share, beginning of period (in dollars per share)		$ 23.26		$ 19.09		$ 20.59	$ 18.1
Net investment loss (in dollars per share)	[2]	0	[1]	0	[1]	(0.01)	(0.01)
Net realized and unrealized gain (loss) (in dollars per share)	[3]	2.98		(0.42)		5.66	0.58
Net increase (decrease) in net assets from operations (in dollars per share)		2.98		(0.42)		5.65	0.57
Net asset value per Share, end of period (in dollars per share)		$ 26.24		$ 18.67		$ 26.24	$ 18.67
Total return, at net asset value	[4],[5]	12.81%		(2.20%)		27.44%	3.15%
Ratio to average net assets:
Net investment loss	[6]	(0.07%)		(0.07%)		(0.07%)	(0.07%)
Total expenses	[6]	0.09%		0.09%		0.09%	0.09%
Total expenses after fees waived		0.07%		0.07%		0.07%	0.07%
[1]Amount is greater than $(0.005).[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 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.