iShares Gold Trust (IAU) 10-K27 Feb 202019 FY Annual reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
Document And Entity Information - USD ($)	Dec. 31, 2019	Jan. 31, 2020	Jun. 30, 2019
Document Information [Line Items]
Entity Central Index Key	0001278680
Entity Registrant Name	ISHARES GOLD TRUST
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2019
Document Transition Report	false
Entity File Number	001-32418
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	81-6124036
Entity Address, Address Line One	400 Howard Street
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94105
City Area Code	415
Local Phone Number	670-2000
Title of 12(b) Security	Shares
Trading Symbol	IAU
Security Exchange Name	NYSEArca
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
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 Public Float			$ 13,068,092,812
Entity Common Stock, Shares Outstanding		1,251,100,000

Statements of Assets and Liabil

Statements of Assets and Liabilities - USD ($)		Dec. 31, 2019	Dec. 31, 2018
Assets
Investment in gold bullion, at fair value	[1]	$ 17,632,155,037	$ 11,547,078,166
Total Assets		17,632,155,037	11,547,078,166
Liabilities
Sponsor’s fees payable		3,629,955	2,340,020
Total Liabilities		3,629,955	2,340,020
Commitments and contingent liabilities (Note 6)
Net Assets		$ 17,628,525,082	$ 11,544,738,146
Shares issued and outstanding (in shares)	[2]	1,211,150,000	940,200,000
Net asset value per Share (Note 2C) (in dollars per share)		$ 14.56	$ 12.28

[1]	Cost of investment in gold bullion: $15,094,673,874 and $11,255,129,376, respectively.
[2]	No par value, unlimited amount authorized.

Statements of Assets and Liab_2

Statements of Assets and Liabilities (Parentheticals) - USD ($) $ / shares in Thousands	Dec. 31, 2019	Dec. 31, 2018
Investment in gold bullion, cost	$ 15,094,673,874	$ 11,255,129,376
Shares, par value (in dollars per share)	$ 0	$ 0
Shares, issued (in shares)	1,211,150,000	940,200,000

Statements of Operations

Statements of Operations - USD ($)		12 Months Ended
Statements of Operations - USD ($)		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Expenses
Sponsor’s fees		$ 35,318,380	$ 27,533,111	$ 21,630,631
Total expenses		35,318,380	27,533,111	21,630,631
Net investment loss		(35,318,380)	(27,533,111)	(21,630,631)
Net Realized and Unrealized Gain (Loss)
Gold bullion sold to pay expenses		2,902,791	409,457	445,799
Gold bullion distributed for the redemption of Shares		62,885,343	23,081,969	21,770,115
Net realized gain		65,788,134	23,491,426	22,215,914
Net change in unrealized appreciation/depreciation		2,245,532,373	(194,080,795)	881,278,079
Net realized and unrealized gain (loss)		2,311,320,507	(170,589,369)	903,493,993
Net increase (decrease) in net assets resulting from operations		$ 2,276,002,127	$ (198,122,480)	$ 881,863,362
Net increase (decrease) in net assets per Share (in dollars per share)	[1]	$ 2.15	$ (0.22)	$ 1.23

[1]	Net increase (decrease) in net assets per Share based on average shares outstanding during the year.

Statements of Changes in Net As

Statements of Changes in Net Assets - USD ($)	12 Months Ended
Statements of Changes in Net Assets - USD ($)	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Net Assets, Beginning of Year	$ 11,544,738,146	$ 10,147,507,137	$ 7,310,131,020
Operations:
Net investment loss	(35,318,380)	(27,533,111)	(21,630,631)
Net realized gain (loss)	65,788,134	23,491,426	22,215,914
Net change in unrealized appreciation/depreciation	2,245,532,373	(194,080,795)	881,278,079
Net increase (decrease) in net assets resulting from operations	2,276,002,127	(198,122,480)	881,863,362
Capital Share Transactions:
Contributions for Shares issued	5,226,042,788	3,078,649,161	2,782,113,163
Distributions for Shares redeemed	(1,418,257,979)	(1,483,295,672)	(826,600,408)
Net increase (decrease) in net assets from capital share transactions	3,807,784,809	1,595,353,489	1,955,512,755
Increase (decrease) in net assets	6,083,786,936	1,397,231,009	2,837,376,117
Net Assets, End of Year	$ 17,628,525,082	$ 11,544,738,146	$ 10,147,507,137
Shares issued and redeemed
Shares issued (in shares)	383,350,000	247,000,000	228,250,000
Shares redeemed (in shares)	(112,400,000)	(121,700,000)	(68,350,000)
Net increase in Shares issued and outstanding (in shares)	270,950,000	125,300,000	159,900,000

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
Statements of Cash Flows - USD ($)	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash Flows from Operating Activities
Proceeds from gold bullion sold to pay expenses	$ 34,028,445	$ 27,290,381	$ 21,077,170
Expenses – Sponsor's fees paid	(34,028,445)	(27,290,381)	(21,077,170)
Net cash provided by (used in) operating activities	0	0	0
Increase (decrease) in cash	0	0	0
Cash, beginning of year	0	0	0
Cash, end of year	0	0	0
Reconciliation of Net Increase (Decrease) in Net Assets Resulting from Operations to Net Cash Provided by (Used in) Operating Activities
Net increase (decrease) in net assets resulting from operations	2,276,002,127	(198,122,480)	881,863,362
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	34,028,445	27,290,381	21,077,170
Net realized (gain) loss	(65,788,134)	(23,491,426)	(22,215,914)
Net change in unrealized appreciation/depreciation	(2,245,532,373)	194,080,795	(881,278,079)
Change in operating assets and liabilities:
Sponsor’s fees payable	1,289,935	242,730	553,461
Net cash provided by (used in) operating activities	0	0	0
Supplemental disclosure of non-cash information:
Gold bullion contributed for Shares issued	5,226,042,788	3,078,649,161	2,782,113,163
Gold bullion distributed for Shares redeemed	$ (1,418,257,979)	$ (1,483,295,672)	$ (826,600,408)

Schedules of Investments

Schedules of Investments	12 Months Ended
Schedules of Investments	Dec. 31, 2019
Notes to Financial Statements
Investment Holdings, Schedule of Investments [Text Block]	Schedules of Investments At December 31, 2019 2018 December 31, 2019 Description Ounces Cost Fair Value Gold bullion 11,577,252 $ 15,094,673,874 $ 17,632,155,037 Total Investment – 100.02% 17,632,155,037 Less Liabilities – (0.02)% (3,629,955 ) Net Assets – 100.00% $ 17,628,525,082 December 31, 2018 Description Ounces Cost Fair Value Gold bullion 9,009,541 $ 11,255,129,376 $ 11,547,078,166 Total Investment – 100.02% 11,547,078,166 Less Liabilities – (0.02)% (2,340,020 ) Net Assets – 100.00% $ 11,544,738,146 See notes to financial statements.

Note 1 - Organization

Note 1 - Organization	12 Months Ended
Note 1 - Organization	Dec. 31, 2019
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	1 - Organization The iShares Gold Trust (the “Trust”) was organized on January 21, 2005 December 22, 2016. 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 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	12 Months Ended
Note 2 - Significant Accounting Policies	Dec. 31, 2019
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 generally accepted accounting principles in the United States of America (“U.S. GAAP”). The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Certain statements and captions in the financial statements for the prior periods have been changed to conform to the current financial statement presentation. B. Gold Bullion JPMorgan Chase Bank N.A., London branch (the “Custodian”), is responsible for the safekeeping of gold bullion owned by the Trust. Fair value of the gold bullion held by the Trust is based on that day’s London Bullion Market Association (“LBMA”) Gold Price PM. “LBMA Gold Price PM” is the price per fine troy ounce of gold, stated in U.S. dollars, determined by ICE Benchmark Administration (“IBA”) following an electronic auction consisting of one 30 second 3:00 no 10:30 Gain or loss on sales of gold bullion is calculated on a trade date basis using the average cost method. The following tables summarize activity in gold bullion for the years ended December 31, 2019, 2018 2017: Year Ended December 31, 2019 Ounces Cost Fair Realized Beginning balance 9,009,541 $ 11,255,129,376 $ 11,547,078,166 $ — Gold bullion contributed 3,668,032 5,226,042,788 5,226,042,788 — Gold bullion distributed (1,075,809 ) (1,355,372,636 ) (1,418,257,979 ) 62,885,343 Gold bullion sold to pay expenses (24,512 ) (31,125,654 ) (34,028,445 ) 2,902,791 Net realized gain — — 65,788,134 — Net change in unrealized appreciation/depreciation — — 2,245,532,373 — Ending balance 11,577,252 $ 15,094,673,874 $ 17,632,155,037 $ 65,788,134 Year Ended December 31, 2018 Ounces Cost Fair Realized Beginning balance 7,828,465 $ 9,663,574,842 $ 10,149,604,427 $ — Gold bullion contributed 2,370,108 3,078,649,161 3,078,649,161 — Gold bullion distributed (1,167,483 ) (1,460,213,703 ) (1,483,295,672 ) 23,081,969 Gold bullion sold to pay expenses (21,549 ) (26,880,924 ) (27,290,381 ) 409,457 Net realized gain — — 23,491,426 — Net change in unrealized appreciation/depreciation — — (194,080,795 ) — Ending balance 9,009,541 $ 11,255,129,376 $ 11,547,078,166 $ 23,491,426 Year Ended December 31, 2017 Ounces Cost Fair Realized Beginning balance 6,308,062 $ 7,706,923,343 $ 7,311,674,849 $ — Gold bullion contributed 2,194,645 2,782,113,163 2,782,113,163 — Gold bullion distributed (657,409 ) (804,830,293 ) (826,600,408 ) 21,770,115 Gold bullion sold to pay expenses (16,833 ) (20,631,371 ) (21,077,170 ) 445,799 Net realized gain — — 22,215,914 — Net change in unrealized appreciation/depreciation — — 881,278,079 — Ending balance 7,828,465 $ 9,663,574,842 $ 10,149,604,427 $ 22,215,914 C. Calculati on 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. Share activities for the years ended December 31, 2019, 2018 2017 December 31, 2019 2018 2017 Shares Amount Shares Amount Shares Amount Shares issued 383,350,000 $ 5,226,042,788 247,000,000 $ 3,078,649,161 228,250,000 $ 2,782,113,163 Shares redeemed (112,400,000 ) (1,418,257,979 ) (121,700,000 ) (1,483,295,672 ) (68,350,000 ) (826,600,408 ) Net increase 270,950,000 $ 3,807,784,809 125,300,000 $ 1,595,353,489 159,900,000 $ 1,955,512,755 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 December 31, 2019 not

Note 3 - Trust Expenses

Note 3 - Trust Expenses	12 Months Ended
Note 3 - Trust Expenses	Dec. 31, 2019
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 0.25% of the net asset value of the Trust, paid monthly in arrears. The Sponsor has agreed to assume the following administrative and marketing expenses incurred by the Trust: the Trustee’s fee, the Custodian’s fee, NYSE Arca listing fees, SEC registration fees, printing and mailing costs, audit fees and expenses, and up to $100,000 per annum in legal fees and expenses.

Note 4 - Related Parties

Note 4 - Related Parties	12 Months Ended
Note 4 - Related Parties	Dec. 31, 2019
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	12 Months Ended
Note 5 - Indemnification	Dec. 31, 2019
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, as amended) and subsidiaries shall be indemnified from the Trust and held harmless against any loss, liability or expense incurred without their ( 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	12 Months Ended
Note 6 - Commitments and Contingent Liabilities	Dec. 31, 2019
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	12 Months Ended
Note 7 - Concentration Risk	Dec. 31, 2019
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 expectations with respect to the rate of inflation; interest rates; investment and trading activities of hedge funds and commodity funds; other economic variables such as income growth, economic output, and monetary policies; and investor confidence.

Note 8 - Financial Highlights

Note 8 - Financial Highlights	12 Months Ended
Note 8 - Financial Highlights	Dec. 31, 2019
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 years ended December 31, 2019, 2018 2017. December 31, 2019 2018 2017 Net asset value per Share, beginning of year $ 12.28 $ 12.45 $ 11.16 Net investment loss (a) (0.03 ) (0.03 ) (0.03 ) Net realized and unrealized gain (loss) (b) 2.31 (0.14 ) 1.32 Net increase (decrease) in net assets from operations 2.28 (0.17 ) 1.29 Net asset value per Share, end of year $ 14.56 $ 12.28 $ 12.45 Total return, at net asset value (c) 18.57 % (1.37 )% 11.56 % Ratio to average net assets: Net investment loss (0.25 )% (0.25 )% (0.25 )% Expenses 0.25 % 0.25 % 0.25 % (a) Based on average Shares outstanding during the year. (b) The amounts reported for a Share outstanding may not (c) Based on the change in net asset value of a Share during the year.

Note 9 - Investment Valuation

Note 9 - Investment Valuation	12 Months Ended
Note 9 - Investment Valuation	Dec. 31, 2019
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 December 31, 2019 December 31, 2018, 1.

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
Significant Accounting Policies (Policies)	Dec. 31, 2019
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 generally accepted accounting principles in the United States of America (“U.S. GAAP”). The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Certain statements and captions in the financial statements for the prior periods have been changed to conform to the current financial statement presentation.
Investment, Policy [Policy Text Block]	B. Gold Bullion JPMorgan Chase Bank N.A., London branch (the “Custodian”), is responsible for the safekeeping of gold bullion owned by the Trust. Fair value of the gold bullion held by the Trust is based on that day’s London Bullion Market Association (“LBMA”) Gold Price PM. “LBMA Gold Price PM” is the price per fine troy ounce of gold, stated in U.S. dollars, determined by ICE Benchmark Administration (“IBA”) following an electronic auction consisting of one 30 second 3:00 no 10:30 Gain or loss on sales of gold bullion is calculated on a trade date basis using the average cost method. The following tables summarize activity in gold bullion for the years ended December 31, 2019, 2018 2017: Year Ended December 31, 2019 Ounces Cost Fair Realized Beginning balance 9,009,541 $ 11,255,129,376 $ 11,547,078,166 $ — Gold bullion contributed 3,668,032 5,226,042,788 5,226,042,788 — Gold bullion distributed (1,075,809 ) (1,355,372,636 ) (1,418,257,979 ) 62,885,343 Gold bullion sold to pay expenses (24,512 ) (31,125,654 ) (34,028,445 ) 2,902,791 Net realized gain — — 65,788,134 — Net change in unrealized appreciation/depreciation — — 2,245,532,373 — Ending balance 11,577,252 $ 15,094,673,874 $ 17,632,155,037 $ 65,788,134 Year Ended December 31, 2018 Ounces Cost Fair Realized Beginning balance 7,828,465 $ 9,663,574,842 $ 10,149,604,427 $ — Gold bullion contributed 2,370,108 3,078,649,161 3,078,649,161 — Gold bullion distributed (1,167,483 ) (1,460,213,703 ) (1,483,295,672 ) 23,081,969 Gold bullion sold to pay expenses (21,549 ) (26,880,924 ) (27,290,381 ) 409,457 Net realized gain — — 23,491,426 — Net change in unrealized appreciation/depreciation — — (194,080,795 ) — Ending balance 9,009,541 $ 11,255,129,376 $ 11,547,078,166 $ 23,491,426 Year Ended December 31, 2017 Ounces Cost Fair Realized Beginning balance 6,308,062 $ 7,706,923,343 $ 7,311,674,849 $ — Gold bullion contributed 2,194,645 2,782,113,163 2,782,113,163 — Gold bullion distributed (657,409 ) (804,830,293 ) (826,600,408 ) 21,770,115 Gold bullion sold to pay expenses (16,833 ) (20,631,371 ) (21,077,170 ) 445,799 Net realized gain — — 22,215,914 — Net change in unrealized appreciation/depreciation — — 881,278,079 — Ending balance 7,828,465 $ 9,663,574,842 $ 10,149,604,427 $ 22,215,914
Calculation of Net Asset Value [Policy Text Block]	C. Calculati on 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. Share activities for the years ended December 31, 2019, 2018 2017 December 31, 2019 2018 2017 Shares Amount Shares Amount Shares Amount Shares issued 383,350,000 $ 5,226,042,788 247,000,000 $ 3,078,649,161 228,250,000 $ 2,782,113,163 Shares redeemed (112,400,000 ) (1,418,257,979 ) (121,700,000 ) (1,483,295,672 ) (68,350,000 ) (826,600,408 ) Net increase 270,950,000 $ 3,807,784,809 125,300,000 $ 1,595,353,489 159,900,000 $ 1,955,512,755
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 December 31, 2019 not

Schedules of Investments (Table

Schedules of Investments (Tables)	12 Months Ended
Schedules of Investments (Tables)	Dec. 31, 2019
Notes Tables
Investment [Table Text Block]	Description Ounces Cost Fair Value Gold bullion 11,577,252 $ 15,094,673,874 $ 17,632,155,037 Total Investment – 100.02% 17,632,155,037 Less Liabilities – (0.02)% (3,629,955 ) Net Assets – 100.00% $ 17,628,525,082 Description Ounces Cost Fair Value Gold bullion 9,009,541 $ 11,255,129,376 $ 11,547,078,166 Total Investment – 100.02% 11,547,078,166 Less Liabilities – (0.02)% (2,340,020 ) Net Assets – 100.00% $ 11,544,738,146

Note 2 - Significant Accounti_2

Note 2 - Significant Accounting Policies (Tables)	12 Months Ended
Note 2 - Significant Accounting Policies (Tables)	Dec. 31, 2019
Notes Tables
Activity in Gold Bullion [Table Text Block]	Year Ended December 31, 2019 Ounces Cost Fair Realized Beginning balance 9,009,541 $ 11,255,129,376 $ 11,547,078,166 $ — Gold bullion contributed 3,668,032 5,226,042,788 5,226,042,788 — Gold bullion distributed (1,075,809 ) (1,355,372,636 ) (1,418,257,979 ) 62,885,343 Gold bullion sold to pay expenses (24,512 ) (31,125,654 ) (34,028,445 ) 2,902,791 Net realized gain — — 65,788,134 — Net change in unrealized appreciation/depreciation — — 2,245,532,373 — Ending balance 11,577,252 $ 15,094,673,874 $ 17,632,155,037 $ 65,788,134 Year Ended December 31, 2018 Ounces Cost Fair Realized Beginning balance 7,828,465 $ 9,663,574,842 $ 10,149,604,427 $ — Gold bullion contributed 2,370,108 3,078,649,161 3,078,649,161 — Gold bullion distributed (1,167,483 ) (1,460,213,703 ) (1,483,295,672 ) 23,081,969 Gold bullion sold to pay expenses (21,549 ) (26,880,924 ) (27,290,381 ) 409,457 Net realized gain — — 23,491,426 — Net change in unrealized appreciation/depreciation — — (194,080,795 ) — Ending balance 9,009,541 $ 11,255,129,376 $ 11,547,078,166 $ 23,491,426 Year Ended December 31, 2017 Ounces Cost Fair Realized Beginning balance 6,308,062 $ 7,706,923,343 $ 7,311,674,849 $ — Gold bullion contributed 2,194,645 2,782,113,163 2,782,113,163 — Gold bullion distributed (657,409 ) (804,830,293 ) (826,600,408 ) 21,770,115 Gold bullion sold to pay expenses (16,833 ) (20,631,371 ) (21,077,170 ) 445,799 Net realized gain — — 22,215,914 — Net change in unrealized appreciation/depreciation — — 881,278,079 — Ending balance 7,828,465 $ 9,663,574,842 $ 10,149,604,427 $ 22,215,914
Schedule of Capital Units [Table Text Block]	December 31, 2019 2018 2017 Shares Amount Shares Amount Shares Amount Shares issued 383,350,000 $ 5,226,042,788 247,000,000 $ 3,078,649,161 228,250,000 $ 2,782,113,163 Shares redeemed (112,400,000 ) (1,418,257,979 ) (121,700,000 ) (1,483,295,672 ) (68,350,000 ) (826,600,408 ) Net increase 270,950,000 $ 3,807,784,809 125,300,000 $ 1,595,353,489 159,900,000 $ 1,955,512,755

Note 8 - Financial Highlights (

Note 8 - Financial Highlights (Tables)	12 Months Ended
Note 8 - Financial Highlights (Tables)	Dec. 31, 2019
Notes Tables
Financial Highlights [Table Text Block]	December 31, 2019 2018 2017 Net asset value per Share, beginning of year $ 12.28 $ 12.45 $ 11.16 Net investment loss (a) (0.03 ) (0.03 ) (0.03 ) Net realized and unrealized gain (loss) (b) 2.31 (0.14 ) 1.32 Net increase (decrease) in net assets from operations 2.28 (0.17 ) 1.29 Net asset value per Share, end of year $ 14.56 $ 12.28 $ 12.45 Total return, at net asset value (c) 18.57 % (1.37 )% 11.56 % Ratio to average net assets: Net investment loss (0.25 )% (0.25 )% (0.25 )% Expenses 0.25 % 0.25 % 0.25 %

Schedules of Investments - Inve

Schedules of Investments - Investments (Details)	Dec. 31, 2019USD ($)oz	Dec. 31, 2018USD ($)oz	Dec. 31, 2017USD ($)oz	Dec. 31, 2016USD ($)oz
Gold bullion (Ounce) \| oz	11,577,252	9,009,541	7,828,465	6,308,062
Investment in gold bullion, cost	$ 15,094,673,874	$ 11,255,129,376	$ 9,663,574,842	$ 7,706,923,343
Gold bullion fair value	17,632,155,037	11,547,078,166
Less Liabilities	(3,629,955)	(2,340,020)
Net Assets	$ 17,628,525,082	$ 11,544,738,146	$ 10,147,507,137	$ 7,310,131,020

Schedules of Investments - In_2

Schedules of Investments - Investments (Details) (Parentheticals)	Dec. 31, 2019	Dec. 31, 2018
Total investment, percentage of net asset value	100.02%	100.02%
Less liabilities, percentage of net asset value	(0.02%)	(0.02%)
Net assets, percentage of net asset value	100.00%	100.00%

Note 2 - Significant Accounti_3

Note 2 - Significant Accounting Policies (Details Textual)	Dec. 31, 2019shares
Shares Prescribed Aggregation	50,000

Note 2 - Significant Accounti_4

Note 2 - Significant Accounting Policies - Activity in Gold Bullion (Details)	12 Months Ended
	Dec. 31, 2019USD ($)oz		Dec. 31, 2018USD ($)oz		Dec. 31, 2017USD ($)oz
Beginning balance (Ounce) \| oz	9,009,541		7,828,465		6,308,062
Beginning balance, average cost	$ 11,255,129,376		$ 9,663,574,842		$ 7,706,923,343
Beginning balance, fair value	$ 11,547,078,166	[1]	$ 10,149,604,427		$ 7,311,674,849
Gold bullion contributed (Ounce) \| oz	3,668,032		2,370,108		2,194,645
Gold bullion contributed, average cost	$ 5,226,042,788		$ 3,078,649,161		$ 2,782,113,163
Gold bullion contributed, fair value	$ 5,226,042,788		$ 3,078,649,161		$ 2,782,113,163
Gold bullion distributed (Ounce) \| oz	(1,075,809)		(1,167,483)		(657,409)
Gold bullion distributed, average cost	$ (1,355,372,636)		$ (1,460,213,703)		$ (804,830,293)
Gold bullion distributed, fair value	(1,418,257,979)		(1,483,295,672)		(826,600,408)
Gold bullion distributed, realized gain (loss)	$ 62,885,343		$ 23,081,969		$ 21,770,115
Gold bullion sold to pay expenses (Ounce) \| oz	(24,512)		(21,549)		(16,833)
Gold bullion sold to pay expenses, average cost	$ (31,125,654)		$ (26,880,924)		$ (20,631,371)
Gold bullion sold to pay expenses, fair value	(34,028,445)		(27,290,381)		(21,077,170)
Gold bullion sold to pay expenses, realized gain (loss)	2,902,791		409,457		445,799
Net realized gain (loss), fair value	65,788,134		23,491,426		22,215,914
Net change in unrealized appreciation/depreciation, fair value	$ 2,245,532,373		$ (194,080,795)		$ 881,278,079
Ending balance (Ounce) \| oz	11,577,252		9,009,541		7,828,465
Ending balance, average cost	$ 15,094,673,874		$ 11,255,129,376		$ 9,663,574,842
Ending balance, fair value	17,632,155,037	[1]	11,547,078,166	[1]	10,149,604,427
Ending balance, realized gain (loss)	$ 65,788,134		$ 23,491,426		$ 22,215,914

[1]	Cost of investment in gold bullion: $15,094,673,874 and $11,255,129,376, respectively.

Note 2 - Significant Accounti_5

Note 2 - Significant Accounting Policies - Share Activity (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Shares issued (in shares)	383,350,000	247,000,000	228,250,000
Shares issued, amount	$ 5,226,042,788	$ 3,078,649,161	$ 2,782,113,163
Shares redeemed (in shares)	(112,400,000)	(121,700,000)	(68,350,000)
Distributions for Shares redeemed	$ (1,418,257,979)	$ (1,483,295,672)	$ (826,600,408)
Net increase in Shares issued and outstanding (in shares)	270,950,000	125,300,000	159,900,000
Net increase (decrease) in net assets from capital share transactions	$ 3,807,784,809	$ 1,595,353,489	$ 1,955,512,755

Note 3 - Trust Expenses (Detail

Note 3 - Trust Expenses (Details Textual)	12 Months Ended
Note 3 - Trust Expenses (Details Textual)	Dec. 31, 2019USD ($)
Sponsors Fee Annualized Accrual Rate Based on Daily Net Asset Value	0.25%
Maximum [Member]
Legal Fees Per Year	$ 100,000

Note 8 - Financial Highlights -

Note 8 - Financial Highlights - Financial Highlights (Details) - $ / shares		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Net asset value per Share, beginning of year (in dollars per share)		$ 12.28	$ 12.45	$ 11.16
Net investment loss (in dollars per share)	[1]	(0.03)	(0.03)	(0.03)
Net realized and unrealized gain (loss) (in dollars per share)	[2]	2.31	(0.14)	1.32
Net increase (decrease) in net assets from operations (in dollars per share)		2.28	(0.17)	1.29
Net asset value per Share, end of year (in dollars per share)		$ 14.56	$ 12.28	$ 12.45
Total return, at net asset value	[3]	18.57%	(1.37%)	11.56%
Ratio to average net assets:
Net investment loss		(0.25%)	(0.25%)	(0.25%)
Expenses		0.25%	0.25%	0.25%

[1]	Based on average Shares outstanding during the year.
[2]	The amounts reported for a Share outstanding may not accord with the change in aggregate gains and losses on investment for the period due to the timing of Trust Share transactions in relation to the fluctuating fair values of the Trust's underlying investment.
[3]	Based on the change in net asset value of a Share during the year.