iShares Gold Trust Micro (IAUM) 10-Q5 May 232023 Q1 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Mar. 31, 2023	Apr. 28, 2023
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	Q1
Document Fiscal Year Focus	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
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		52,100,000

Statements of Assets and Liabil

Statements of Assets and Liabilities (Unaudited) - USD ($)		Mar. 31, 2023	Dec. 31, 2022
Assets
Investment in gold bullion, at fair value	[1]	$ 963,929,469	$ 1,127,908,719
Total Assets		963,929,469	1,127,908,719
Liabilities
Sponsor’s fees payable		57,219	64,547
Total Liabilities		57,219	64,547
Commitments and contingent liabilities (Note 6)
Net Assets		$ 963,872,250	$ 1,127,844,172
Shares issued and outstanding (in shares)	[2]	48,750,000	62,300,000
Net asset value per Share (Note 2C) (in dollars per share)		$ 19.77	$ 18.10

[1]Cost of investment in gold bullion: $879,552,058 and $1,120,732,110, 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	Mar. 31, 2023	Dec. 31, 2022
Investment in gold bullion, cost	$ 879,552,058	$ 1,120,732,110
Shares, par value (in dollars per share)	$ 0	$ 0
Shares, issued (in shares)	48,750,000	62,300,000

Statements of Operations (Unaud

Statements of Operations (Unaudited) - USD ($)		3 Months Ended
Statements of Operations (Unaudited) - USD ($)		Mar. 31, 2023	Mar. 31, 2022
Expenses
Sponsor’s fees		$ 234,912	$ 437,075
Sponsor’s fees waiver		(52,208)	(233,058)
Total expenses		182,704	204,017
Net investment loss		(182,704)	(204,017)
Net Realized and Unrealized Gain (Loss)
Gold bullion sold to pay expenses		6,996	4,816
Gold bullion distributed for the redemption of Shares		14,576,410	3,613,498
Net realized gain		14,583,406	3,618,314
Net change in unrealized appreciation/depreciation		77,200,802	77,556,610
Net realized and unrealized gain		91,784,208	81,174,924
Net increase in net assets resulting from operations		$ 91,601,504	$ 80,970,907
Net increase in net assets per Share (in dollars per share)	[1]	$ 1.64	$ 1.27

[1]Net increase 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 ($)	3 Months Ended
Statements of Changes in Net Assets (Unaudited) - USD ($)	Mar. 31, 2023	Mar. 31, 2022
Net Assets, Beginning of Period	$ 1,127,844,172	$ 872,384,122
Operations:
Net investment loss	(182,704)	(204,017)
Net realized gain	14,583,406	3,618,314
Net change in unrealized appreciation/depreciation	77,200,802	77,556,610
Net increase in net assets resulting from operations	91,601,504	80,970,907
Capital Share Transactions:
Contributions for Shares issued	75,395,013	421,813,732
Distributions for Shares redeemed	(330,968,439)	(49,444,381)
Net increase (decrease) in net assets from capital share transactions	(255,573,426)	372,369,351
Increase (decrease) in net assets	(163,971,922)	453,340,258
Net Assets, End of Period	$ 963,872,250	$ 1,325,724,380
Shares issued and redeemed
Shares issued (in shares)	4,000,000	22,900,000
Shares redeemed (in shares)	(17,550,000)	(2,550,000)
Net decrease in Shares issued and outstanding (in shares)	(13,550,000)	20,350,000

Statements of Cash Flows (Unaud

Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
Statements of Cash Flows (Unaudited) - USD ($)	Mar. 31, 2023	Mar. 31, 2022
Cash Flows from Operating Activities
Proceeds from gold bullion sold to pay expenses	$ 190,032	$ 177,684
Expenses – Sponsor's fees paid	(190,032)	(177,684)
Net cash provided by (used in) operating activities	0	0
Increase (decrease) in cash	0	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 increase in net assets resulting from operations	91,601,504	80,970,907
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	190,032	177,684
Net realized (gain) loss	(14,583,406)	(3,618,314)
Net change in unrealized appreciation/depreciation	(77,200,802)	(77,556,610)
Change in operating assets and liabilities:
Sponsor’s fees payable	(7,328)	26,333
Net cash provided by (used in) operating activities	0	0
Supplemental disclosure of non-cash information:
Gold bullion contributed for Shares issued	75,395,013	421,813,732
Gold bullion distributed for Shares redeemed	$ (330,968,439)	$ (49,444,381)

Schedules of Investments (Unaud

Schedules of Investments (Unaudited)	3 Months Ended
Schedules of Investments (Unaudited)	Mar. 31, 2023
Notes to Financial Statements
Schedule of Investments [Text Block]	® Gold Trust Micro Schedules of Investments (Unaudited) At March 31, 2023 December 31, 2022 March 31, 2023 Description Ounces Cost Fair Value Gold bullion 486,907 $ 879,552,058 $ 963,929,469 Total Investments – 100.01% 963,929,469 Less Liabilities – (0.01)% (57,219 ) Net Assets – 100.00% $ 963,872,250 December 31, 2022 Description Ounces Cost Fair Value Gold Bullion 622,347 $ 1,120,732,110 $ 1,127,908,719 Total Investments – 100.01% 1,127,908,719 Less Liabilities – (0.01)% (64,547 ) Net Assets – 100.00% $ 1,127,844,172

Note 1 - Organization

Note 1 - Organization	3 Months Ended
Note 1 - Organization	Mar. 31, 2023
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 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, 2022, February 23, 2023. 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	3 Months Ended
Note 2 - Significant Accounting Policies	Mar. 31, 2023
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 March 31, 2023 2022: Three Months Ended March 31, 2023 Ounces Cost Fair Value Realized Gain (Loss) Beginning balance 622,347 $ 1,120,732,110 $ 1,127,908,719 $ — Gold bullion contributed 39,953 75,395,013 75,395,013 — Gold bullion distributed (175,291 ) (316,392,029 ) (330,968,439 ) 14,576,410 Gold bullion sold to pay expenses (102 ) (183,036 ) (190,032 ) 6,996 Net realized gain — — 14,583,406 — Net change in unrealized appreciation/depreciation — — 77,200,802 — Ending balance 486,907 $ 879,552,058 $ 963,929,469 $ 14,583,406 Three Months Ended March 31, 2022 Ounces Cost Fair Value Realized Gain (Loss) Beginning balance 479,334 $ 858,638,067 $ 872,434,117 $ — Gold bullion contributed 228,895 421,813,732 421,813,732 — Gold bullion distributed (25,486 ) (45,830,883 ) (49,444,381 ) 3,613,498 Gold bullion sold to pay expenses (96 ) (172,868 ) (177,684 ) 4,816 Net realized gain — — 3,618,314 — Net change in unrealized appreciation/depreciation — — 77,556,610 — Ending balance 682,647 $ 1,234,448,048 $ 1,325,800,708 $ 3,618,314 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 March 31, 2023 not

Note 3 - Trust Expenses

Note 3 - Trust Expenses	3 Months Ended
Note 3 - Trust Expenses	Mar. 31, 2023
Notes to Financial Statements
Trust Expenses [Text Block]	3 Trust Expenses 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 October 25, 2022, March 31, 2023,

Note 4 - Related Parties

Note 4 - Related Parties	3 Months Ended
Note 4 - Related Parties	Mar. 31, 2023
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

Note 5 - Indemnification

Note 5 - Indemnification	3 Months Ended
Note 5 - Indemnification	Mar. 31, 2023
Notes to Financial Statements
Indemnification [Text Block]	5 Indemnification 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.

Note 6 - Commitments and Contin

Note 6 - Commitments and Contingent Liabilities	3 Months Ended
Note 6 - Commitments and Contingent Liabilities	Mar. 31, 2023
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	3 Months Ended
Note 7 - Concentration Risk	Mar. 31, 2023
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	3 Months Ended
Note 8 - Financial Highlights	Mar. 31, 2023
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 March 31, 2023 2022. Three Months Ended March 31, 2023 2022 Net asset value per Share, beginning of period $ 18.10 $ 18.19 Net investment income (a) (0.00 ) (b) (0.00 ) (b) Net realized and unrealized gain (c) 1.67 1.22 Net increase in net assets from operations 1.67 1.22 Net asset value per Share, end of period $ 19.77 $ 19.41 Total return, at net asset value (d)(e) 9.23 % 6.71 % Ratio to average net assets: Net investment loss (f) (0.07 )% (0.07 )% Total expenses (f) 0.09 % 0.15 % Total expenses after fees waived 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	3 Months Ended
Note 9 - Investment Valuation	Mar. 31, 2023
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 March 31, 2023 December 31, 2022, 1.

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
Significant Accounting Policies (Policies)	Mar. 31, 2023
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 March 31, 2023 2022: Three Months Ended March 31, 2023 Ounces Cost Fair Value Realized Gain (Loss) Beginning balance 622,347 $ 1,120,732,110 $ 1,127,908,719 $ — Gold bullion contributed 39,953 75,395,013 75,395,013 — Gold bullion distributed (175,291 ) (316,392,029 ) (330,968,439 ) 14,576,410 Gold bullion sold to pay expenses (102 ) (183,036 ) (190,032 ) 6,996 Net realized gain — — 14,583,406 — Net change in unrealized appreciation/depreciation — — 77,200,802 — Ending balance 486,907 $ 879,552,058 $ 963,929,469 $ 14,583,406 Three Months Ended March 31, 2022 Ounces Cost Fair Value Realized Gain (Loss) Beginning balance 479,334 $ 858,638,067 $ 872,434,117 $ — Gold bullion contributed 228,895 421,813,732 421,813,732 — Gold bullion distributed (25,486 ) (45,830,883 ) (49,444,381 ) 3,613,498 Gold bullion sold to pay expenses (96 ) (172,868 ) (177,684 ) 4,816 Net realized gain — — 3,618,314 — Net change in unrealized appreciation/depreciation — — 77,556,610 — Ending balance 682,647 $ 1,234,448,048 $ 1,325,800,708 $ 3,618,314
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 March 31, 2023 not

Schedules of Investments (Una_2

Schedules of Investments (Unaudited) (Tables)	3 Months Ended
Schedules of Investments (Unaudited) (Tables)	Mar. 31, 2023
Notes Tables
Investment [Table Text Block]	Description Ounces Cost Fair Value Gold bullion 486,907 $ 879,552,058 $ 963,929,469 Total Investments – 100.01% 963,929,469 Less Liabilities – (0.01)% (57,219 ) Net Assets – 100.00% $ 963,872,250 Description Ounces Cost Fair Value Gold Bullion 622,347 $ 1,120,732,110 $ 1,127,908,719 Total Investments – 100.01% 1,127,908,719 Less Liabilities – (0.01)% (64,547 ) Net Assets – 100.00% $ 1,127,844,172

Note 2 - Significant Accounti_2

Note 2 - Significant Accounting Policies (Tables)	3 Months Ended
Note 2 - Significant Accounting Policies (Tables)	Mar. 31, 2023
Notes Tables
Activity in Gold Bullion [Table Text Block]	Three Months Ended March 31, 2023 Ounces Cost Fair Value Realized Gain (Loss) Beginning balance 622,347 $ 1,120,732,110 $ 1,127,908,719 $ — Gold bullion contributed 39,953 75,395,013 75,395,013 — Gold bullion distributed (175,291 ) (316,392,029 ) (330,968,439 ) 14,576,410 Gold bullion sold to pay expenses (102 ) (183,036 ) (190,032 ) 6,996 Net realized gain — — 14,583,406 — Net change in unrealized appreciation/depreciation — — 77,200,802 — Ending balance 486,907 $ 879,552,058 $ 963,929,469 $ 14,583,406 Three Months Ended March 31, 2022 Ounces Cost Fair Value Realized Gain (Loss) Beginning balance 479,334 $ 858,638,067 $ 872,434,117 $ — Gold bullion contributed 228,895 421,813,732 421,813,732 — Gold bullion distributed (25,486 ) (45,830,883 ) (49,444,381 ) 3,613,498 Gold bullion sold to pay expenses (96 ) (172,868 ) (177,684 ) 4,816 Net realized gain — — 3,618,314 — Net change in unrealized appreciation/depreciation — — 77,556,610 — Ending balance 682,647 $ 1,234,448,048 $ 1,325,800,708 $ 3,618,314

Note 8 - Financial Highlights (

Note 8 - Financial Highlights (Tables)	3 Months Ended
Note 8 - Financial Highlights (Tables)	Mar. 31, 2023
Notes Tables
Financial Highlights [Table Text Block]	Three Months Ended March 31, 2023 2022 Net asset value per Share, beginning of period $ 18.10 $ 18.19 Net investment income (a) (0.00 ) (b) (0.00 ) (b) Net realized and unrealized gain (c) 1.67 1.22 Net increase in net assets from operations 1.67 1.22 Net asset value per Share, end of period $ 19.77 $ 19.41 Total return, at net asset value (d)(e) 9.23 % 6.71 % Ratio to average net assets: Net investment loss (f) (0.07 )% (0.07 )% Total expenses (f) 0.09 % 0.15 % Total expenses after fees waived 0.07 % 0.07 %

Schedules of Investments (Una_3

Schedules of Investments (Unaudited) - Investments (Details)	Mar. 31, 2023 USD ($) oz	Dec. 31, 2022 USD ($) oz	Mar. 31, 2022 USD ($) oz	Dec. 31, 2021 USD ($) oz
Gold bullion (Ounce) \| oz	486,907	622,347	682,647	479,334
Investment in gold bullion, cost	$ 879,552,058	$ 1,120,732,110	$ 1,234,448,048	$ 858,638,067
Gold bullion fair value	963,929,469	1,127,908,719
Less Liabilities	(57,219)	(64,547)
Net Assets	$ 963,872,250	$ 1,127,844,172	$ 1,325,724,380	$ 872,384,122

Schedules of Investments (Una_4

Schedules of Investments (Unaudited) - Investments (Details) (Parentheticals)	Mar. 31, 2023	Dec. 31, 2022
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)	Mar. 31, 2023 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
	Mar. 31, 2023 USD ($) oz		Mar. 31, 2022 USD ($) oz
Beginning balance (Ounce) \| oz	622,347		479,334
Beginning balance, average cost	$ 1,120,732,110		$ 858,638,067
Beginning balance, fair value	$ 1,127,908,719	[1]	$ 872,434,117
Gold bullion contributed (Ounce) \| oz	39,953		228,895
Gold bullion contributed, average cost	$ 75,395,013		$ 421,813,732
Gold bullion contributed, fair value	$ 75,395,013		$ 421,813,732
Gold bullion distributed (Ounce) \| oz	(175,291)		(25,486)
Gold bullion distributed, average cost	$ (316,392,029)		$ (45,830,883)
Gold bullion distributed, fair value	(330,968,439)		(49,444,381)
Gold bullion distributed, realized gain (loss)	$ 14,576,410		$ 3,613,498
Gold bullion sold to pay expenses (Ounce) \| oz	(102)		(96)
Gold bullion sold to pay expenses, average cost	$ (183,036)		$ (172,868)
Gold bullion sold to pay expenses, fair value	(190,032)		(177,684)
Gold bullion sold to pay expenses, realized gain (loss)	6,996		4,816
Net realized gain (loss), fair value	14,583,406		3,618,314
Net change in unrealized appreciation/depreciation, fair value	$ 77,200,802		$ 77,556,610
Ending balance (Ounce) \| oz	486,907		682,647
Ending balance, average cost	$ 879,552,058		$ 1,234,448,048
Ending balance, fair value	963,929,469	[1]	1,325,800,708
Ending balance, realized gain (loss)	$ 14,583,406		$ 3,618,314

[1]Cost of investment in gold bullion: $879,552,058 and $1,120,732,110, respectively.

Note 3 - Trust Expenses (Detail

Note 3 - Trust Expenses (Details Textual) - USD ($)	3 Months Ended		16 Months Ended	72 Months Ended
Note 3 - Trust Expenses (Details Textual) - USD ($)	Mar. 31, 2023	Mar. 31, 2022	Oct. 25, 2022	Jun. 30, 2027
Sponsors Fee Annualized Accrual Rate Based on Daily Net Asset Value	0.09%		0.15%
Sponsor Fees Waived	$ 52,208	$ 233,058
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
		Mar. 31, 2023	Mar. 31, 2022
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)

[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
		Mar. 31, 2023	Mar. 31, 2022
Net asset value per Share, beginning of period (in dollars per share)		$ 18.10	$ 18.19
Net investment income (in dollars per share)	[1],[2]	0	0
Net realized and unrealized gain (in dollars per share)	[3]	1.67	1.22
Net increase in net assets from operations (in dollars per share)		1.67	1.22
Net asset value per Share, end of period (in dollars per share)		$ 19.77	$ 19.41
Total return, at net asset value	[4],[5]	9.23%	6.71%
Ratio to average net assets:
Net investment loss	[6]	(0.07%)	(0.07%)
Total expenses	[6]	0.09%	0.15%
Total expenses after fees waived		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 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.