iShares Gold Trust Micro (IAUM) 10-K16 Feb 242023 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, 2023	Jan. 31, 2024	Jun. 30, 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	FY
Document Fiscal Year Focus	2023
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 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 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
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 916,320,000
Entity Common Stock, Shares Outstanding		47,800,000
Auditor Firm ID	238
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	Philadelphia, Pennsylvania

Statements of Assets and Liabil

Statements of Assets and Liabilities - USD ($)		Dec. 31, 2023	Dec. 31, 2022
Assets
Investment in gold bullion, at fair value	[1]	$ 1,221,895,792	$ 1,127,908,719
Total Assets		1,221,895,792	1,127,908,719
Liabilities
Sponsor’s fees payable		65,622	64,547
Total Liabilities		65,622	64,547
Commitments and contingent liabilities (Note 6)
Net Assets		$ 1,221,830,170	$ 1,127,844,172
Shares issued and outstanding (in shares)	[2]	59,350,000	62,300,000
Net asset value per Share (Note 2C) (in dollars per share)		$ 20.59	$ 18.1

[1]Cost of investment in gold bullion: $1,105,542,600 and $1,120,732,110, 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, 2023	Dec. 31, 2022
Investment in gold bullion, cost	$ 1,105,542,600	$ 1,120,732,110
Shares, par value (in dollars per share)	$ 0	$ 0
Shares, issued (in shares)	59,350,000	62,300,000

Statements of Operations

Statements of Operations - USD ($)		7 Months Ended	12 Months Ended
Statements of Operations - USD ($)		Dec. 31, 2021	Dec. 31, 2023	Dec. 31, 2022
Expenses
Sponsor’s fees		$ 499,193	$ 882,775	$ 1,539,270
Sponsor’s fees waiver		(266,088)	(196,195)	(765,845)
Total expenses		233,105	686,580	773,425
Net investment loss		(233,105)	(686,580)	(773,425)
Net Realized and Unrealized Gain (Loss)
Gold bullion sold to pay expenses		(392)	40,838	(2,481)
Gold bullion distributed for the redemption of Shares		101,713	29,060,925	9,817,439
Net realized gain		101,321	29,101,763	9,814,958
Net change in unrealized appreciation/depreciation		13,796,050	109,176,583	(6,619,441)
Net realized and unrealized gain		13,897,371	138,278,346	3,195,517
Net increase in net assets resulting from operations		$ 13,664,266	$ 137,591,766	$ 2,422,092
Net increase (decrease) in net assets per Share (in dollars per share)	[1]	$ 0.4	$ 2.72	$ 0.04

[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 - USD ($)	7 Months Ended		12 Months Ended
Statements of Changes in Net Assets - USD ($)	Dec. 31, 2021		Dec. 31, 2023	Dec. 31, 2022
Net Assets, Beginning of Period	$ 9,325,500		$ 1,127,844,172	$ 872,384,122
Operations:
Net investment loss	(233,105)		(686,580)	(773,425)
Net realized gain	101,321		29,101,763	9,814,958
Net change in unrealized appreciation/depreciation	13,796,050		109,176,583	(6,619,441)
Net increase in net assets resulting from operations	13,664,266		137,591,766	2,422,092
Capital Share Transactions:
Contributions for Shares issued	885,306,489	[1],[2]	513,224,828	568,682,673
Distributions for Shares redeemed	(35,912,133)	[1],[2]	(556,830,596)	(315,644,715)
Net increase (decrease) in net assets from capital share transactions	849,394,356	[1],[2]	(43,605,768)	253,037,958
Increase in net assets	863,058,622		93,985,998	255,460,050
Net Assets, End of Period	$ 872,384,122		$ 1,221,830,170	$ 1,127,844,172
Shares issued and redeemed
Shares issued (in shares)	49,450,000	[1],[2]	26,200,000	31,300,000
Shares redeemed (in shares)	(2,000,000)	[1],[2]	(29,150,000)	(16,950,000)
Net increase (decrease) in Shares issued and outstanding (in shares)	47,450,000	[1],[2]	(2,950,000)	14,350,000

[1]BlackRock Financial Management, Inc. (the “Seed Capital Investor”), contributed 5,000 ounces of Gold in exchange for 500,000 shares (the “Seed Creation Baskets”) on June 15, 2021 for the benefit of BlackRock Financial Management, Inc. At contribution, the value of the gold deposited with the Trust was based on the price of an ounce of gold of $1,865.10. The Seed Capital Investor is an affiliate of the Sponsor. The Seed Capital Investor did not not receive from the Trust, the Sponsor or any of their affiliates any fee or other compensation in connection with the sale of the Seed Creation Baskets. At December 31, 2021, the Seed Capital Investor no longer owned any shares of the Trust.[2]Period from June 15, 2021 (date of inception) to December 31, 2021.

Statements of Cash Flows

Statements of Cash Flows - USD ($)	7 Months Ended	12 Months Ended
Statements of Cash Flows - USD ($)	Dec. 31, 2021	Dec. 31, 2023	Dec. 31, 2022
Cash Flows from Operating Activities
Proceeds from gold bullion sold to pay expenses	$ 183,110	$ 685,505	$ 758,873
Expenses – Sponsor's fees paid	(183,110)	(685,505)	(758,873)
Net cash provided by (used in) operating activities	0	0	0
Increase (decrease) in cash	0	0	0
Cash, beginning of period	0	0	0
Cash, end of period	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	13,664,266	137,591,766	2,422,092
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	183,110	685,505	758,873
Net realized (gain)	(101,321)	(29,101,763)	(9,814,958)
Net change in unrealized appreciation/depreciation	(13,796,050)	(109,176,583)	6,619,441
Change in operating assets and liabilities:
Sponsor’s fees payable	49,995	1,075	14,552
Net cash provided by (used in) operating activities	0	0	0
Supplemental disclosure of non-cash information:
Gold bullion contributed for Shares issued	885,306,489	513,224,828	568,682,673
Gold bullion distributed for Shares redeemed	$ (35,912,133)	$ (556,830,596)	$ (315,644,715)

Insider Trading Arrangements

Insider Trading Arrangements	12 Months Ended
Insider Trading Arrangements	Dec. 31, 2023
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	9B. Not
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

Schedules of Investments

Schedules of Investments	12 Months Ended
Schedules of Investments	Dec. 31, 2023
Notes to Financial Statements
Schedule of Investments [Text Block]	iShares ® Schedules of Investments At December 31, 2023 2022 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 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 See notes to financial statements.

Note 1 - Organization

Note 1 - Organization	12 Months Ended
Note 1 - Organization	Dec. 31, 2023
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	1 The 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 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, 2023
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. 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, 2023, 2022 June 15, 2021 ( December 31, 2021: Year Ended December 31, 2023 Ounces Cost Fair Realized Beginning balance 622,347 $ 1,120,732,110 $ 1,127,908,719 $ — Gold bullion contributed 261,592 513,224,828 513,224,828 — Gold bullion distributed (291,121 ) (527,769,671 ) (556,830,596 ) 29,060,925 Gold bullion sold to pay expenses (354 ) (644,667 ) (685,505 ) 40,838 Net realized gain — — 29,101,763 — Net change in unrealized appreciation/depreciation — — 109,176,583 — Ending balance 592,464 $ 1,105,542,600 $ 1,221,895,792 $ 29,101,763 Year Ended December 31, 2022 Ounces Cost Fair Realized Beginning balance 479,334 $ 858,638,067 $ 872,434,117 $ — Gold bullion contributed 312,815 568,682,673 568,682,673 — Gold bullion distributed (169,380 ) (305,827,276 ) (315,644,715 ) 9,817,439 Gold bullion sold to pay expenses (422 ) (761,354 ) (758,873 ) (2,481 ) Net realized gain — — 9,814,958 — Net change in unrealized appreciation/depreciation — — (6,619,441 ) — Ending balance 622,347 $ 1,120,732,110 $ 1,127,908,719 $ 9,814,958 Period from June 15, 2021 (Date of Inception) to December 31, 2021 Ounces Cost Fair Realized Beginning balance 5,000 $ 9,325,500 $ 9,325,500 $ — Gold bullion contributed 494,428 885,306,489 885,306,489 — Gold bullion distributed (19,992 ) (35,810,420 ) (35,912,133 ) 101,713 Gold bullion sold to pay expenses (102 ) (183,502 ) (183,110 ) (392 ) Net realized gain — — 101,321 — Net change in unrealized appreciation/depreciation — — 13,796,050 — Ending balance 479,334 $ 858,638,067 $ 872,434,117 $ 101,321 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. Share activities for the years ended December 31, 2023, 2022 June 15, 2021 ( December 31, 2021: December 31, 2023 2022 2021 (a)(b) Shares Amount Shares Amount Shares Amount Shares issued 26,200,000 $ 513,224,828 31,300,000 $ 568,682,673 49,450,000 $ 885,306,489 Shares redeemed (29,150,000 ) (556,830,596 ) (16,950,000 ) (315,644,715 ) (2,000,000 ) (35,912,133 ) Net increase (decrease) (2,950,000 ) $ (43,605,768 ) 14,350,000 $ 253,037,958 47,450,000 $ 849,394,356 (a) Period from June 15, 2021 ( December 31, 2021. (b) BlackRock Financial Management, Inc. (the “Seed Capital Investor”), contributed 5,000 ounces of Gold in exchange for 500,000 shares (the “Seed Creation Baskets”) on June 15, 2021 not not December 31, 2021, no 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, 2023 not

Note 3 - Trust Expenses

Note 3 - Trust Expenses	12 Months Ended
Note 3 - Trust Expenses	Dec. 31, 2023
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 December 31, 2023,

Note 4 - Related Parties

Note 4 - Related Parties	12 Months Ended
Note 4 - Related Parties	Dec. 31, 2023
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, 2023
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.

Note 6 - Commitments and Contin

Note 6 - Commitments and Contingent Liabilities	12 Months Ended
Note 6 - Commitments and Contingent Liabilities	Dec. 31, 2023
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, 2023
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	12 Months Ended
Note 8 - Financial Highlights	Dec. 31, 2023
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 years ended December 31, 2023, 2022 June 15, 2021 ( December 31, 2021. Year ended December 31, June 15, 2021 2023 2022 2021 Net asset value per Share, beginning of period $ 18.10 $ 18.19 $ 18.65 Net investment loss (a) (0.01 ) (0.01 ) (0.01 ) Net realized and unrealized gain (loss) (b) 2.50 (0.08 ) (0.45 ) Net increase (decrease) in net assets from operations 2.49 (0.09 ) (0.46 ) Net asset value per Share, end of period $ 20.59 $ 18.10 $ 18.19 Total return, at net asset value (c) 13.76 % (0.49 )% (2.47 )% (d) Ratio to average net assets: Net investment loss (0.07 )% (0.07 )% (0.07 )% (e) Total expenses 0.09 % 0.14 % 0.15 % (e) Total expenses after fees waived 0.07 % 0.07 % 0.07 % (e) (a) Based on average Shares outstanding during the period. (b) The amounts reported for a Share outstanding may not (c) Based on the change in net asset value of a Share during the period. (d) Percentage is not (e) Percentage is annualized.

Note 9 - Investment Valuation

Note 9 - Investment Valuation	12 Months Ended
Note 9 - Investment Valuation	Dec. 31, 2023
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, 2023 December 31, 2022, 1.

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
Significant Accounting Policies (Policies)	Dec. 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 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.
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, 2023, 2022 June 15, 2021 ( December 31, 2021: Year Ended December 31, 2023 Ounces Cost Fair Realized Beginning balance 622,347 $ 1,120,732,110 $ 1,127,908,719 $ — Gold bullion contributed 261,592 513,224,828 513,224,828 — Gold bullion distributed (291,121 ) (527,769,671 ) (556,830,596 ) 29,060,925 Gold bullion sold to pay expenses (354 ) (644,667 ) (685,505 ) 40,838 Net realized gain — — 29,101,763 — Net change in unrealized appreciation/depreciation — — 109,176,583 — Ending balance 592,464 $ 1,105,542,600 $ 1,221,895,792 $ 29,101,763 Year Ended December 31, 2022 Ounces Cost Fair Realized Beginning balance 479,334 $ 858,638,067 $ 872,434,117 $ — Gold bullion contributed 312,815 568,682,673 568,682,673 — Gold bullion distributed (169,380 ) (305,827,276 ) (315,644,715 ) 9,817,439 Gold bullion sold to pay expenses (422 ) (761,354 ) (758,873 ) (2,481 ) Net realized gain — — 9,814,958 — Net change in unrealized appreciation/depreciation — — (6,619,441 ) — Ending balance 622,347 $ 1,120,732,110 $ 1,127,908,719 $ 9,814,958 Period from June 15, 2021 (Date of Inception) to December 31, 2021 Ounces Cost Fair Realized Beginning balance 5,000 $ 9,325,500 $ 9,325,500 $ — Gold bullion contributed 494,428 885,306,489 885,306,489 — Gold bullion distributed (19,992 ) (35,810,420 ) (35,912,133 ) 101,713 Gold bullion sold to pay expenses (102 ) (183,502 ) (183,110 ) (392 ) Net realized gain — — 101,321 — Net change in unrealized appreciation/depreciation — — 13,796,050 — Ending balance 479,334 $ 858,638,067 $ 872,434,117 $ 101,321
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. Share activities for the years ended December 31, 2023, 2022 June 15, 2021 ( December 31, 2021: December 31, 2023 2022 2021 (a)(b) Shares Amount Shares Amount Shares Amount Shares issued 26,200,000 $ 513,224,828 31,300,000 $ 568,682,673 49,450,000 $ 885,306,489 Shares redeemed (29,150,000 ) (556,830,596 ) (16,950,000 ) (315,644,715 ) (2,000,000 ) (35,912,133 ) Net increase (decrease) (2,950,000 ) $ (43,605,768 ) 14,350,000 $ 253,037,958 47,450,000 $ 849,394,356 (a) Period from June 15, 2021 ( December 31, 2021. (b) BlackRock Financial Management, Inc. (the “Seed Capital Investor”), contributed 5,000 ounces of Gold in exchange for 500,000 shares (the “Seed Creation Baskets”) on June 15, 2021 not not December 31, 2021, no
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, 2023 not

Schedules of Investments (Table

Schedules of Investments (Tables)	12 Months Ended
Schedules of Investments (Tables)	Dec. 31, 2023
Notes Tables
Investment [Table Text Block]	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 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)	12 Months Ended
Note 2 - Significant Accounting Policies (Tables)	Dec. 31, 2023
Notes Tables
Activity in Gold Bullion [Table Text Block]	Year Ended December 31, 2023 Ounces Cost Fair Realized Beginning balance 622,347 $ 1,120,732,110 $ 1,127,908,719 $ — Gold bullion contributed 261,592 513,224,828 513,224,828 — Gold bullion distributed (291,121 ) (527,769,671 ) (556,830,596 ) 29,060,925 Gold bullion sold to pay expenses (354 ) (644,667 ) (685,505 ) 40,838 Net realized gain — — 29,101,763 — Net change in unrealized appreciation/depreciation — — 109,176,583 — Ending balance 592,464 $ 1,105,542,600 $ 1,221,895,792 $ 29,101,763 Year Ended December 31, 2022 Ounces Cost Fair Realized Beginning balance 479,334 $ 858,638,067 $ 872,434,117 $ — Gold bullion contributed 312,815 568,682,673 568,682,673 — Gold bullion distributed (169,380 ) (305,827,276 ) (315,644,715 ) 9,817,439 Gold bullion sold to pay expenses (422 ) (761,354 ) (758,873 ) (2,481 ) Net realized gain — — 9,814,958 — Net change in unrealized appreciation/depreciation — — (6,619,441 ) — Ending balance 622,347 $ 1,120,732,110 $ 1,127,908,719 $ 9,814,958 Period from June 15, 2021 (Date of Inception) to December 31, 2021 Ounces Cost Fair Realized Beginning balance 5,000 $ 9,325,500 $ 9,325,500 $ — Gold bullion contributed 494,428 885,306,489 885,306,489 — Gold bullion distributed (19,992 ) (35,810,420 ) (35,912,133 ) 101,713 Gold bullion sold to pay expenses (102 ) (183,502 ) (183,110 ) (392 ) Net realized gain — — 101,321 — Net change in unrealized appreciation/depreciation — — 13,796,050 — Ending balance 479,334 $ 858,638,067 $ 872,434,117 $ 101,321
Schedule of Capital Units [Table Text Block]	December 31, 2023 2022 2021 (a)(b) Shares Amount Shares Amount Shares Amount Shares issued 26,200,000 $ 513,224,828 31,300,000 $ 568,682,673 49,450,000 $ 885,306,489 Shares redeemed (29,150,000 ) (556,830,596 ) (16,950,000 ) (315,644,715 ) (2,000,000 ) (35,912,133 ) Net increase (decrease) (2,950,000 ) $ (43,605,768 ) 14,350,000 $ 253,037,958 47,450,000 $ 849,394,356

Note 8 - Financial Highlights (

Note 8 - Financial Highlights (Tables)	12 Months Ended
Note 8 - Financial Highlights (Tables)	Dec. 31, 2023
Notes Tables
Financial Highlights [Table Text Block]	Year ended December 31, June 15, 2021 2023 2022 2021 Net asset value per Share, beginning of period $ 18.10 $ 18.19 $ 18.65 Net investment loss (a) (0.01 ) (0.01 ) (0.01 ) Net realized and unrealized gain (loss) (b) 2.50 (0.08 ) (0.45 ) Net increase (decrease) in net assets from operations 2.49 (0.09 ) (0.46 ) Net asset value per Share, end of period $ 20.59 $ 18.10 $ 18.19 Total return, at net asset value (c) 13.76 % (0.49 )% (2.47 )% (d) Ratio to average net assets: Net investment loss (0.07 )% (0.07 )% (0.07 )% (e) Total expenses 0.09 % 0.14 % 0.15 % (e) Total expenses after fees waived 0.07 % 0.07 % 0.07 % (e)

Schedules of Investments - Inve

Schedules of Investments - Investments (Details)	Dec. 31, 2023 USD ($) oz	Dec. 31, 2022 USD ($) oz	Dec. 31, 2021 USD ($) oz	Jun. 14, 2021 USD ($) oz
Gold bullion (Ounce) \| oz	592,464	622,347	479,334	5,000
Investment in gold bullion, cost	$ 1,105,542,600	$ 1,120,732,110	$ 858,638,067	$ 9,325,500
Gold bullion fair value	1,221,895,792	1,127,908,719
Less Liabilities	(65,622)	(64,547)
Net Assets	$ 1,221,830,170	$ 1,127,844,172	$ 872,384,122	$ 9,325,500

Schedules of Investments - In_2

Schedules of Investments - Investments (Details) (Parentheticals)	Dec. 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)		7 Months Ended		12 Months Ended
Note 2 - Significant Accounting Policies (Details Textual)	Jun. 15, 2021 GT shares	Dec. 31, 2021 shares	[1],[2]	Dec. 31, 2023 shares	Dec. 31, 2022 shares
Shares Prescribed Aggregation (in shares)				50,000
Stock Issued During Period, Shares, New Issues (in shares)		49,450,000		26,200,000	31,300,000
BlackRock Financial Management, Inc. [Member]
Amount of Gold Contributed by Investor in Exchange for Shares (Gigaton) \| GT	5,000
Stock Issued During Period, Shares, New Issues (in shares)	500,000
Gold Contributed by Investor in Exchange for Shares, Price of Gold	1,865.1

[1]BlackRock Financial Management, Inc. (the “Seed Capital Investor”), contributed 5,000 ounces of Gold in exchange for 500,000 shares (the “Seed Creation Baskets”) on June 15, 2021 for the benefit of BlackRock Financial Management, Inc. At contribution, the value of the gold deposited with the Trust was based on the price of an ounce of gold of $1,865.10. The Seed Capital Investor is an affiliate of the Sponsor. The Seed Capital Investor did not not receive from the Trust, the Sponsor or any of their affiliates any fee or other compensation in connection with the sale of the Seed Creation Baskets. At December 31, 2021, the Seed Capital Investor no longer owned any shares of the Trust.[2]Period from June 15, 2021 (date of inception) to December 31, 2021.

Note 2 - Significant Accounti_4

Note 2 - Significant Accounting Policies - Activity in Gold Bullion (Details)	7 Months Ended	12 Months Ended
	Dec. 31, 2021 USD ($) oz	Dec. 31, 2023 USD ($) oz		Dec. 31, 2022 USD ($) oz
Beginning balance (Ounce) \| oz	5,000	622,347		479,334
Beginning balance, average cost	$ 9,325,500	$ 1,120,732,110		$ 858,638,067
Beginning balance, fair value	$ 9,325,500	$ 1,127,908,719	[1]	$ 872,434,117
Gold bullion contributed (Ounce) \| oz	494,428	261,592		312,815
Gold bullion contributed, average cost	$ 885,306,489	$ 513,224,828		$ 568,682,673
Gold bullion contributed, fair value	$ 885,306,489	$ 513,224,828		$ 568,682,673
Gold bullion distributed (Ounce) \| oz	(19,992)	(291,121)		(169,380)
Gold bullion distributed, average cost	$ (35,810,420)	$ (527,769,671)		$ (305,827,276)
Gold bullion distributed, fair value	(35,912,133)	(556,830,596)		(315,644,715)
Gold bullion distributed, realized gain (loss)	$ 101,713	$ 29,060,925		$ 9,817,439
Gold bullion sold to pay expenses (Ounce) \| oz	(102)	(354)		(422)
Gold bullion sold to pay expenses, average cost	$ (183,502)	$ (644,667)		$ (761,354)
Gold bullion sold to pay expenses, fair value	(183,110)	(685,505)		(758,873)
Gold bullion sold to pay expenses, realized gain (loss)	(392)	40,838		(2,481)
Net realized gain (loss), fair value	101,321	29,101,763		9,814,958
Net change in unrealized appreciation/depreciation, fair value	$ 13,796,050	$ 109,176,583		$ (6,619,441)
Ending balance (Ounce) \| oz	479,334	592,464		622,347
Ending balance, average cost	$ 858,638,067	$ 1,105,542,600		$ 1,120,732,110
Ending balance, fair value	872,434,117	1,221,895,792	[1]	1,127,908,719	[1]
Ending balance, realized gain (loss)	$ 101,321	$ 29,101,763		$ 9,814,958

[1]Cost of investment in gold bullion: $1,105,542,600 and $1,120,732,110, respectively.

Note 2 - Significant Accounti_5

Note 2 - Significant Accounting Policies - Share Activity (Details) - USD ($)	7 Months Ended		12 Months Ended
	Dec. 31, 2021	[1],[2]	Dec. 31, 2023	Dec. 31, 2022
Stock Issued During Period, Shares, New Issues (in shares)	49,450,000		26,200,000	31,300,000
Shares issued, amount	$ 885,306,489		$ 513,224,828	$ 568,682,673
Shares redeemed (in shares)	(2,000,000)		(29,150,000)	(16,950,000)
Distributions for Shares redeemed	$ (35,912,133)		$ (556,830,596)	$ (315,644,715)
Net increase (decrease) in Shares issued and outstanding (in shares)	47,450,000		(2,950,000)	14,350,000
Net increase (decrease) in net assets from capital share transactions	$ 849,394,356		$ (43,605,768)	$ 253,037,958

[1]BlackRock Financial Management, Inc. (the “Seed Capital Investor”), contributed 5,000 ounces of Gold in exchange for 500,000 shares (the “Seed Creation Baskets”) on June 15, 2021 for the benefit of BlackRock Financial Management, Inc. At contribution, the value of the gold deposited with the Trust was based on the price of an ounce of gold of $1,865.10. The Seed Capital Investor is an affiliate of the Sponsor. The Seed Capital Investor did not not receive from the Trust, the Sponsor or any of their affiliates any fee or other compensation in connection with the sale of the Seed Creation Baskets. At December 31, 2021, the Seed Capital Investor no longer owned any shares of the Trust.[2]Period from June 15, 2021 (date of inception) to December 31, 2021.

Note 3 - Trust Expenses (Detail

Note 3 - Trust Expenses (Details Textual) - USD ($)	7 Months Ended	12 Months Ended		72 Months Ended
Note 3 - Trust Expenses (Details Textual) - USD ($)	Dec. 31, 2021	Dec. 31, 2023	Dec. 31, 2022	Jun. 30, 2027
Sponsors Fee Annualized Accrual Rate Based on Daily Net Asset Value		0.09%
Sponsor Fees Waived	$ 266,088	$ 196,195	$ 765,845
Maximum [Member] \| Forecast [Member]
Sponsors Fee After Fee Waiver, Percentage				0.07%

Note 8 - Financial Highlights -

Note 8 - Financial Highlights - Financial Highlights (Details) - $ / shares		7 Months Ended		12 Months Ended
		Dec. 31, 2021		Dec. 31, 2023	Dec. 31, 2022
Net asset value per Share, beginning of period (in dollars per share)		$ 18.65		$ 18.1	$ 18.19
Net investment loss (in dollars per share)	[1]	(0.01)		(0.01)	(0.01)
Net realized and unrealized gain (loss) (in dollars per share)	[2]	(0.45)		2.5	(0.08)
Net increase (decrease) in net assets from operations (in dollars per share)		(0.46)		2.49	(0.09)
Net asset value per Share, end of period (in dollars per share)		$ 18.19		$ 20.59	$ 18.1
Total return, at net asset value	[3]	(2.47%)	[4]	13.76%	(0.49%)
Ratio to average net assets:
Net investment loss		(0.07%)	[5]	(0.07%)	(0.07%)
Total expenses		0.15%	[5]	0.09%	0.14%
Total expenses after fees waived		0.07%	[5]	0.07%	0.07%

[1]Based on average Shares outstanding during the period.[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 period.[4]Percentage is not annualized.[5]Percentage is annualized.