| INVESTMENT IN GOLD |
3.
INVESTMENT IN GOLD The
following represents the changes in Ounces of gold and the respective fair value at October 31, 2022:
| | |
Ounces | | |
Fair
Value | |
| Beginning balance as of February
1, 2022 | |
| 326,554 | | |
$ | 586,245,778 | |
| Gold bullion contributed | |
| 55,354 | | |
| 102,766,509 | |
| old bullion distributed | |
| (58,564 | ) | |
| (98,749,370 | ) |
| Realized gain (loss) from gold distributed
from in-kind | |
| — | | |
| 1,178,406 | |
| Change in unrealized appreciation (depreciation) | |
| — | | |
| (61,481,257 | ) |
| Ending balance as of October 31, 2022 | |
| 323,344 | | |
$ | 529,960,066 | |
The
following represents the changes in Ounces of gold and the respective fair value at January 31, 2022:
| | |
Ounces | | |
Fair
Value | |
| Beginning balance as of February
1, 2021 | |
| 237,409 | | |
$ | 442,483,116 | |
| Gold bullion contributed | |
| 98,772 | | |
| 177,971,942 | |
| Gold bullion distributed | |
| (9,627 | ) | |
| (17,297,123 | ) |
| Realized gain (loss) from gold distributed
from in-kind | |
| — | | |
| 1,756,856 | |
| Change in unrealized appreciation (depreciation) | |
| — | | |
| (18,669,013 | ) |
| Ending balance as of January 31, 2022 | |
| 326,554 | | |
$ | 586,245,778 | |
|