v3.23.1
Statements of cash flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities    
Net income (loss) for the year $ (82,470) $ (197,994)
Adjustment to reconcile net income (loss) for the year to net cash from operating activities    
Net realized (gains) losses on redemptions and sales of gold bullion (324) (6,945)
Change in unrealized (gains) losses on gold bullion 60,006 184,975
Net changes in operating assets and liabilities    
Increase (decrease) in accounts payable 104 (146)
Net cash provided by (used in) operating activities (22,684) (20,110)
Cash flows from investing activities    
Purchases of gold bullion (806,723) (324,190)
Sales of gold bullion 2,177
Net cash provided by (used in) in investing activities (804,546) (324,190)
Cash flows from financing activities    
Proceeds from issuance of Units (note 7) 822,541 348,196
Payments on redemption of Units (note 7) (185) (414)
Underwriting commissions and issue expenses (1,814) (905)
Net cash provided by (used in) financing activities 820,542 346,877
Net increase (decrease) in cash during the year (6,688) 2,577
Cash at beginning of year 6,982 4,405
Cash at end of year $ 294 $ 6,982