| INVESTMENT IN GOLD |
3. INVESTMENT IN GOLD
The following represents the changes in Ounces
of gold and the respective fair value at January 31, 2026:
| | |
Ounces | | |
Fair Value | |
| Beginning balance as of February 1, 2025 | |
| 469,450 | | |
$ | 1,314,597,403 | |
| Gold bullion contributed | |
| 140,180 | | |
| 522,477,839 | |
| Gold bullion distributed | |
| (9,558 | ) | |
| (31,484,544 | ) |
| Realized gain (loss) from gold distributed from in-kind | |
| — | | |
| 12,284,110 | |
| Change in unrealized appreciation (depreciation) | |
| — | | |
| 1,085,411,124 | |
| | |
| | | |
| | |
| Ending balance as of January 31, 2026 | |
| 600,072 | | |
$ | 2,903,285,932 | |
The following represents the changes in Ounces
of gold and the respective fair value at January 31, 2025:
| | |
Ounces | | |
Fair Value | |
| Beginning balance as of February 1, 2024 | |
| 383,204 | | |
$ | 780,184,353 | |
| Gold bullion contributed | |
| 89,807 | | |
| 227,982,044 | |
| Gold bullion distributed | |
| (3,561 | ) | |
| (9,295,825 | ) |
| Realized gain (loss) from gold distributed from in-kind | |
| — | | |
| 2,788,531 | |
| Change in unrealized appreciation (depreciation) | |
| — | | |
| 312,938,300 | |
| | |
| | | |
| | |
| Ending balance as of January 31, 2025 | |
| 469,450 | | |
$ | 1,314,597,403 | |
The following represents the changes in Ounces
of gold and the respective fair value at January 31, 2024:
| | |
Ounces | | |
Fair Value | |
| Beginning balance as of February 1, 2023 | |
| 341,282 | | |
$ | 656,592,807 | |
| Gold bullion contributed | |
| 56,653 | | |
| 112,428,811 | |
| Gold bullion distributed | |
| (14,731 | ) | |
| (28,535,230 | ) |
| Realized gain (loss) from gold distributed from in-kind | |
| — | | |
| 3,399,475 | |
| Change in unrealized appreciation (depreciation) | |
| — | | |
| 36,298,490 | |
| | |
| | | |
| | |
| Ending balance as of January 31, 2024 | |
| 383,204 | | |
$ | 780,184,353 | |
|