v3.25.4
Statements of cash flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities    
Net income (loss) for the year $ 5,948,607 $ 1,728,194
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 (147,583) (57,138)
Net change in unrealized (gains) losses on gold bullion (5,849,334) (1,701,279)
Net changes in operating assets and liabilities    
(Increase) decrease in prepaid assets (154)
Increase (decrease) in accounts payable 272 2,907
Net cash provided by (used in) operating activities (48,192) (27,316)
Cash flows from investing activities    
Purchases of gold bullion (1,626,969) (549,085)
Net cash provided by (used in) investing activities (1,626,969) (549,085)
Cash flows from financing activities    
Proceeds from issuance of Units (note 7) 1,702,893 564,199
Payments on redemption of Units (note 7) (4,632) (3,504)
Underwriting commissions and issue expenses (5,112) (854)
Net cash provided by (used in) financing activities 1,693,149 559,841
Net increase (decrease) in cash during the year 17,988 (16,560)
Cash at beginning of year 8,924 25,484
Cash at end of year $ 26,912 $ 8,924