GLDM SPDR Gold Minishares Trust

 

World Gold Trust

PART I—FINANCIAL INFORMATION:

 

Item 1.

Financial Statements (Unaudited)

 

Combined Statements of Financial Condition

At December 31, 2023 (unaudited) and September 30, 2023

 

 

 

See notes to the unaudited financial statements.

 

 

World Gold Trust

Combined Schedules of Investment

 

 

(Amounts in 000’s except for percentages)
														% of
December 31, 2023		Ounces of gold				Cost				Fair Value				Net Assets
(unaudited)
Investment in Gold			3,085.2			$	5,473,441			$	6,362,991				100.01	%
Total Investment						$	5,473,441			$	6,362,991				100.01	%
Liabilities in excess of other assets											(527	)			(0.01	)%
Net Assets										$	6,362,464				100.00	%

 

														% of
September 30, 2023		Ounces of gold				Cost				Fair Value				Net Assets
Investment in Gold			3,090.0			$	5,453,079			$	5,779,814				100.27	%
Total Investment						$	5,453,079			$	5,779,814				100.27	%
Liabilities in excess of other assets											(15,353	)			(0.27	)%
Net Assets										$	5,764,461				100.00	%

 

See notes to the unaudited financial statements.

 

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World Gold Trust

Unaudited Combined Statements of Operations

For the Three Months Ended December 31, 2023 and December 31, 2022

 

 

See notes to the unaudited financial statements.

 

 

World Gold Trust

Unaudited Combined Statements of Cash Flows

For the Three Months Ended December 31, 2023 and December 31, 2022

 

 

See notes to the unaudited financial statements.

 

 

 

World Gold Trust

Unaudited Combined Statements of Changes in Net Assets

Three Months Ended December 31, 2023 and December 31, 2022

 

 

See notes to the unaudited financial statements.

 

 

SPDR^® Gold MiniShares^® Trust

Statements of Financial Condition

At December 31, 2023 (unaudited) and September 30, 2023

 

(1)	Authorized share capital is unlimited and the par value of the Shares is $0.00.

 

See notes to the unaudited financial statements.

 

 

SPDR^® Gold MiniShares^® Trust

Schedules of Investment

(Amounts in 000’s except for percentages)

 

December 31, 2023		Ounces of gold				Cost				Fair Value				% of Net Assets
(unaudited)
Investment in Gold			3,085.2			$	5,473,441			$	6,362,991				100.01	%
Total Investment						$	5,473,441			$	6,362,991				100.01	%
Liabilities in excess of other assets											(527	)			(0.01	)%
Net Assets										$	6,362,464				100.00	%

 

September 30, 2023		Ounces of gold				Cost				Fair Value				% of Net Assets
Investment in Gold			3,090.0			$	5,453,079			$	5,779,814				100.27	%
Total Investment						$	5,453,079			$	5,779,814				100.27	%
Liabilities in excess of other assets											(15,353	)			(0.27	)%
Net Assets										$	5,764,461				100.00	%

 

See notes to the unaudited financial statements.

 

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SPDR^® Gold MiniShares^® Trust

 

Unaudited Statements of Operations

For the Three Months Ended December 31, 2023 and December 31, 2022

 

 

See notes to the unaudited financial statements.

 

 

SPDR^® Gold MiniShares^® Trust 

 

Unaudited Statements of Cash Flows

For the Three Months Ended December 31, 2023 and December 31, 2022

 

 

 

See notes to the unaudited financial statements.

 

 

SPDR^® Gold MiniShares^® Trust

 

Unaudited Statements of Changes in Net Assets

For the Three Months Ended December 31, 2023 and December 31, 2022

 

 

See notes to the unaudited financial statements.

 

 

WORLD GOLD TRUST

Notes to the Unaudited Financial Statements

 

1.	Organization

 

The World Gold Trust (the “Trust”) was organized as a Delaware statutory trust on August 27, 2014 and is governed by the Fourth Amended and Restated Agreement and Declaration of Trust (“Declaration of Trust”), dated as of April 16, 2018 and amended on February 6, 2020, between WGC USA Asset Management Company, LLC (the “Sponsor”) and the Delaware Trust Company (the “Trustee”). The Trust is authorized to issue an unlimited number of shares of beneficial interest. The beneficial interest in the Trust may be divided into one or more series. The Trust has established six separate series, one of which is operational as of December 31, 2023.

 

The accompanying financial statements relate to the Trust and its one operational series, SPDR^® Gold MiniShares^® Trust (“GLDM”). The shares of GLDM (the “Shares”) began publicly trading on June 26, 2018 on the NYSE Arca, Inc. (the “NYSE Arca”). The Shares are also listed on the Mexican Stock Exchange (Bolsa Mexicana de Valores). The fiscal year-end of GLDM is September 30th.

 

The investment objective of GLDM is for its Shares to reflect the performance of the price of gold, less its expenses. GLDM’s only ordinary recurring expense is the Sponsor’s annual fee of 0.10% of its net asset value (“NAV”). The Sponsor believes that, for many investors, the Shares represent a cost-effective investment in gold.

 

BNY Mellon Asset Servicing, a division of The Bank of New York Mellon, (“BNYM” or the “Administrator”), is the administrator and transfer agent. BNYM also serves as the custodian of GLDM’s cash, if any. ICBC Standard Bank Plc ("ICBC") and JPMorgan Chase Bank, N.A. ("JPMorgan") are the custodians of GLDM's gold (each a "Custodian" and together, the “Custodians”). State Street Global Advisors Funds Distributors, LLC is the marketing agent (the “Marketing Agent”).

 

The Trust had no operations with respect to GLDM prior to June 26, 2018, other than matters relating to GLDM's organization and the registration of the offer and sale of the Shares under the Securities Act of 1933, as amended.

 

The Statements of Financial Condition and Schedules of Investment at December 31, 2023, and the Statements of Operations, Changes in Net Assets and Cash Flows for the three months ended December 31, 2023 and 2022 have been prepared without audit.

 

In the opinion of management of the Sponsor, all adjustments (which include normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows as of and for the three months ended December 31, 2023 and for all periods presented have been made. These financial statements should be read in conjunction with the financial statements and notes thereto included in the Annual Report on Form 10-K for the fiscal year ended September 30, 2023. The results of operations for the three months ended December 31, 2023 are not necessarily indicative of the operating results for the full fiscal year.

 

2.	Significant Accounting Policies

 

The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires those responsible for preparing financial statements to make estimates and assumptions that affect the reported amounts and disclosures. Actual results could differ from those estimates. The following is a summary of significant accounting policies followed by GLDM and the Trust.

 

2.1.	Basis of Accounting

 

For accounting purposes, GLDM is an investment company within the scope of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946, Financial Services—Investment Companies, and therefore applies the specialized accounting and reporting guidance therein. It is not registered as an investment company under the Investment Company Act of 1940, as amended.

 

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These financial statements present the financial condition, results of operations and cash flows of the Trust combined with its operating series and GLDM separately. For the periods presented, there were no balances or activity for the Trust and the footnotes accordingly relate to GLDM, unless stated otherwise.

 

2.2	Basis of Presentation

 

The financial statements are presented for the Trust, as the SEC registrant, combined with GLDM and for GLDM individually. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to GLDM are enforceable only against the assets of GLDM and not against the assets of the Trust generally or any other series that the Trust may establish.

 

2.3	Cash and Cash Equivalents

 

Cash and cash equivalents, when outstanding, include highly liquid investments of sufficient credit quality with original maturity of three months or less.

 

2.4.	Fair Value Measurement

 

U.S. GAAP defines fair value as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GLDM’s policy is to value its investments at fair value.

 

Various inputs are used in determining the fair value of GLDM’s assets or liabilities. Inputs may be based on independent market data (“observable inputs”) or they may be internally developed (“unobservable inputs”). These inputs are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes. The level of a value determined for an asset or liability within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement in its entirety. The three levels of the fair value hierarchy are:

 

Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities;

 

Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability and inputs that are derived principally from or corroborated by observable market data by correlation or other means; and

 

Level 3 – Inputs that are unobservable for the asset and liability, including a fund’s assumptions (if any) used in determining the fair value of investments.

 

The following table summarizes GLDM’s investment at fair value:

 

(Amounts in 000’s of US$)
December 31, 2023		Level 1				Level 2				Level 3
Investment in Gold		$	6,362,991			$	-			$	-
Total		$	6,362,991				-				-

  

(Amounts in 000’s of US$)
September 30, 2023		Level 1				Level 2				Level 3
Investment in Gold		$	5,779,814			$	-			$	-
Total		$	5,779,814			$	-			$	-

 

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There were no transfers between Level 1 and other Levels for the three months ended December 31, 2023 or for the year ended September 30, 2023.

 

The Administrator values the gold held by GLDM on the basis of the price of an ounce of gold as determined by ICE Benchmark Administration Limited (the “IBA”), a benchmark administrator, which provides an independently administered auction process, as well as the overall administration and governance for the London Bullion Market Association (the “LBMA”). In determining the NAV of GLDM, the Administrator values the gold held on the basis of the price of an ounce of gold determined by the IBA 3:00 PM auction process (the “LBMA Gold Price PM”), which is an electronic auction. The auction runs twice daily at 10:30 AM and 3:00 PM London time. The Administrator calculates the NAV of GLDM on each day the NYSE Arca is open for regular trading, generally as of 12:00 PM New York time. If no LBMA Gold Price PM is made on a particular evaluation day or if the LBMA Gold Price PM has not been announced by 12:00 PM New York time on a particular evaluation day, the next most recent LBMA Gold Price AM or PM is used in the determination of the NAV of GLDM, unless the Administrator, in consultation with the Sponsor, determines that such price is inappropriate to use as the basis for such determination.

 

2.5.	Custody of Gold

 

Gold is held by the Custodians on behalf of GLDM, 100% of which is allocated gold in the form of good delivery gold bars. A current list of all gold held by each Custodian, including any held with a subcustodian is available on the Sponsor’s website at www.spdrgoldshares.com.

 

2.6.	Gold Receivable

 

Gold receivable represents the quantity of gold covered by contractually binding orders for the creation of Shares where the gold has not yet been transferred to GLDM’s account. Generally, ownership of the gold is transferred within two business days of the trade date.

 

		Dec-31,				Sep-30,
(Amounts in 000’s of US$)		2023				2023
Gold receivable		$	-			$	-

 

2.7.	Gold Payable

 

Gold payable represents the quantity of gold covered by contractually binding orders for the redemption of Shares where the gold has not yet been transferred out of GLDM’s account. Generally, ownership of the gold is transferred within two business days of the trade date.

 

		Dec-31,				Sep-30,
(Amounts in 000’s of US$)		2023				2023
Gold payable		$	-			$	14,867

 

2.8.	Creations and Redemptions of Shares

 

GLDM creates and redeems Shares from time to time, but only in one or more Creation Units (a Creation Unit equals a block of 100,000 Shares). GLDM issues Shares in Creation Units to certain authorized participants (“Authorized Participants”) on an ongoing basis. The creation and redemption of Creation Units is only made in exchange for the amount of gold and any cash represented by the Creation Units being created or redeemed. This amount will be based on the combined net asset value of the number of Shares included in the Creation Units being created or redeemed determined on the day the order to create or redeem Creation Units is properly received.

 

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As the Shares are redeemable in Creation Units at the option of the Authorized Participants, GLDM has classified the Shares as Net Assets for financial reporting purposes. Changes in the Shares for the three months ended December 31, 2023 and 2022 are as follows:

 

		Three Months				Three Months
		Ended				Ended
(Amounts are in 000’s)		Dec-31, 2023				Dec-31, 2022
Activity in Number of Shares Created and Redeemed:
Creations			6,900				14,300
Redemptions			(6,700	)			(10,900	)
Net Change in Number of Shares Created and Redeemed			200				3,400

 

		Three Months				Three Months
		Ended				Ended
(Amounts in 000’s of US$)		Dec-31, 2023				Dec-31, 2022
Activity in Value of Shares Created and Redeemed:
Creations		$	271,189			$	488,680
Redemptions			(255,238	)			(377,573	)
Net change in Value of Shares Created and Redeemed		$	15,951			$	111,107

 

2.9.	Income and Expense (Amounts in 000’s of US$)

 

The Administrator will, at the direction of the Sponsor, sell GLDM’s gold as necessary to pay its expenses. When selling gold to pay expenses, the Administrator will endeavor to sell the smallest amount of gold needed to pay expenses in order to minimize GLDM’s holdings of assets other than gold. Unless otherwise directed by the Sponsor, the Administrator will give a sell order and sell gold to the Custodians at the LBMA Gold Price PM following the sell order. A gain or loss is recognized based on the difference between the selling price and the average cost of the gold sold, and such amounts are reported as net realized gain/(loss) from investment in gold sold to pay Sponsor expenses on the Statement of Operations.

 

GLDM’s net realized and change in unrealized gain/(loss) on investment in gold for the three months ended December 31, 2023 of $583,559 is made up of a realized gain of $135 from the sale of gold to pay Sponsor fees, a realized gain of $20,609 from gold distributed for the redemption of shares, and a change in unrealized gain of $562,815  on investment in gold.

 

GLDM’s net realized and change in unrealized gain/(loss) on investment in gold for the three months ended December 31, 2022 of $401,388 is made up of a realized loss of $9 from the sale of gold to pay Sponsor fees, a realized gain of $3,127 from gold distributed for the redemption of shares, and a change in unrealized gain of $398,270 on investment in gold.

 

2.10.

Income Taxes

 

GLDM is classified as a “grantor trust” for U.S. federal income tax purposes. As a result, it is not subject to U.S. federal income tax. Instead, its income and expenses “flow through” to the shareholders, and the Administrator will report GLDM’s proceeds, income, deductions, gains and losses to the Internal Revenue Service on that basis.

 

The Sponsor has evaluated whether there are uncertain tax positions that require financial statement recognition and has determined that no reserves for uncertain tax positions are required as of December 31, 2023. As of December 31, 2023, the 2022, 2021 and 2020 tax years remain open for examination. There were no examinations in progress at period end.

 

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3.	Related Parties – Sponsor

 

Effective February 23, 2022, the Sponsor reduced its annual fee of 0.18% of the NAV of GLDM to 0.10% of the NAV of GLDM and implemented a one-for-two reverse stock split of the Shares which now represent 1/50th of an ounce of gold. The Sponsor’s annual fee equal to 0.10% of the NAV of GLDM is calculated daily. The Sponsor is responsible for the payment of all GLDM’s ordinary fees and expenses, including but not limited to the following: fees charged by GLDM’s Administrator, Custodians, Marketing Agent and Trustee; exchange listing fees; typical maintenance and transaction fees of The Depository Trust Company; SEC registration fees; printing and mailing costs; audit fees and expenses; and legal fees not in excess of $100,000 per annum and expenses and applicable license fees. The Sponsor is not, however, required to pay any extraordinary expenses incurred in the ordinary course of GLDM’s business as outlined in the Sponsor’s agreement with the Trust.

 

4.	GLDM Expenses

 

GLDM’s only ordinary recurring operating expense is the Sponsor’s annual fee of 0.10% of the NAV of GLDM. The Sponsor’s fee is payable monthly in arrears.

 

Expenses payable will reduce the NAV of GLDM.

 

5.	Concentration of Risk

 

GLDM’s primary business activities are the investment in gold and the issuance and sale of Shares.

 

Various factors could affect the price of gold including: (i) global gold supply and demand, which is influenced by such factors as forward selling by gold producers, purchases made by gold producers to unwind gold hedge positions, central bank purchases and sales, and production and cost levels in major gold-producing countries such as China, Australia, South Africa and the United States; (ii) investors’ expectations with respect to the rate of inflation; (iii) currency exchange rates; (iv) interest rates; (v) investment and trading activities of hedge funds and commodity funds; (vi) other economic variables such as income growth, economic output, and monetary policies; and (vii) global or regional political, economic or financial events and situations. In addition, while gold it used to preserve wealth by investors around the world, there is no assurance that gold will maintain its long-term value in terms of purchasing power in the future. In the event that the price of gold declines, the Sponsor expects the value of an investment in the Shares to decline proportionately. Each of these events could have a material effect on GLDM’s financial position and results of operations.

 

6.	Indemnification

 

The Sponsor and each of its shareholders, members, directors, officers, employees, affiliates and subsidiaries will be indemnified by the Trust and held harmless against any losses, liabilities or expenses incurred in the performance of its duties under the Declaration of Trust without gross negligence, bad faith or willful misconduct. The Sponsor shall in no event be deemed to have assumed or incurred any liability, duty, or obligation to any shareholder or to the Trustee other than as expressly provided for in the Declaration of Trust. Such indemnity includes payment from the Trust of the costs and expenses incurred in defending against any indemnified claim or liability under the Declaration of Trust.

 

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The Trustee and each of its officers, affiliates, directors, employees, and agents will be indemnified by the Trust from and against any losses, claims, taxes, damages, reasonable expenses, and liabilities incurred with respect to the creation, operation or termination of the Trust, the execution, delivery or performance of the Declaration of Trust or the transactions contemplated thereby; provided that the indemnified party acted without willful misconduct, bad faith or gross negligence. The Sponsor will not be liable to the Trust, the Trustee or any shareholder for any action taken or for refraining from taking any action in good faith, or for errors in judgment or for depreciation or loss incurred by reason of the sale of any gold or other assets held in trust under Declaration of Trust. However, the preceding liability exclusion will not protect the Sponsor against any liability resulting from its own gross negligence, bad faith, or willful misconduct.

 

7.	Financial Highlights

 

The following presentation includes financial highlights related to investment performance and operations of a Share outstanding for the three months ended December 31, 2023 and December 31, 2022. The total return at net asset value is based on the change in net asset value of a Share during the period and the total return at market value is based on the change in market value of a Share on NYSE Arca during the period. An individual investor’s return and ratios may vary based on the timing of capital transactions.

 

Financial Highlights (Unaudited)

 

For the three months ended December 31, 2023 and 2022

 

		Three Months				Three Months
		Ended				Ended
		Dec-31, 2023				Dec-31, 2022
		(unaudited)				(unaudited)
Net Asset Value
Net Asset Value per Share, beginning of period		$	37.11			$	33.20
Net Investment income/(loss)			(0.01	)			(0.01	)
Net Realized and Change in Unrealized Gain/(Loss)			3.80				2.79
Net Income/(Loss)			3.79				2.78
Net Asset Value per Share, end of period		$	40.90			$	35.98
Market Value per Share, beginning of period		$	36.66			$	32.98
Market Value per Share, end of period		$	40.91			$	36.19
Ratio to average net assets
Net Investment loss(1)			(0.10	)%			0.10	%
Gross expenses(1)			0.10	%			0.10	%
Net expenses(1)			0.10	%			0.10	%
Total Return, at Net Asset Value(2)			10.21	%			8.37	%
Total Return, at Market Value(2)			11.59	%			9.73	%

 

(1)	Percentages are annualized.

(2)	Percentages are not annualized.

 

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Item 2.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

This information should be read in conjunction with the financial statements and notes included in Item 1 of Part I of this Quarterly Report. This Quarterly Report, including the exhibits hereto and the information incorporated by reference herein, contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements involve risks and uncertainties. Except for historical information, statements about future gold prices, gold bullion sales, foreign currencies (including the Reference Currencies), foreign currency exchange rates, costs, plans, or objectives are forward-looking statements based on our estimates, beliefs, assumptions and projections. Words such as “could,” “would,” “may,” “expect,” “project,” “intend,” “plan,” “believe,” “seek,” “estimate,” and “predict,” and variations on such words, and similar expressions that reflect our current views with respect to future events and fund performance, are intended to identify such forward-looking statements. These forward-looking statements are only predictions, subject to risks and uncertainties that are difficult to predict and many of which are outside of our control, and actual results could differ materially from those discussed. Important factors that we believe could affect performance and cause results to differ materially from our expectations are described in the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Annual Report on Form 10-K for the fiscal year ended September 30, 2023, as updated from time to time in World Gold Trust’s Securities and Exchange Commission filings.

 

Trust Overview

 

The World Gold Trust (the “Trust”) was formed as a Delaware statutory trust on August 27, 2014. The Trust consists of multiple series (each, a “Fund” and collectively, the “Funds”). Each Fund issues common units of beneficial interest that represent units of fractional undivided beneficial interest in and ownership of such Fund. The term of the Trust and each Fund is perpetual (unless terminated earlier in certain circumstances). The Trust was organized in separate series as a Delaware statutory trust rather than as separate statutory trusts to achieve certain administrative and other efficiencies. The Trust is sponsored by WGC USA Asset Management Company, LLC (the “Sponsor”).

 

The Trust established six separate series, of which only SPDR^® Gold MiniShares^® Trust (“GLDM”) is operational as of December 31, 2023. GLDM commenced operations on June 26, 2018. GLDM’s investment objective is for its shares (the “Shares”) to reflect the performance of the price of gold, less its expenses.

 

Gold is held by ICBC Standard Bank Plc ("ICBC") and JPMorgan Chase Bank, N.A. ("JPMorgan" and each of ICBC and JPMorgan, a "Custodian" and together, the “Custodians”) on behalf of GLDM.

 

As of the date of this quarterly report, Goldman, Sachs & Co., J.P. Morgan Securities LLC, Merrill Lynch Professional Clearing Corp., Morgan Stanley & Co. LLC, UBS Securities LLC, HSBC Securities (USA) Inc., and Virtu Americas LLC are the only Authorized Participants. An updated list of Authorized Participants can be obtained from the Sponsor.

 

 

Investing in the Shares does not insulate the investor from risks, including price volatility. The following chart illustrates the movement in the market price of the Shares and NAV of the Shares against the corresponding gold price (per 1/100 of an oz. of gold) since the day the Shares first began trading on the NYSE Arca:

 

Share price & NAV v. gold price - June 26, 2018 to December 31, 2023

 

 

Critical Accounting Policy

 

Valuation of Gold, Definition of NAV

 

GLDM values the investment in gold bullion at fair value. BNY Mellon Asset Servicing, a division of The Bank of New York Mellon (the “Administrator”), will value any gold bullion held by GLDM on the basis of the price of an ounce of gold as determined by the ICE Benchmark Administration Limited (the “IBA”). In determining the NAV, the Administrator will value the gold bullion held by GLDM on the basis of the price of an ounce of gold determined by the IBA 3:00 PM auction process (the “LBMA Gold Price PM”). The Administrator will calculate the NAV on each day the NYSE Arca is open for regular trading, at the earlier LBMA Gold Price PM for the day or 12:00 PM New York time. If no LBMA Gold Price (AM or PM) is made on a particular evaluation day or if the LBMA Gold Price PM has not been announced by 12:00 PM New York time on a particular evaluation day, the next most recent LBMA Gold Price AM or PM will be used in the determination of the NAV, unless the Sponsor determines that such price is inappropriate to use as the basis for such determination. Gold held by GLDM is reported at fair value on the Statement of Financial Condition.

 

Once the value of the gold has been determined, the Administrator subtracts all estimated accrued fees, expenses and other liabilities of GLDM from the total value of the gold and all other assets of GLDM. The resulting figure is the NAV. The NAV is used to compute the Sponsor’s fee. The Administrator determines the NAV per Share by dividing the NAV of GLDM by the number of Shares outstanding as of the close of trading on NYSE Arca.

 

Inspectorate International Limited (“Inspectorate”) conducts two counts each year of the gold bullion held on behalf of the Trust at the vaults of the Custodians. A complete bar count is conducted once per year and coincides with the Trust’s financial year end at September 30th. On October 2, 2023, Inspectorate completed the annual full count of the Trust’s gold bullion held by ICBC. The second count is a random sample count and is conducted at a date which falls within the same financial year and was conducted most recently on March 23, 2023. The results can be found on www.spdrgoldshares.com. The Sponsor generally visits the vaults of the Custodians twice a year as part of its due diligence procedures.

 

 

Results of Operations

 

In the three months ended December 31, 2023, 6,900,000 Shares (69 Creation Units) were created in exchange for 136,859.3 ounces of gold, 6,700,000 Shares (67 Creation Units) were redeemed in exchange for 132,905.3 ounces of gold and 753.1 ounces of gold were sold to pay Sponsor fees. For accounting purposes, GLDM reflects creations and redemptions on the date of receipt of a notification of a creation but does not issue Shares until the requisite amount of gold is received. Upon a redemption, GLDM delivers gold upon receipt of Shares. These creations were completed in the normal course of business.

 

At December 31, 2023, the amount of gold owned by GLDM and held by the Custodians was 3,085,236.2 ounces, 100% of which is allocated gold in the form of London Good Delivery gold bars with a market value of $6,362,991,040 based on the LBMA Gold Price PM on December 31, 2023 (cost —$5,473,441,435).

 

At September 30, 2023, the amount of gold owned by GLDM and held by the Custodians was 3,089,983.5 ounces, 100% of which is allocated gold in the form of London Good Delivery gold bars with a market value of $5,779,814,053 based on the LBMA Gold Price PM on September 30, 2023 (cost — $5,453,079,469).

 

Cash Resources and Liquidity

 

At December 31, 2023, GLDM did not have any cash balances. When selling gold to pay expenses, GLDM endeavors to sell the exact amount of gold needed to pay expenses in order to minimize GLDM’s holdings of assets other than gold or any gold receivable. As a consequence, we expect that GLDM will not record any net cash flow from its operations and that its cash balance will be zero at the end of each reporting period.

 

 

Movements in the Price of Gold

 

As movements in the price of gold are expected to directly affect the price of the Shares, it is important to understand the recent movements in the price of gold. However, past movements in the price of gold are not indicators of future movements.

 

The following chart shows movements in the price of gold based on the LBMA Gold Price PM in U.S. dollars per ounce over the period from June 26, 2018 (the first date the Shares began trading on the NYSE Arca) to December 31, 2023.

 

Daily Gold Price - June 26, 2018 to December 31, 2023

LBMA Gold Price PM USD

 

The average, high, low and end-of-period gold prices for the three and twelve-month periods over the prior three years and for the period from June 26, 2018 (the first date the Shares began trading on the NYSE Arca) through December 31, 2023, based on the LBMA Gold Price PM, were:

 

																										Last
																						End of				business
Period		Average				High				Date				Low				Date				period				day (1)
Three months ended March 31, 2021		$	1,794.01			$	1,943.20			Jan 4, 2021				$	1,683.95			Mar 30, 2021				$	1,691.05			Mar 31, 2021
Three months ended June 30, 2021		$	1,816.48			$	1,902.75			Jun 2, 2021				$	1,726.05			Apr 1, 2021				$	1,763.15			Jun 30, 2021
Three months ended September 30, 2021		$	1,789.52			$	1,829.30			Jul 29, 2021				$	1,723.35			Aug 10, 2021				$	1,742.80			Sept 30, 2021
Three months ended December 31, 2021		$	1,795.25			$	1,864.90			Nov 17, 2021				$	1,753.20			Oct 5, 2021				$	1,820.10			Dec 31, 2021			(2)
Three months ended March 31, 2022		$	1,877.16			$	2,039.05			Mar 8, 2022				$	1,788.15			Jan 28, 2022				$	1,942.15			Mar 31, 2022
Three months ended June 30, 2022		$	1,870.58			$	1,976.75			Apr 13, 2022				$	1,809.50			May 16, 2022				$	1,817.00			Jun 30, 2022
Three months ended September 30, 2022		$	1,728.91			$	1,808.40			Jul 4, 2022				$	1,634.30			Sep 27, 2022				$	1,671.75			Sep 30, 2022
Three months ended December 31, 2022		$	1,725.85			$	1,823.55			Dec 13, 2022				$	1,628.75			Nov 3, 2022				$	1,812.35			Dec 30, 2022			(2)
Three months ended March 31, 2023		$	1,889.92			$	1,993.80			Mar 24, 2023				$	1,810.95			Feb 24, 2023				$	1,979.70			Mar 31, 2023
Three months ended June 30, 2023		$	1,975.93			$	2,048.45			Apr 13, 2023				$	1,899.60			Jun 29, 2023				$	1,912.25			Jun 30, 2023
Three months ended September 30, 2023		$	1,928.23			$	1,976.10			Jul 20, 2023				$	1,870.50			Sep 29, 2023				$	1,870.50			Sep 29, 2023
Three months ended December 31, 2023		$	1,969.86			$	2,078.40			Dec 28, 2023				$	1,818.95			Oct 4, 2023				$	2,062.40			Dec 29, 2023			(2)
Twelve months ended December 31, 2021		$	1,798.61			$	1,943.20			Jan 4, 2021				$	1,683.95			Mar 30, 2021				$	1,820.10			Dec 31, 2021			(2)
Twelve months ended December 31, 2022		$	1,800.09			$	2,039.05			Mar 8, 2022				$	1,628.75			Nov 3, 2022				$	1,812.35			Dec 30, 2022			(2)
Twelve months ended December 31, 2023		$	1,940.54			$	2,078.40			Dec 28, 2023				$	1,810.95			Feb 24, 2023				$	2,062.40			Dec 29, 2023			(2)
June 26, 2018 ended December 31, 2023		$	1,690.98			$	2,078.40			Dec 28, 2023				$	1,178.40			Aug 17, 2018				$	2,062.40			Dec 29, 2023			(2)

 

---

 

(1)	The end of period gold price is the LBMA Gold Price PM on the last business day of the period.

(2)

There was no LBMA Gold Price PM on the last business day of December 2023, 2022 or 2021. The LBMA Gold Price AM on the last business day of December 2023, 2022 and 2021 was $2,062.40, $1,812.35 and $1,820.10, respectively. The Net Asset Value of GLDM on December 31, 2023, 2022 and 2021 was calculated using the LBMA Gold Price AM.

 

 

Item 3.

Quantitative and Qualitative Disclosures About Market Risk

 

GLDM is a passive investment vehicle. Fluctuations in the value of gold bullion will affect the value of Shares which are designed to reflect the performance of the price of gold bullion, less GLDM’s expenses.

 

 

Item 4.

Controls and Procedures

 

Disclosure Controls and Procedures

 

The duly authorized officers of the Sponsor, performing functions equivalent to those a principal executive officer and principal financial officer of the Trust would perform if the Trust had any officers, have evaluated the effectiveness of the Trust’s disclosure controls and procedures, and have concluded that the disclosure controls and procedures of the Trust were effective as of the end of the period covered by this report. Such disclosure controls and procedures are designed to provide reasonable assurance that information required to be disclosed in the reports that the Trust files or submits under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), are recorded, processed, summarized and reported, within the time period specified in the applicable rules and forms, and that such information is accumulated and communicated to the duly authorized officers of the Sponsor performing functions equivalent to those a principal executive officer and principal financial officer of the Trust would perform if the Trust had any officers, and to the Audit Committee of the Sponsor, as appropriate, to allow timely decisions regarding required disclosure.

 

The duly authorized officers of the Sponsor, performing functions equivalent to those a principal executive officer and principal financial officer of the Trust would perform if the Trust had any officers, have evaluated the effectiveness of GLDM’s disclosure controls and procedures, and have concluded that the disclosure controls and procedures of GLDM were effective as of the end of the period covered by this report. Such disclosure controls and procedures are designed to provide reasonable assurance that information required to be disclosed in the reports that the Trust files or submits under the Exchange Act on behalf of GLDM are recorded, processed, summarized and reported, within the time period specified in the applicable rules and forms, and that such information is accumulated and communicated to the duly authorized officers of the Sponsor performing functions equivalent to those a principal executive officer and principal financial officer of the Trust would perform if the Trust had any officers, and to the Audit Committee of the Sponsor, as appropriate, to allow timely decisions regarding required disclosure.

 

Internal Control Over Financial Reporting

 

There has been no change in the internal control over financial reporting of the Trust that occurred during the most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Trust’s internal control over financial reporting.

 

There has been no change in the internal control over financial reporting of GLDM that occurred during the most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, GLDM’s internal control over financial reporting.

 

 

PART II—OTHER INFORMATION:

 

Item 1.

Legal Proceedings

 

None.

 

Item 1A.

Risk Factors

 

You should carefully consider the factors discussed in Part I, Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the year ended September 30, 2023, which could materially affect our business, financial condition or future results. There have been no material changes in our risk factors from those disclosed in our 2023 Annual Report on Form 10-K.

 

The risks described in our Annual Report on Form 10-K are not the only risks facing the Trust. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition and/or operating results.

 

 

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

 

a)

None.

 

b)	Not applicable.

 

c)	Although GLDM does not purchase shares directly from its shareholders, in connection with the redemption of Creation Units, GLDM redeemed 1,900,000 Shares (19 Creation Units) during the quarter ended December 31, 2023 as set forth in the table below.

 

 

		Total Number of		Average Ounces of
		Shares		Gold
Period		Redeemed		Per Share
10/1/23 to 10/31/23		5,900,000		0.01984
11/1/23 to 11/30/23		200,000		0.01984
12/1/23 to 12/31/23		600,000		0.01983
Total		6,700,000		0.01984

 

 

Item 3.

Defaults Upon Senior Securities

 

None.

 

Item 4.

Mine Safety Disclosures

 

Not applicable.

 

Item 5.

Other Information

 

a)

None.

 

b)	Not applicable.

c)

Not applicable.

 

Item 6.

Exhibits

 

The exhibits listed on the accompanying Exhibit Index, and such Exhibit Index, are filed or incorporated by reference as a part of this report.

 

 

EXHIBIT INDEX

 

Exhibit No.		Description of Exhibit
10.1		Second Amended and Restated Allocated Gold Account Agreement dated October 24, 2023 between ICBC Standard Bank PLC and World Gold Trust on behalf of its series, SPDR® Gold MiniShares® Trust, is incorporated by reference to Exhibit 10.1 filed with the Current Report on Form 8-K on October 24, 2023
10.2		First Amended and Restated Unallocated Gold Account Agreement dated October 24, 2023 between ICBC Standard Bank PLC and World Gold Trust on behalf of its series, SPDR® Gold MiniShares® Trust, is incorporated by reference to Exhibit 10.2 filed with the Current Report on Form 8-K on October 24, 2023
31.1		Certification of Principal Executive Officer pursuant to Rule 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as amended, with respect to the Trust’s Quarterly Report on Form 10-Q for the quarter ended December 31, 2023.
31.2		Certification of Principal Financial Officer pursuant to Rule 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as amended, with respect to the Trust’s Quarterly Report on Form 10-Q for the quarter ended December 31, 2023.
32.1		Certification of Principal Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, with respect to the Trust’s Quarterly Report on Form 10-Q for the quarter ended December 31, 2023.
32.2		Certification of Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, with respect to the Trust’s Quarterly Report on Form 10-Q for the quarter ended December 31, 2023.
101.INS*		Inline XBRL Instance Document
101.SCH*		Inline XBRL Taxonomy Extension Schema Document
101.CAL*		Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.LAB*		Inline XBRL Taxonomy Extension Label Linkbase Document
101.PRE*		Inline XBRL Taxonomy Extension Presentation Linkbase Document
101.DEF*		Inline XBRL Taxonomy Extension Definition Linkbase Document
104.1		Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

 

---

*

Pursuant to Rule 406T of Regulation S-T, these interactive data files are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for the purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned in the capacities* indicated thereunto duly authorized.

 

	WGC USA Asset Management Company, LLC Sponsor of the World Gold Trust
	(Registrant)
	By:		/s/ Joseph R. Cavatoni
			Joseph R. Cavatoni
			Principal Executive Officer*
	By:		/s/ Amanda Krichman
			Amanda Krichman
			Principal Financial and Accounting Officer*

 

Date: February 8, 2024

 

*	The Registrant is a trust and the persons are signing in their capacities as officers of WGC USA Asset Management Company, LLC, the Sponsor of the Registrant.

 

Exhibit 31.1

 

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER

PURSUANT TO RULE 13a-14(a) AND 15d-14(a)

UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

 

I, Joseph R. Cavatoni, certify that:

 

1.	I have reviewed this quarterly report on Form 10-Q of World Gold Trust and SPDR® Gold MiniShares® Trust (together, the “Registrant”);

 

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;

 

4.	I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

 

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

c. Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

d. Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

 

5.	I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the auditors of the Registrant’s and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):

 

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and

 

b. Any fraud, whether or not material, that involves persons who have a significant role in the Registrant’s internal control over financial reporting.

 

Date: February 8, 2024

 

/s/	Joseph R. Cavatoni
Joseph R. Cavatoni**
Principal Executive Officer

 

*	The originally executed copy of this Certification will be maintained at the Sponsor’s offices and will be made available for inspection upon request.

 

**	The Registrant is a trust and Mr. Cavatoni is signing in his capacity as Principal Executive Officer of WGC USA Asset Management Company, LLC, the Sponsor of the Registrant.

 

Exhibit 31.2

 

CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER

PURSUANT TO RULE 13a-14(a) AND 15d-14(a)

UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

 

I, Amanda Krichman, certify that:

 

1.	I have reviewed this quarterly report on Form 10-Q of the World Gold Trust and SPDR® Gold MiniShares® Trust (together, the “Registrant”).

 

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;

 

4.	I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

 

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

c. Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

d. Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

 

5.	I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the auditors of the Registrant’s and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):

 

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and

 

b. Any fraud, whether or not material, that involves persons who have a significant role in the Registrant’s internal control over financial reporting.

 

Date: February 8, 2024

 

/s/	Amanda Krichman
Amanda Krichman**
Principal Financial and Accounting Officer

 

*	The originally executed copy of this Certification will be maintained at the Sponsor’s offices and will be made available for inspection upon request.

 

**	The Registrant is a trust and Ms. Krichman is signing in her capacity as Principal Financial and Accounting Officer of WGC USA Asset Management Company, LLC, the Sponsor of the Registrant.

 

Exhibit 32.1

 

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report of World Gold Trust (the “Trust” or “Registrant”) on Form 10-Q for the quarter ended December 31, 2023 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Joseph R. Cavatoni, principal executive officer of WGC USA Asset Management Company, LLC, the Sponsor of the Trust, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

 

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

 

/s/ Joseph R. Cavatoni
Joseph R. Cavatoni**
Principal Executive Officer
February 8, 2024

 

*	The originally executed copy of this Certification will be maintained at the Sponsor’s offices and will be made available for inspection upon request.

**	The Registrant is a trust and Mr. Cavatoni is signing in his capacity as Principal Executive Officer of WGC USA Asset Management Company, LLC, the Sponsor of the Trust.

 

Exhibit 32.2

 

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report of World Gold Trust (the “Trust” or “Registrant”) on Form 10-Q for the quarter ended December 31, 2023 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Amanda Krichman, Principal Financial and Accounting Officer of WGC USA Asset Management Company, LLC, the sponsor of the Trust, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

 

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

 

/s/ Amanda Krichman
Amanda Krichman **
Principal Financial and Accounting Officer
February 8, 2024

 

*	The originally executed copy of this Certification will be maintained at the Sponsor’s offices and will be made available for inspection upon request.

**	The Registrant is a trust and Ms. Krichman is signing in her capacity as Principal Financial and Accounting Officer of WGC USA Asset Management Company, LLC, the Sponsor of the Trust.

 

v3.24.0.1

Document And Entity Information - shares	3 Months Ended
	Dec. 31, 2023	Feb. 07, 2024
Document Information [Line Items]
Entity Central Index Key	0001618181
Entity Registrant Name	WORLD GOLD TRUST
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2023
Document Transition Report	false
Entity File Number	001-37996
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	36-7650517
Entity Address, Address Line One	c/o WGC USA Asset Management Company, LLC
Entity Address, Address Line Two	685 Third Avenue, Suite 2702
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10017
City Area Code	212
Local Phone Number	317-3800
Title of 12(b) Security	SPDR® Gold MiniShares® Trust
Trading Symbol	GLDM
Security Exchange Name	NYSE
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
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		157,150,000
SPDR Gold Mini Shares Trust [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		157,150,000

v3.24.0.1

Statements of Financial Condition (Current Period Unaudited) - USD ($) $ in Thousands		Dec. 31, 2023	Sep. 30, 2023
ASSETS
Investments in Gold, at fair value (cost $5,473,441 and $5,453,079 at December 31, 2023 and September 30, 2023, respectively)		$ 6,362,991	$ 5,779,814
Total Assets		6,362,991	5,779,814
LIABILITIES
Gold payable		0	14,867
Total Liabilities		527	15,353
Net Assets		$ 6,362,464	$ 5,764,461
Net asset value per Share		$ 40.9	$ 37.11
Related Party [Member]
LIABILITIES
Accounts payable to Sponsor		$ 527	$ 486
SPDR Gold Mini Shares Trust [Member]
ASSETS
Investments in Gold, at fair value (cost $5,473,441 and $5,453,079 at December 31, 2023 and September 30, 2023, respectively)		6,362,991	5,779,814
Total Assets		6,362,991	5,779,814
LIABILITIES
Gold payable		0	14,867
Total Liabilities		527	15,353
Net Assets		$ 6,362,464	$ 5,764,461
Shares issued	[1]	155,550,000	155,350,000
Shares outstanding	[1]	155,550,000	155,350,000
Net asset value per Share		$ 40.9	$ 37.11
SPDR Gold Mini Shares Trust [Member] | Related Party [Member]
LIABILITIES
Accounts payable to Sponsor		$ 527	$ 486
[1] Authorized share capital is unlimited and the par value of the Shares is $0.00.

v3.24.0.1

Statements of Financial Condition (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2023	Sep. 30, 2023
Investments in Gold, at cost	$ 5,473,441	$ 5,453,079
SPDR Gold Mini Shares Trust [Member]
Investments in Gold, at cost	$ 5,473,441	$ 5,453,079
Par value	$ 0	$ 0
Investment in Gold [Member]
Investments in Gold, at cost	$ 5,473,441	$ 5,453,079
Investment in Gold [Member] | SPDR Gold Mini Shares Trust [Member]
Investments in Gold, at cost	$ 5,473,441	$ 5,453,079

v3.24.0.1

Combined Schedules of Investment $ in Thousands	Dec. 31, 2023 USD ($) oz	Sep. 30, 2023 USD ($) oz
Investments in Gold, at cost	$ 5,473,441	$ 5,453,079
Total Investments, Fair Value	$ 6,362,991	$ 5,779,814
Total Investments, % of Net Assets	100.01%	100.27%
Liabilities in excess of other assets, fair value	$ (527)	$ (15,353)
Liabilities in excess of other assets	(0.01%)	(0.27%)
Net Assets, fair value	$ 6,362,464	$ 5,764,461
Net Assets	100.00%	100.00%
SPDR Gold Mini Shares Trust [Member]
Investments in Gold, at cost	$ 5,473,441	$ 5,453,079
Total Investments, Fair Value	$ 6,362,991	$ 5,779,814
Total Investments, % of Net Assets	100.01%	100.27%
Liabilities in excess of other assets, fair value	$ (527)	$ (15,353)
Liabilities in excess of other assets	(0.01%)	(0.27%)
Net Assets, fair value	$ 6,362,464	$ 5,764,461
Net Assets	100.00%	100.00%
Investment in Gold [Member]
Total Investments, Ounces of gold (Ounce) | oz	3,085,200	3,090,000
Investments in Gold, at cost	$ 5,473,441	$ 5,453,079
Total Investments, Fair Value	$ 6,362,991	$ 5,779,814
Total Investments, % of Net Assets	100.01%	100.27%
Investment in Gold [Member] | SPDR Gold Mini Shares Trust [Member]
Total Investments, Ounces of gold (Ounce) | oz	3,085,200	3,090,000
Investments in Gold, at cost	$ 5,473,441	$ 5,453,079
Total Investments, Fair Value	$ 6,362,991	$ 5,779,814
Total Investments, % of Net Assets	100.01%	100.27%

v3.24.0.1

Unaudited Combined Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
EXPENSES
Sponsor fees	$ 1,507	$ 1,232
Total expenses	1,507	1,232
Net investment loss	(1,507)	(1,232)
Net realized and change in unrealized gain/(loss) on investment in gold
Net realized gain/(loss) from investment in gold sold to pay Sponsor fees	135	(9)
Net realized gain/(loss) from gold distributed for the redemption of shares	20,609	3,127
Net change in unrealized gain/(loss) on investment in gold	562,815	398,270
Net realized and change in unrealized gain/(loss) on investment in gold	583,559	401,388
Net income/(loss)	582,052	400,156
SPDR Gold Mini Shares Trust [Member]
EXPENSES
Sponsor fees	1,507	1,232
Total expenses	1,507	1,232
Net investment loss	(1,507)	(1,232)
Net realized and change in unrealized gain/(loss) on investment in gold
Net realized gain/(loss) from investment in gold sold to pay Sponsor fees	135	(9)
Net realized gain/(loss) from gold distributed for the redemption of shares	20,609	3,127
Net change in unrealized gain/(loss) on investment in gold	562,815	398,270
Net realized and change in unrealized gain/(loss) on investment in gold	583,559	401,388
Net income/(loss)	$ 582,052	$ 400,156
Net income/(loss) per share (in dollars per share)	$ 3.81	$ 2.81
Weighted average number of shares (in 000’s)	152,788	142,422

v3.24.0.1

Unaudited Combined Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
INCREASE/DECREASE IN CASH FROM OPERATIONS:
Cash proceeds received from sales of gold	$ 1,466	$ 1,202
Cash expenses paid	(1,466)	(1,202)
Increase/(Decrease) in cash resulting from operations	0	0
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	0	0
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:
Value of gold received for creation of shares-net of change in gold receivable	271,189	488,680
Value of gold distributed for redemption of shares-net of change in gold payable	270,105	423,154
RECONCILIATION OF NET INCOME/(LOSS) TO NET CASH PROVIDED BY OPERATING ACTIVITIES
Net income/(loss)	582,052	400,156
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:
Proceeds from sales of gold to pay expenses	1,466	1,202
Net realized (gain)/loss from investment in gold sold to pay Sponsor fees	(135)	9
Net realized (gain)/loss from gold distributed for the redemption of shares	(20,609)	(3,127)
Net change in unrealized (gain)/loss on investment in gold	(562,815)	(398,270)
Increase/(Decrease) in accounts payable to Sponsor	41	30
Net cash provided by operating activities	0	0
SPDR Gold Mini Shares Trust [Member]
INCREASE/DECREASE IN CASH FROM OPERATIONS:
Cash proceeds received from sales of gold	1,466	1,202
Cash expenses paid	(1,466)	(1,202)
Increase/(Decrease) in cash resulting from operations	0	0
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	0	0
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:
Value of gold received for creation of shares-net of change in gold receivable	271,189	488,680
Value of gold distributed for redemption of shares-net of change in gold payable	270,105	423,154
RECONCILIATION OF NET INCOME/(LOSS) TO NET CASH PROVIDED BY OPERATING ACTIVITIES
Net income/(loss)	582,052	400,156
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:
Proceeds from sales of gold to pay expenses	1,466	1,202
Net realized (gain)/loss from investment in gold sold to pay Sponsor fees	(135)	9
Net realized (gain)/loss from gold distributed for the redemption of shares	(20,609)	(3,127)
Net change in unrealized (gain)/loss on investment in gold	(562,815)	(398,270)
Increase/(Decrease) in accounts payable to Sponsor	41	30
Net cash provided by operating activities	$ 0	$ 0

v3.24.0.1

Unaudited Combined Statements of Changes in Net Assets - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Net Assets - Opening Balance	$ 5,764,461	$ 4,639,213
Creations	271,189	488,680
Redemptions	(255,238)	(377,573)
Net investment loss	(1,507)	(1,232)
Net realized gain/(loss) from investment in gold sold to pay Sponsor fees	135	(9)
Net realized gain/(loss) from gold distributed for the redemption of shares	20,609	3,127
Net change in unrealized gain/(loss) on investment in gold	562,815	398,270
Net Assets - Closing Balance	6,362,464	5,150,476
SPDR Gold Mini Shares Trust [Member]
Net Assets - Opening Balance	5,764,461	4,639,213
Creations	271,189	488,680
Redemptions	(255,238)	(377,573)
Net investment loss	(1,507)	(1,232)
Net realized gain/(loss) from investment in gold sold to pay Sponsor fees	135	(9)
Net realized gain/(loss) from gold distributed for the redemption of shares	20,609	3,127
Net change in unrealized gain/(loss) on investment in gold	562,815	398,270
Net Assets - Closing Balance	$ 6,362,464	$ 5,150,476

v3.24.0.1

Note 1 - Organization	3 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Organization	1. Organization   The World Gold Trust (the “Trust”) was organized as a Delaware statutory trust on August 27, 2014 and is governed by the Fourth Amended and Restated Agreement and Declaration of Trust (“Declaration of Trust”), dated as of April 16, 2018 and amended on February 6, 2020, between WGC USA Asset Management Company, LLC (the “Sponsor”) and the Delaware Trust Company (the “Trustee”). The Trust is authorized to issue an unlimited number of shares of beneficial interest. The beneficial interest in the Trust may be divided into one or more series. The Trust has established six separate series, one of which is operational as of December 31, 2023.   The accompanying financial statements relate to the Trust and its one operational series, SPDR® Gold MiniShares® Trust (“GLDM”). The shares of GLDM (the “Shares”) began publicly trading on June 26, 2018 on the NYSE Arca, Inc. (the “NYSE Arca”). The Shares are also listed on the Mexican Stock Exchange (Bolsa Mexicana de Valores). The fiscal year-end of GLDM is September 30th.   The investment objective of GLDM is for its Shares to reflect the performance of the price of gold, less its expenses. GLDM’s only ordinary recurring expense is the Sponsor’s annual fee of 0.10% of its net asset value (“NAV”). The Sponsor believes that, for many investors, the Shares represent a cost-effective investment in gold.   BNY Mellon Asset Servicing, a division of The Bank of New York Mellon, (“BNYM” or the “Administrator”), is the administrator and transfer agent. BNYM also serves as the custodian of GLDM’s cash, if any. ICBC Standard Bank Plc ("ICBC") and JPMorgan Chase Bank, N.A. ("JPMorgan") are the custodians of GLDM's gold (each a "Custodian" and together, the “Custodians”). State Street Global Advisors Funds Distributors, LLC is the marketing agent (the “Marketing Agent”).   The Trust had no operations with respect to GLDM prior to June 26, 2018, other than matters relating to GLDM's organization and the registration of the offer and sale of the Shares under the Securities Act of 1933, as amended.   The Statements of Financial Condition and Schedules of Investment at December 31, 2023, and the Statements of Operations, Changes in Net Assets and Cash Flows for the three months ended December 31, 2023 and 2022 have been prepared without audit.   In the opinion of management of the Sponsor, all adjustments (which include normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows as of and for the three months ended December 31, 2023 and for all periods presented have been made. These financial statements should be read in conjunction with the financial statements and notes thereto included in the Annual Report on Form 10-K for the fiscal year ended September 30, 2023. The results of operations for the three months ended December 31, 2023 are not necessarily indicative of the operating results for the full fiscal year.
SPDR Gold Mini Shares Trust [Member]
Notes to Financial Statements
Organization	1. Organization   The World Gold Trust (the “Trust”) was organized as a Delaware statutory trust on August 27, 2014 and is governed by the Fourth Amended and Restated Agreement and Declaration of Trust (“Declaration of Trust”), dated as of April 16, 2018 and amended on February 6, 2020, between WGC USA Asset Management Company, LLC (the “Sponsor”) and the Delaware Trust Company (the “Trustee”). The Trust is authorized to issue an unlimited number of shares of beneficial interest. The beneficial interest in the Trust may be divided into one or more series. The Trust has established six separate series, one of which is operational as of December 31, 2023.   The accompanying financial statements relate to the Trust and its one operational series, SPDR® Gold MiniShares® Trust (“GLDM”). The shares of GLDM (the “Shares”) began publicly trading on June 26, 2018 on the NYSE Arca, Inc. (the “NYSE Arca”). The Shares are also listed on the Mexican Stock Exchange (Bolsa Mexicana de Valores). The fiscal year-end of GLDM is September 30th.   The investment objective of GLDM is for its Shares to reflect the performance of the price of gold, less its expenses. GLDM’s only ordinary recurring expense is the Sponsor’s annual fee of 0.10% of its net asset value (“NAV”). The Sponsor believes that, for many investors, the Shares represent a cost-effective investment in gold.   BNY Mellon Asset Servicing, a division of The Bank of New York Mellon, (“BNYM” or the “Administrator”), is the administrator and transfer agent. BNYM also serves as the custodian of GLDM’s cash, if any. ICBC Standard Bank Plc ("ICBC") and JPMorgan Chase Bank, N.A. ("JPMorgan") are the custodians of GLDM's gold (each a "Custodian" and together, the “Custodians”). State Street Global Advisors Funds Distributors, LLC is the marketing agent (the “Marketing Agent”).   The Trust had no operations with respect to GLDM prior to June 26, 2018, other than matters relating to GLDM's organization and the registration of the offer and sale of the Shares under the Securities Act of 1933, as amended.   The Statements of Financial Condition and Schedules of Investment at December 31, 2023, and the Statements of Operations, Changes in Net Assets and Cash Flows for the three months ended December 31, 2023 and 2022 have been prepared without audit.   In the opinion of management of the Sponsor, all adjustments (which include normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows as of and for the three months ended December 31, 2023 and for all periods presented have been made. These financial statements should be read in conjunction with the financial statements and notes thereto included in the Annual Report on Form 10-K for the fiscal year ended September 30, 2023. The results of operations for the three months ended December 31, 2023 are not necessarily indicative of the operating results for the full fiscal year.

v3.24.0.1

Note 2 - Significant Accounting Policies	3 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Significant Accounting Policies	2. Significant Accounting Policies   The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires those responsible for preparing financial statements to make estimates and assumptions that affect the reported amounts and disclosures. Actual results could differ from those estimates. The following is a summary of significant accounting policies followed by GLDM and the Trust.   2.1. Basis of Accounting   For accounting purposes, GLDM is an investment company within the scope of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946, Financial Services—Investment Companies, and therefore applies the specialized accounting and reporting guidance therein. It is not registered as an investment company under the Investment Company Act of 1940, as amended.     These financial statements present the financial condition, results of operations and cash flows of the Trust combined with its operating series and GLDM separately. For the periods presented, there were no balances or activity for the Trust and the footnotes accordingly relate to GLDM, unless stated otherwise.   2.2 Basis of Presentation   The financial statements are presented for the Trust, as the SEC registrant, combined with GLDM and for GLDM individually. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to GLDM are enforceable only against the assets of GLDM and not against the assets of the Trust generally or any other series that the Trust may establish.   2.3 Cash and Cash Equivalents   Cash and cash equivalents, when outstanding, include highly liquid investments of sufficient credit quality with original maturity of three months or less.   2.4. Fair Value Measurement   U.S. GAAP defines fair value as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GLDM’s policy is to value its investments at fair value.   Various inputs are used in determining the fair value of GLDM’s assets or liabilities. Inputs may be based on independent market data (“observable inputs”) or they may be internally developed (“unobservable inputs”). These inputs are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes. The level of a value determined for an asset or liability within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement in its entirety. The three levels of the fair value hierarchy are:   Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities;   Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability and inputs that are derived principally from or corroborated by observable market data by correlation or other means; and   Level 3 – Inputs that are unobservable for the asset and liability, including a fund’s assumptions (if any) used in determining the fair value of investments.   The following table summarizes GLDM’s investment at fair value:   (Amounts in 000’s of US$)                         December 31, 2023   Level 1     Level 2     Level 3   Investment in Gold   $ 6,362,991     $ -     $ -   Total   $ 6,362,991       -       -      (Amounts in 000’s of US$)                         September 30, 2023   Level 1     Level 2     Level 3   Investment in Gold   $ 5,779,814     $ -     $ -   Total   $ 5,779,814     $ -     $ -       There were no transfers between Level 1 and other Levels for the three months ended December 31, 2023 or for the year ended September 30, 2023.   The Administrator values the gold held by GLDM on the basis of the price of an ounce of gold as determined by ICE Benchmark Administration Limited (the “IBA”), a benchmark administrator, which provides an independently administered auction process, as well as the overall administration and governance for the London Bullion Market Association (the “LBMA”). In determining the NAV of GLDM, the Administrator values the gold held on the basis of the price of an ounce of gold determined by the IBA 3:00 PM auction process (the “LBMA Gold Price PM”), which is an electronic auction. The auction runs twice daily at 10:30 AM and 3:00 PM London time. The Administrator calculates the NAV of GLDM on each day the NYSE Arca is open for regular trading, generally as of 12:00 PM New York time. If no LBMA Gold Price PM is made on a particular evaluation day or if the LBMA Gold Price PM has not been announced by 12:00 PM New York time on a particular evaluation day, the next most recent LBMA Gold Price AM or PM is used in the determination of the NAV of GLDM, unless the Administrator, in consultation with the Sponsor, determines that such price is inappropriate to use as the basis for such determination.   2.5. Custody of Gold   Gold is held by the Custodians on behalf of GLDM, 100% of which is allocated gold in the form of good delivery gold bars. A current list of all gold held by each Custodian, including any held with a subcustodian is available on the Sponsor’s website at www.spdrgoldshares.com.   2.6. Gold Receivable   Gold receivable represents the quantity of gold covered by contractually binding orders for the creation of Shares where the gold has not yet been transferred to GLDM’s account. Generally, ownership of the gold is transferred within two business days of the trade date.       Dec-31,     Sep-30,   (Amounts in 000’s of US$)   2023     2023   Gold receivable   $ -     $ -     2.7. Gold Payable   Gold payable represents the quantity of gold covered by contractually binding orders for the redemption of Shares where the gold has not yet been transferred out of GLDM’s account. Generally, ownership of the gold is transferred within two business days of the trade date.       Dec-31,     Sep-30,   (Amounts in 000’s of US$)   2023     2023   Gold payable   $ -     $ 14,867     2.8. Creations and Redemptions of Shares   GLDM creates and redeems Shares from time to time, but only in one or more Creation Units (a Creation Unit equals a block of 100,000 Shares). GLDM issues Shares in Creation Units to certain authorized participants (“Authorized Participants”) on an ongoing basis. The creation and redemption of Creation Units is only made in exchange for the amount of gold and any cash represented by the Creation Units being created or redeemed. This amount will be based on the combined net asset value of the number of Shares included in the Creation Units being created or redeemed determined on the day the order to create or redeem Creation Units is properly received.     As the Shares are redeemable in Creation Units at the option of the Authorized Participants, GLDM has classified the Shares as Net Assets for financial reporting purposes. Changes in the Shares for the three months ended December 31, 2023 and 2022 are as follows:       Three Months     Three Months       Ended     Ended   (Amounts are in 000’s)   Dec-31, 2023     Dec-31, 2022   Activity in Number of Shares Created and Redeemed:                 Creations     6,900       14,300   Redemptions     (6,700 )     (10,900 ) Net Change in Number of Shares Created and Redeemed     200       3,400         Three Months     Three Months       Ended     Ended   (Amounts in 000’s of US$)   Dec-31, 2023     Dec-31, 2022   Activity in Value of Shares Created and Redeemed:                 Creations   $ 271,189     $ 488,680   Redemptions     (255,238 )     (377,573 ) Net change in Value of Shares Created and Redeemed   $ 15,951     $ 111,107     2.9. Income and Expense (Amounts in 000’s of US$)   The Administrator will, at the direction of the Sponsor, sell GLDM’s gold as necessary to pay its expenses. When selling gold to pay expenses, the Administrator will endeavor to sell the smallest amount of gold needed to pay expenses in order to minimize GLDM’s holdings of assets other than gold. Unless otherwise directed by the Sponsor, the Administrator will give a sell order and sell gold to the Custodians at the LBMA Gold Price PM following the sell order. A gain or loss is recognized based on the difference between the selling price and the average cost of the gold sold, and such amounts are reported as net realized gain/(loss) from investment in gold sold to pay Sponsor expenses on the Statement of Operations.   GLDM’s net realized and change in unrealized gain/(loss) on investment in gold for the three months ended December 31, 2023 of $583,559 is made up of a realized gain of $135 from the sale of gold to pay Sponsor fees, a realized gain of $20,609 from gold distributed for the redemption of shares, and a change in unrealized gain of $562,815  on investment in gold.   GLDM’s net realized and change in unrealized gain/(loss) on investment in gold for the three months ended December 31, 2022 of $401,388 is made up of a realized loss of $9 from the sale of gold to pay Sponsor fees, a realized gain of $3,127 from gold distributed for the redemption of shares, and a change in unrealized gain of $398,270 on investment in gold.   2.10. Income Taxes   GLDM is classified as a “grantor trust” for U.S. federal income tax purposes. As a result, it is not subject to U.S. federal income tax. Instead, its income and expenses “flow through” to the shareholders, and the Administrator will report GLDM’s proceeds, income, deductions, gains and losses to the Internal Revenue Service on that basis.   The Sponsor has evaluated whether there are uncertain tax positions that require financial statement recognition and has determined that no reserves for uncertain tax positions are required as of December 31, 2023. As of December 31, 2023, the 2022, 2021 and 2020 tax years remain open for examination. There were no examinations in progress at period end.
SPDR Gold Mini Shares Trust [Member]
Notes to Financial Statements
Significant Accounting Policies	2. Significant Accounting Policies   The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires those responsible for preparing financial statements to make estimates and assumptions that affect the reported amounts and disclosures. Actual results could differ from those estimates. The following is a summary of significant accounting policies followed by GLDM and the Trust.   2.1. Basis of Accounting   For accounting purposes, GLDM is an investment company within the scope of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946, Financial Services—Investment Companies, and therefore applies the specialized accounting and reporting guidance therein. It is not registered as an investment company under the Investment Company Act of 1940, as amended.     These financial statements present the financial condition, results of operations and cash flows of the Trust combined with its operating series and GLDM separately. For the periods presented, there were no balances or activity for the Trust and the footnotes accordingly relate to GLDM, unless stated otherwise.   2.2 Basis of Presentation   The financial statements are presented for the Trust, as the SEC registrant, combined with GLDM and for GLDM individually. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to GLDM are enforceable only against the assets of GLDM and not against the assets of the Trust generally or any other series that the Trust may establish.   2.3 Cash and Cash Equivalents   Cash and cash equivalents, when outstanding, include highly liquid investments of sufficient credit quality with original maturity of three months or less.   2.4. Fair Value Measurement   U.S. GAAP defines fair value as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GLDM’s policy is to value its investments at fair value.   Various inputs are used in determining the fair value of GLDM’s assets or liabilities. Inputs may be based on independent market data (“observable inputs”) or they may be internally developed (“unobservable inputs”). These inputs are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes. The level of a value determined for an asset or liability within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement in its entirety. The three levels of the fair value hierarchy are:   Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities;   Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability and inputs that are derived principally from or corroborated by observable market data by correlation or other means; and   Level 3 – Inputs that are unobservable for the asset and liability, including a fund’s assumptions (if any) used in determining the fair value of investments.   The following table summarizes GLDM’s investment at fair value:   (Amounts in 000’s of US$)                         December 31, 2023   Level 1     Level 2     Level 3   Investment in Gold   $ 6,362,991     $ -     $ -   Total   $ 6,362,991       -       -      (Amounts in 000’s of US$)                         September 30, 2023   Level 1     Level 2     Level 3   Investment in Gold   $ 5,779,814     $ -     $ -   Total   $ 5,779,814     $ -     $ -       There were no transfers between Level 1 and other Levels for the three months ended December 31, 2023 or for the year ended September 30, 2023.   The Administrator values the gold held by GLDM on the basis of the price of an ounce of gold as determined by ICE Benchmark Administration Limited (the “IBA”), a benchmark administrator, which provides an independently administered auction process, as well as the overall administration and governance for the London Bullion Market Association (the “LBMA”). In determining the NAV of GLDM, the Administrator values the gold held on the basis of the price of an ounce of gold determined by the IBA 3:00 PM auction process (the “LBMA Gold Price PM”), which is an electronic auction. The auction runs twice daily at 10:30 AM and 3:00 PM London time. The Administrator calculates the NAV of GLDM on each day the NYSE Arca is open for regular trading, generally as of 12:00 PM New York time. If no LBMA Gold Price PM is made on a particular evaluation day or if the LBMA Gold Price PM has not been announced by 12:00 PM New York time on a particular evaluation day, the next most recent LBMA Gold Price AM or PM is used in the determination of the NAV of GLDM, unless the Administrator, in consultation with the Sponsor, determines that such price is inappropriate to use as the basis for such determination.   2.5. Custody of Gold   Gold is held by the Custodians on behalf of GLDM, 100% of which is allocated gold in the form of good delivery gold bars. A current list of all gold held by each Custodian, including any held with a subcustodian is available on the Sponsor’s website at www.spdrgoldshares.com.   2.6. Gold Receivable   Gold receivable represents the quantity of gold covered by contractually binding orders for the creation of Shares where the gold has not yet been transferred to GLDM’s account. Generally, ownership of the gold is transferred within two business days of the trade date.       Dec-31,     Sep-30,   (Amounts in 000’s of US$)   2023     2023   Gold receivable   $ -     $ -     2.7. Gold Payable   Gold payable represents the quantity of gold covered by contractually binding orders for the redemption of Shares where the gold has not yet been transferred out of GLDM’s account. Generally, ownership of the gold is transferred within two business days of the trade date.       Dec-31,     Sep-30,   (Amounts in 000’s of US$)   2023     2023   Gold payable   $ -     $ 14,867     2.8. Creations and Redemptions of Shares   GLDM creates and redeems Shares from time to time, but only in one or more Creation Units (a Creation Unit equals a block of 100,000 Shares). GLDM issues Shares in Creation Units to certain authorized participants (“Authorized Participants”) on an ongoing basis. The creation and redemption of Creation Units is only made in exchange for the amount of gold and any cash represented by the Creation Units being created or redeemed. This amount will be based on the combined net asset value of the number of Shares included in the Creation Units being created or redeemed determined on the day the order to create or redeem Creation Units is properly received.     As the Shares are redeemable in Creation Units at the option of the Authorized Participants, GLDM has classified the Shares as Net Assets for financial reporting purposes. Changes in the Shares for the three months ended December 31, 2023 and 2022 are as follows:       Three Months     Three Months       Ended     Ended   (Amounts are in 000’s)   Dec-31, 2023     Dec-31, 2022   Activity in Number of Shares Created and Redeemed:                 Creations     6,900       14,300   Redemptions     (6,700 )     (10,900 ) Net Change in Number of Shares Created and Redeemed     200       3,400         Three Months     Three Months       Ended     Ended   (Amounts in 000’s of US$)   Dec-31, 2023     Dec-31, 2022   Activity in Value of Shares Created and Redeemed:                 Creations   $ 271,189     $ 488,680   Redemptions     (255,238 )     (377,573 ) Net change in Value of Shares Created and Redeemed   $ 15,951     $ 111,107     2.9. Income and Expense (Amounts in 000’s of US$)   The Administrator will, at the direction of the Sponsor, sell GLDM’s gold as necessary to pay its expenses. When selling gold to pay expenses, the Administrator will endeavor to sell the smallest amount of gold needed to pay expenses in order to minimize GLDM’s holdings of assets other than gold. Unless otherwise directed by the Sponsor, the Administrator will give a sell order and sell gold to the Custodians at the LBMA Gold Price PM following the sell order. A gain or loss is recognized based on the difference between the selling price and the average cost of the gold sold, and such amounts are reported as net realized gain/(loss) from investment in gold sold to pay Sponsor expenses on the Statement of Operations.   GLDM’s net realized and change in unrealized gain/(loss) on investment in gold for the three months ended December 31, 2023 of $583,559 is made up of a realized gain of $135 from the sale of gold to pay Sponsor fees, a realized gain of $20,609 from gold distributed for the redemption of shares, and a change in unrealized gain of $562,815  on investment in gold.   GLDM’s net realized and change in unrealized gain/(loss) on investment in gold for the three months ended December 31, 2022 of $401,388 is made up of a realized loss of $9 from the sale of gold to pay Sponsor fees, a realized gain of $3,127 from gold distributed for the redemption of shares, and a change in unrealized gain of $398,270 on investment in gold.   2.10. Income Taxes   GLDM is classified as a “grantor trust” for U.S. federal income tax purposes. As a result, it is not subject to U.S. federal income tax. Instead, its income and expenses “flow through” to the shareholders, and the Administrator will report GLDM’s proceeds, income, deductions, gains and losses to the Internal Revenue Service on that basis.   The Sponsor has evaluated whether there are uncertain tax positions that require financial statement recognition and has determined that no reserves for uncertain tax positions are required as of December 31, 2023. As of December 31, 2023, the 2022, 2021 and 2020 tax years remain open for examination. There were no examinations in progress at period end.

v3.24.0.1

Note 3 - Related Parties - Sponsor	3 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Related Parties - Sponsor and Trustee	3. Related Parties – Sponsor   Effective February 23, 2022, the Sponsor reduced its annual fee of 0.18% of the NAV of GLDM to 0.10% of the NAV of GLDM and implemented a one-for-two reverse stock split of the Shares which now represent 1/50th of an ounce of gold. The Sponsor’s annual fee equal to 0.10% of the NAV of GLDM is calculated daily. The Sponsor is responsible for the payment of all GLDM’s ordinary fees and expenses, including but not limited to the following: fees charged by GLDM’s Administrator, Custodians, Marketing Agent and Trustee; exchange listing fees; typical maintenance and transaction fees of The Depository Trust Company; SEC registration fees; printing and mailing costs; audit fees and expenses; and legal fees not in excess of $100,000 per annum and expenses and applicable license fees. The Sponsor is not, however, required to pay any extraordinary expenses incurred in the ordinary course of GLDM’s business as outlined in the Sponsor’s agreement with the Trust.
SPDR Gold Mini Shares Trust [Member]
Notes to Financial Statements
Related Parties - Sponsor and Trustee	3. Related Parties – Sponsor   Effective February 23, 2022, the Sponsor reduced its annual fee of 0.18% of the NAV of GLDM to 0.10% of the NAV of GLDM and implemented a one-for-two reverse stock split of the Shares which now represent 1/50th of an ounce of gold. The Sponsor’s annual fee equal to 0.10% of the NAV of GLDM is calculated daily. The Sponsor is responsible for the payment of all GLDM’s ordinary fees and expenses, including but not limited to the following: fees charged by GLDM’s Administrator, Custodians, Marketing Agent and Trustee; exchange listing fees; typical maintenance and transaction fees of The Depository Trust Company; SEC registration fees; printing and mailing costs; audit fees and expenses; and legal fees not in excess of $100,000 per annum and expenses and applicable license fees. The Sponsor is not, however, required to pay any extraordinary expenses incurred in the ordinary course of GLDM’s business as outlined in the Sponsor’s agreement with the Trust.

v3.24.0.1

Note 4 - GLDM Expenses	3 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
GLDM Expenses	4. GLDM Expenses   GLDM’s only ordinary recurring operating expense is the Sponsor’s annual fee of 0.10% of the NAV of GLDM. The Sponsor’s fee is payable monthly in arrears.   Expenses payable will reduce the NAV of GLDM.
SPDR Gold Mini Shares Trust [Member]
Notes to Financial Statements
GLDM Expenses	4. GLDM Expenses   GLDM’s only ordinary recurring operating expense is the Sponsor’s annual fee of 0.10% of the NAV of GLDM. The Sponsor’s fee is payable monthly in arrears.   Expenses payable will reduce the NAV of GLDM.

v3.24.0.1

Note 5 - Concentration of Risk	3 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Concentration of Risk	5. Concentration of Risk   GLDM’s primary business activities are the investment in gold and the issuance and sale of Shares.   Various factors could affect the price of gold including: (i) global gold supply and demand, which is influenced by such factors as forward selling by gold producers, purchases made by gold producers to unwind gold hedge positions, central bank purchases and sales, and production and cost levels in major gold-producing countries such as China, Australia, South Africa and the United States; (ii) investors’ expectations with respect to the rate of inflation; (iii) currency exchange rates; (iv) interest rates; (v) investment and trading activities of hedge funds and commodity funds; (vi) other economic variables such as income growth, economic output, and monetary policies; and (vii) global or regional political, economic or financial events and situations. In addition, while gold it used to preserve wealth by investors around the world, there is no assurance that gold will maintain its long-term value in terms of purchasing power in the future. In the event that the price of gold declines, the Sponsor expects the value of an investment in the Shares to decline proportionately. Each of these events could have a material effect on GLDM’s financial position and results of operations.
SPDR Gold Mini Shares Trust [Member]
Notes to Financial Statements
Concentration of Risk	5. Concentration of Risk   GLDM’s primary business activities are the investment in gold and the issuance and sale of Shares.   Various factors could affect the price of gold including: (i) global gold supply and demand, which is influenced by such factors as forward selling by gold producers, purchases made by gold producers to unwind gold hedge positions, central bank purchases and sales, and production and cost levels in major gold-producing countries such as China, Australia, South Africa and the United States; (ii) investors’ expectations with respect to the rate of inflation; (iii) currency exchange rates; (iv) interest rates; (v) investment and trading activities of hedge funds and commodity funds; (vi) other economic variables such as income growth, economic output, and monetary policies; and (vii) global or regional political, economic or financial events and situations. In addition, while gold it used to preserve wealth by investors around the world, there is no assurance that gold will maintain its long-term value in terms of purchasing power in the future. In the event that the price of gold declines, the Sponsor expects the value of an investment in the Shares to decline proportionately. Each of these events could have a material effect on GLDM’s financial position and results of operations.

v3.24.0.1

Note 6 - Indemnification	3 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Indemnification	6. Indemnification   The Sponsor and each of its shareholders, members, directors, officers, employees, affiliates and subsidiaries will be indemnified by the Trust and held harmless against any losses, liabilities or expenses incurred in the performance of its duties under the Declaration of Trust without gross negligence, bad faith or willful misconduct. The Sponsor shall in no event be deemed to have assumed or incurred any liability, duty, or obligation to any shareholder or to the Trustee other than as expressly provided for in the Declaration of Trust. Such indemnity includes payment from the Trust of the costs and expenses incurred in defending against any indemnified claim or liability under the Declaration of Trust.     The Trustee and each of its officers, affiliates, directors, employees, and agents will be indemnified by the Trust from and against any losses, claims, taxes, damages, reasonable expenses, and liabilities incurred with respect to the creation, operation or termination of the Trust, the execution, delivery or performance of the Declaration of Trust or the transactions contemplated thereby; provided that the indemnified party acted without willful misconduct, bad faith or gross negligence. The Sponsor will not be liable to the Trust, the Trustee or any shareholder for any action taken or for refraining from taking any action in good faith, or for errors in judgment or for depreciation or loss incurred by reason of the sale of any gold or other assets held in trust under Declaration of Trust. However, the preceding liability exclusion will not protect the Sponsor against any liability resulting from its own gross negligence, bad faith, or willful misconduct.
SPDR Gold Mini Shares Trust [Member]
Notes to Financial Statements
Indemnification	6. Indemnification   The Sponsor and each of its shareholders, members, directors, officers, employees, affiliates and subsidiaries will be indemnified by the Trust and held harmless against any losses, liabilities or expenses incurred in the performance of its duties under the Declaration of Trust without gross negligence, bad faith or willful misconduct. The Sponsor shall in no event be deemed to have assumed or incurred any liability, duty, or obligation to any shareholder or to the Trustee other than as expressly provided for in the Declaration of Trust. Such indemnity includes payment from the Trust of the costs and expenses incurred in defending against any indemnified claim or liability under the Declaration of Trust.     The Trustee and each of its officers, affiliates, directors, employees, and agents will be indemnified by the Trust from and against any losses, claims, taxes, damages, reasonable expenses, and liabilities incurred with respect to the creation, operation or termination of the Trust, the execution, delivery or performance of the Declaration of Trust or the transactions contemplated thereby; provided that the indemnified party acted without willful misconduct, bad faith or gross negligence. The Sponsor will not be liable to the Trust, the Trustee or any shareholder for any action taken or for refraining from taking any action in good faith, or for errors in judgment or for depreciation or loss incurred by reason of the sale of any gold or other assets held in trust under Declaration of Trust. However, the preceding liability exclusion will not protect the Sponsor against any liability resulting from its own gross negligence, bad faith, or willful misconduct.

v3.24.0.1

Note 7 - Financial Highlights	3 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Financial Highlights	7. Financial Highlights   The following presentation includes financial highlights related to investment performance and operations of a Share outstanding for the three months ended December 31, 2023 and December 31, 2022. The total return at net asset value is based on the change in net asset value of a Share during the period and the total return at market value is based on the change in market value of a Share on NYSE Arca during the period. An individual investor’s return and ratios may vary based on the timing of capital transactions.   Financial Highlights (Unaudited)   For the three months ended December 31, 2023 and 2022       Three Months     Three Months       Ended     Ended       Dec-31, 2023     Dec-31, 2022       (unaudited)     (unaudited)   Net Asset Value                 Net Asset Value per Share, beginning of period   $ 37.11     $ 33.20   Net Investment income/(loss)     (0.01 )     (0.01 ) Net Realized and Change in Unrealized Gain/(Loss)     3.80       2.79   Net Income/(Loss)     3.79       2.78   Net Asset Value per Share, end of period   $ 40.90     $ 35.98   Market Value per Share, beginning of period   $ 36.66     $ 32.98   Market Value per Share, end of period   $ 40.91     $ 36.19   Ratio to average net assets                 Net Investment loss(1)     (0.10 )%     0.10 % Gross expenses(1)     0.10 %     0.10 % Net expenses(1)     0.10 %     0.10 % Total Return, at Net Asset Value(2)     10.21 %     8.37 % Total Return, at Market Value(2)     11.59 %     9.73 %   (1) Percentages are annualized. (2) Percentages are not annualized.
SPDR Gold Mini Shares Trust [Member]
Notes to Financial Statements
Financial Highlights	7. Financial Highlights   The following presentation includes financial highlights related to investment performance and operations of a Share outstanding for the three months ended December 31, 2023 and December 31, 2022. The total return at net asset value is based on the change in net asset value of a Share during the period and the total return at market value is based on the change in market value of a Share on NYSE Arca during the period. An individual investor’s return and ratios may vary based on the timing of capital transactions.   Financial Highlights (Unaudited)   For the three months ended December 31, 2023 and 2022       Three Months     Three Months       Ended     Ended       Dec-31, 2023     Dec-31, 2022       (unaudited)     (unaudited)   Net Asset Value                 Net Asset Value per Share, beginning of period   $ 37.11     $ 33.20   Net Investment income/(loss)     (0.01 )     (0.01 ) Net Realized and Change in Unrealized Gain/(Loss)     3.80       2.79   Net Income/(Loss)     3.79       2.78   Net Asset Value per Share, end of period   $ 40.90     $ 35.98   Market Value per Share, beginning of period   $ 36.66     $ 32.98   Market Value per Share, end of period   $ 40.91     $ 36.19   Ratio to average net assets                 Net Investment loss(1)     (0.10 )%     0.10 % Gross expenses(1)     0.10 %     0.10 % Net expenses(1)     0.10 %     0.10 % Total Return, at Net Asset Value(2)     10.21 %     8.37 % Total Return, at Market Value(2)     11.59 %     9.73 %   (1) Percentages are annualized. (2) Percentages are not annualized.

v3.24.0.1

Significant Accounting Policies (Policies)	3 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of Accounting	2.1. Basis of Accounting   For accounting purposes, GLDM is an investment company within the scope of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946, Financial Services—Investment Companies, and therefore applies the specialized accounting and reporting guidance therein. It is not registered as an investment company under the Investment Company Act of 1940, as amended.     These financial statements present the financial condition, results of operations and cash flows of the Trust combined with its operating series and GLDM separately. For the periods presented, there were no balances or activity for the Trust and the footnotes accordingly relate to GLDM, unless stated otherwise.
Basis of Presentation	2.2 Basis of Presentation   The financial statements are presented for the Trust, as the SEC registrant, combined with GLDM and for GLDM individually. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to GLDM are enforceable only against the assets of GLDM and not against the assets of the Trust generally or any other series that the Trust may establish.
Cash and Cash Equivalents	2.3 Cash and Cash Equivalents   Cash and cash equivalents, when outstanding, include highly liquid investments of sufficient credit quality with original maturity of three months or less.
Fair Value Measurement	2.4. Fair Value Measurement   U.S. GAAP defines fair value as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GLDM’s policy is to value its investments at fair value.   Various inputs are used in determining the fair value of GLDM’s assets or liabilities. Inputs may be based on independent market data (“observable inputs”) or they may be internally developed (“unobservable inputs”). These inputs are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes. The level of a value determined for an asset or liability within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement in its entirety. The three levels of the fair value hierarchy are:   Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities;   Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability and inputs that are derived principally from or corroborated by observable market data by correlation or other means; and   Level 3 – Inputs that are unobservable for the asset and liability, including a fund’s assumptions (if any) used in determining the fair value of investments.   The following table summarizes GLDM’s investment at fair value:   (Amounts in 000’s of US$)                         December 31, 2023   Level 1     Level 2     Level 3   Investment in Gold   $ 6,362,991     $ -     $ -   Total   $ 6,362,991       -       -      (Amounts in 000’s of US$)                         September 30, 2023   Level 1     Level 2     Level 3   Investment in Gold   $ 5,779,814     $ -     $ -   Total   $ 5,779,814     $ -     $ -       There were no transfers between Level 1 and other Levels for the three months ended December 31, 2023 or for the year ended September 30, 2023.   The Administrator values the gold held by GLDM on the basis of the price of an ounce of gold as determined by ICE Benchmark Administration Limited (the “IBA”), a benchmark administrator, which provides an independently administered auction process, as well as the overall administration and governance for the London Bullion Market Association (the “LBMA”). In determining the NAV of GLDM, the Administrator values the gold held on the basis of the price of an ounce of gold determined by the IBA 3:00 PM auction process (the “LBMA Gold Price PM”), which is an electronic auction. The auction runs twice daily at 10:30 AM and 3:00 PM London time. The Administrator calculates the NAV of GLDM on each day the NYSE Arca is open for regular trading, generally as of 12:00 PM New York time. If no LBMA Gold Price PM is made on a particular evaluation day or if the LBMA Gold Price PM has not been announced by 12:00 PM New York time on a particular evaluation day, the next most recent LBMA Gold Price AM or PM is used in the determination of the NAV of GLDM, unless the Administrator, in consultation with the Sponsor, determines that such price is inappropriate to use as the basis for such determination.
Custody of Gold	2.5. Custody of Gold   Gold is held by the Custodians on behalf of GLDM, 100% of which is allocated gold in the form of good delivery gold bars. A current list of all gold held by each Custodian, including any held with a subcustodian is available on the Sponsor’s website at www.spdrgoldshares.com.
Gold Receivable	2.6. Gold Receivable   Gold receivable represents the quantity of gold covered by contractually binding orders for the creation of Shares where the gold has not yet been transferred to GLDM’s account. Generally, ownership of the gold is transferred within two business days of the trade date.       Dec-31,     Sep-30,   (Amounts in 000’s of US$)   2023     2023   Gold receivable   $ -     $ -
Gold Payable	2.7. Gold Payable   Gold payable represents the quantity of gold covered by contractually binding orders for the redemption of Shares where the gold has not yet been transferred out of GLDM’s account. Generally, ownership of the gold is transferred within two business days of the trade date.       Dec-31,     Sep-30,   (Amounts in 000’s of US$)   2023     2023   Gold payable   $ -     $ 14,867
Creations and Redemptions of Shares	2.8. Creations and Redemptions of Shares   GLDM creates and redeems Shares from time to time, but only in one or more Creation Units (a Creation Unit equals a block of 100,000 Shares). GLDM issues Shares in Creation Units to certain authorized participants (“Authorized Participants”) on an ongoing basis. The creation and redemption of Creation Units is only made in exchange for the amount of gold and any cash represented by the Creation Units being created or redeemed. This amount will be based on the combined net asset value of the number of Shares included in the Creation Units being created or redeemed determined on the day the order to create or redeem Creation Units is properly received.     As the Shares are redeemable in Creation Units at the option of the Authorized Participants, GLDM has classified the Shares as Net Assets for financial reporting purposes. Changes in the Shares for the three months ended December 31, 2023 and 2022 are as follows:       Three Months     Three Months       Ended     Ended   (Amounts are in 000’s)   Dec-31, 2023     Dec-31, 2022   Activity in Number of Shares Created and Redeemed:                 Creations     6,900       14,300   Redemptions     (6,700 )     (10,900 ) Net Change in Number of Shares Created and Redeemed     200       3,400         Three Months     Three Months       Ended     Ended   (Amounts in 000’s of US$)   Dec-31, 2023     Dec-31, 2022   Activity in Value of Shares Created and Redeemed:                 Creations   $ 271,189     $ 488,680   Redemptions     (255,238 )     (377,573 ) Net change in Value of Shares Created and Redeemed   $ 15,951     $ 111,107
Income and Expense	2.9. Income and Expense (Amounts in 000’s of US$)   The Administrator will, at the direction of the Sponsor, sell GLDM’s gold as necessary to pay its expenses. When selling gold to pay expenses, the Administrator will endeavor to sell the smallest amount of gold needed to pay expenses in order to minimize GLDM’s holdings of assets other than gold. Unless otherwise directed by the Sponsor, the Administrator will give a sell order and sell gold to the Custodians at the LBMA Gold Price PM following the sell order. A gain or loss is recognized based on the difference between the selling price and the average cost of the gold sold, and such amounts are reported as net realized gain/(loss) from investment in gold sold to pay Sponsor expenses on the Statement of Operations.   GLDM’s net realized and change in unrealized gain/(loss) on investment in gold for the three months ended December 31, 2023 of $583,559 is made up of a realized gain of $135 from the sale of gold to pay Sponsor fees, a realized gain of $20,609 from gold distributed for the redemption of shares, and a change in unrealized gain of $562,815  on investment in gold.   GLDM’s net realized and change in unrealized gain/(loss) on investment in gold for the three months ended December 31, 2022 of $401,388 is made up of a realized loss of $9 from the sale of gold to pay Sponsor fees, a realized gain of $3,127 from gold distributed for the redemption of shares, and a change in unrealized gain of $398,270 on investment in gold.
Income Taxes	2.10. Income Taxes   GLDM is classified as a “grantor trust” for U.S. federal income tax purposes. As a result, it is not subject to U.S. federal income tax. Instead, its income and expenses “flow through” to the shareholders, and the Administrator will report GLDM’s proceeds, income, deductions, gains and losses to the Internal Revenue Service on that basis.   The Sponsor has evaluated whether there are uncertain tax positions that require financial statement recognition and has determined that no reserves for uncertain tax positions are required as of December 31, 2023. As of December 31, 2023, the 2022, 2021 and 2020 tax years remain open for examination. There were no examinations in progress at period end.
SPDR Gold Mini Shares Trust [Member]
Accounting Policies [Abstract]
Basis of Accounting	2.1. Basis of Accounting   For accounting purposes, GLDM is an investment company within the scope of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946, Financial Services—Investment Companies, and therefore applies the specialized accounting and reporting guidance therein. It is not registered as an investment company under the Investment Company Act of 1940, as amended.     These financial statements present the financial condition, results of operations and cash flows of the Trust combined with its operating series and GLDM separately. For the periods presented, there were no balances or activity for the Trust and the footnotes accordingly relate to GLDM, unless stated otherwise.
Basis of Presentation	2.2 Basis of Presentation   The financial statements are presented for the Trust, as the SEC registrant, combined with GLDM and for GLDM individually. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to GLDM are enforceable only against the assets of GLDM and not against the assets of the Trust generally or any other series that the Trust may establish.
Cash and Cash Equivalents	2.3 Cash and Cash Equivalents   Cash and cash equivalents, when outstanding, include highly liquid investments of sufficient credit quality with original maturity of three months or less.
Fair Value Measurement	2.4. Fair Value Measurement   U.S. GAAP defines fair value as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GLDM’s policy is to value its investments at fair value.   Various inputs are used in determining the fair value of GLDM’s assets or liabilities. Inputs may be based on independent market data (“observable inputs”) or they may be internally developed (“unobservable inputs”). These inputs are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes. The level of a value determined for an asset or liability within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement in its entirety. The three levels of the fair value hierarchy are:   Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities;   Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability and inputs that are derived principally from or corroborated by observable market data by correlation or other means; and   Level 3 – Inputs that are unobservable for the asset and liability, including a fund’s assumptions (if any) used in determining the fair value of investments.   The following table summarizes GLDM’s investment at fair value:   (Amounts in 000’s of US$)                         December 31, 2023   Level 1     Level 2     Level 3   Investment in Gold   $ 6,362,991     $ -     $ -   Total   $ 6,362,991       -       -      (Amounts in 000’s of US$)                         September 30, 2023   Level 1     Level 2     Level 3   Investment in Gold   $ 5,779,814     $ -     $ -   Total   $ 5,779,814     $ -     $ -       There were no transfers between Level 1 and other Levels for the three months ended December 31, 2023 or for the year ended September 30, 2023.   The Administrator values the gold held by GLDM on the basis of the price of an ounce of gold as determined by ICE Benchmark Administration Limited (the “IBA”), a benchmark administrator, which provides an independently administered auction process, as well as the overall administration and governance for the London Bullion Market Association (the “LBMA”). In determining the NAV of GLDM, the Administrator values the gold held on the basis of the price of an ounce of gold determined by the IBA 3:00 PM auction process (the “LBMA Gold Price PM”), which is an electronic auction. The auction runs twice daily at 10:30 AM and 3:00 PM London time. The Administrator calculates the NAV of GLDM on each day the NYSE Arca is open for regular trading, generally as of 12:00 PM New York time. If no LBMA Gold Price PM is made on a particular evaluation day or if the LBMA Gold Price PM has not been announced by 12:00 PM New York time on a particular evaluation day, the next most recent LBMA Gold Price AM or PM is used in the determination of the NAV of GLDM, unless the Administrator, in consultation with the Sponsor, determines that such price is inappropriate to use as the basis for such determination.
Custody of Gold	2.5. Custody of Gold   Gold is held by the Custodians on behalf of GLDM, 100% of which is allocated gold in the form of good delivery gold bars. A current list of all gold held by each Custodian, including any held with a subcustodian is available on the Sponsor’s website at www.spdrgoldshares.com.
Gold Receivable	2.6. Gold Receivable   Gold receivable represents the quantity of gold covered by contractually binding orders for the creation of Shares where the gold has not yet been transferred to GLDM’s account. Generally, ownership of the gold is transferred within two business days of the trade date.       Dec-31,     Sep-30,   (Amounts in 000’s of US$)   2023     2023   Gold receivable   $ -     $ -
Gold Payable	2.7. Gold Payable   Gold payable represents the quantity of gold covered by contractually binding orders for the redemption of Shares where the gold has not yet been transferred out of GLDM’s account. Generally, ownership of the gold is transferred within two business days of the trade date.       Dec-31,     Sep-30,   (Amounts in 000’s of US$)   2023     2023   Gold payable   $ -     $ 14,867
Creations and Redemptions of Shares	2.8. Creations and Redemptions of Shares   GLDM creates and redeems Shares from time to time, but only in one or more Creation Units (a Creation Unit equals a block of 100,000 Shares). GLDM issues Shares in Creation Units to certain authorized participants (“Authorized Participants”) on an ongoing basis. The creation and redemption of Creation Units is only made in exchange for the amount of gold and any cash represented by the Creation Units being created or redeemed. This amount will be based on the combined net asset value of the number of Shares included in the Creation Units being created or redeemed determined on the day the order to create or redeem Creation Units is properly received.     As the Shares are redeemable in Creation Units at the option of the Authorized Participants, GLDM has classified the Shares as Net Assets for financial reporting purposes. Changes in the Shares for the three months ended December 31, 2023 and 2022 are as follows:       Three Months     Three Months       Ended     Ended   (Amounts are in 000’s)   Dec-31, 2023     Dec-31, 2022   Activity in Number of Shares Created and Redeemed:                 Creations     6,900       14,300   Redemptions     (6,700 )     (10,900 ) Net Change in Number of Shares Created and Redeemed     200       3,400         Three Months     Three Months       Ended     Ended   (Amounts in 000’s of US$)   Dec-31, 2023     Dec-31, 2022   Activity in Value of Shares Created and Redeemed:                 Creations   $ 271,189     $ 488,680   Redemptions     (255,238 )     (377,573 ) Net change in Value of Shares Created and Redeemed   $ 15,951     $ 111,107
Income and Expense	2.9. Income and Expense (Amounts in 000’s of US$)   The Administrator will, at the direction of the Sponsor, sell GLDM’s gold as necessary to pay its expenses. When selling gold to pay expenses, the Administrator will endeavor to sell the smallest amount of gold needed to pay expenses in order to minimize GLDM’s holdings of assets other than gold. Unless otherwise directed by the Sponsor, the Administrator will give a sell order and sell gold to the Custodians at the LBMA Gold Price PM following the sell order. A gain or loss is recognized based on the difference between the selling price and the average cost of the gold sold, and such amounts are reported as net realized gain/(loss) from investment in gold sold to pay Sponsor expenses on the Statement of Operations.   GLDM’s net realized and change in unrealized gain/(loss) on investment in gold for the three months ended December 31, 2023 of $583,559 is made up of a realized gain of $135 from the sale of gold to pay Sponsor fees, a realized gain of $20,609 from gold distributed for the redemption of shares, and a change in unrealized gain of $562,815  on investment in gold.   GLDM’s net realized and change in unrealized gain/(loss) on investment in gold for the three months ended December 31, 2022 of $401,388 is made up of a realized loss of $9 from the sale of gold to pay Sponsor fees, a realized gain of $3,127 from gold distributed for the redemption of shares, and a change in unrealized gain of $398,270 on investment in gold.
Income Taxes	2.10. Income Taxes   GLDM is classified as a “grantor trust” for U.S. federal income tax purposes. As a result, it is not subject to U.S. federal income tax. Instead, its income and expenses “flow through” to the shareholders, and the Administrator will report GLDM’s proceeds, income, deductions, gains and losses to the Internal Revenue Service on that basis.   The Sponsor has evaluated whether there are uncertain tax positions that require financial statement recognition and has determined that no reserves for uncertain tax positions are required as of December 31, 2023. As of December 31, 2023, the 2022, 2021 and 2020 tax years remain open for examination. There were no examinations in progress at period end.

v3.24.0.1

Note 2 - Significant Accounting Policies (Tables)	3 Months Ended
	Dec. 31, 2023
Notes Tables
Summary of Fund's Investments at Fair Value	The following table summarizes GLDM’s investment at fair value:   (Amounts in 000’s of US$)                         December 31, 2023   Level 1     Level 2     Level 3   Investment in Gold   $ 6,362,991     $ -     $ -   Total   $ 6,362,991       -       -   (Amounts in 000’s of US$)                         September 30, 2023   Level 1     Level 2     Level 3   Investment in Gold   $ 5,779,814     $ -     $ -   Total   $ 5,779,814     $ -     $ -
Summary of Gold Receivable / Payable	Gold receivable represents the quantity of gold covered by contractually binding orders for the creation of Shares where the gold has not yet been transferred to GLDM’s account. Generally, ownership of the gold is transferred within two business days of the trade date.       Dec-31,     Sep-30,   (Amounts in 000’s of US$)   2023     2023   Gold receivable   $ -     $ -       Dec-31,     Sep-30,   (Amounts in 000’s of US$)   2023     2023   Gold payable   $ -     $ 14,867
Creations and Redemptions of Shares	As the Shares are redeemable in Creation Units at the option of the Authorized Participants, GLDM has classified the Shares as Net Assets for financial reporting purposes. Changes in the Shares for the three months ended December 31, 2023 and 2022 are as follows:       Three Months     Three Months       Ended     Ended   (Amounts are in 000’s)   Dec-31, 2023     Dec-31, 2022   Activity in Number of Shares Created and Redeemed:                 Creations     6,900       14,300   Redemptions     (6,700 )     (10,900 ) Net Change in Number of Shares Created and Redeemed     200       3,400       Three Months     Three Months       Ended     Ended   (Amounts in 000’s of US$)   Dec-31, 2023     Dec-31, 2022   Activity in Value of Shares Created and Redeemed:                 Creations   $ 271,189     $ 488,680   Redemptions     (255,238 )     (377,573 ) Net change in Value of Shares Created and Redeemed   $ 15,951     $ 111,107
SPDR Gold Mini Shares Trust [Member]
Notes Tables
Summary of Fund's Investments at Fair Value	The following table summarizes GLDM’s investment at fair value:   (Amounts in 000’s of US$)                         December 31, 2023   Level 1     Level 2     Level 3   Investment in Gold   $ 6,362,991     $ -     $ -   Total   $ 6,362,991       -       -   (Amounts in 000’s of US$)                         September 30, 2023   Level 1     Level 2     Level 3   Investment in Gold   $ 5,779,814     $ -     $ -   Total   $ 5,779,814     $ -     $ -
Summary of Gold Receivable / Payable	Gold receivable represents the quantity of gold covered by contractually binding orders for the creation of Shares where the gold has not yet been transferred to GLDM’s account. Generally, ownership of the gold is transferred within two business days of the trade date.       Dec-31,     Sep-30,   (Amounts in 000’s of US$)   2023     2023   Gold receivable   $ -     $ -       Dec-31,     Sep-30,   (Amounts in 000’s of US$)   2023     2023   Gold payable   $ -     $ 14,867
Creations and Redemptions of Shares	As the Shares are redeemable in Creation Units at the option of the Authorized Participants, GLDM has classified the Shares as Net Assets for financial reporting purposes. Changes in the Shares for the three months ended December 31, 2023 and 2022 are as follows:       Three Months     Three Months       Ended     Ended   (Amounts are in 000’s)   Dec-31, 2023     Dec-31, 2022   Activity in Number of Shares Created and Redeemed:                 Creations     6,900       14,300   Redemptions     (6,700 )     (10,900 ) Net Change in Number of Shares Created and Redeemed     200       3,400       Three Months     Three Months       Ended     Ended   (Amounts in 000’s of US$)   Dec-31, 2023     Dec-31, 2022   Activity in Value of Shares Created and Redeemed:                 Creations   $ 271,189     $ 488,680   Redemptions     (255,238 )     (377,573 ) Net change in Value of Shares Created and Redeemed   $ 15,951     $ 111,107

v3.24.0.1

Note 7 - Financial Highlights (Tables)	3 Months Ended
	Dec. 31, 2023
Notes Tables
Summary of Financial Highlights	Three Months     Three Months       Ended     Ended       Dec-31, 2023     Dec-31, 2022       (unaudited)     (unaudited)   Net Asset Value                 Net Asset Value per Share, beginning of period   $ 37.11     $ 33.20   Net Investment income/(loss)     (0.01 )     (0.01 ) Net Realized and Change in Unrealized Gain/(Loss)     3.80       2.79   Net Income/(Loss)     3.79       2.78   Net Asset Value per Share, end of period   $ 40.90     $ 35.98   Market Value per Share, beginning of period   $ 36.66     $ 32.98   Market Value per Share, end of period   $ 40.91     $ 36.19   Ratio to average net assets                 Net Investment loss(1)     (0.10 )%     0.10 % Gross expenses(1)     0.10 %     0.10 % Net expenses(1)     0.10 %     0.10 % Total Return, at Net Asset Value(2)     10.21 %     8.37 % Total Return, at Market Value(2)     11.59 %     9.73 %
SPDR Gold Mini Shares Trust [Member]
Notes Tables
Summary of Financial Highlights	Three Months     Three Months       Ended     Ended       Dec-31, 2023     Dec-31, 2022       (unaudited)     (unaudited)   Net Asset Value                 Net Asset Value per Share, beginning of period   $ 37.11     $ 33.20   Net Investment income/(loss)     (0.01 )     (0.01 ) Net Realized and Change in Unrealized Gain/(Loss)     3.80       2.79   Net Income/(Loss)     3.79       2.78   Net Asset Value per Share, end of period   $ 40.90     $ 35.98   Market Value per Share, beginning of period   $ 36.66     $ 32.98   Market Value per Share, end of period   $ 40.91     $ 36.19   Ratio to average net assets                 Net Investment loss(1)     (0.10 )%     0.10 % Gross expenses(1)     0.10 %     0.10 % Net expenses(1)     0.10 %     0.10 % Total Return, at Net Asset Value(2)     10.21 %     8.37 % Total Return, at Market Value(2)     11.59 %     9.73 %

v3.24.0.1

Note 1 - Organization (Details Textual)	3 Months Ended
	Dec. 31, 2023
Trust Formation Date	Aug. 27, 2014
Number of Established Series	6
Number of Established Operational Series	1
Sponsor [Member]
Percentage of Operating Expenses Annual Fee of Net Asset Value	0.10%
SPDR Gold Mini Shares Trust [Member]
Trust Formation Date	Aug. 27, 2014
Number of Established Series	6
Number of Established Operational Series	1
SPDR Gold Mini Shares Trust [Member] | Sponsor [Member]
Percentage of Operating Expenses Annual Fee of Net Asset Value	0.10%

v3.24.0.1

Note 2 - Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Sep. 30, 2023
Fair Value Assets and Liabilities, Transfers Between Level One, Level Two and Level Three	$ 0		$ 0
Percentage of Gold Held as Good Delivery Gold Bars	100.00%
Maximum Number of Business Days to Transfer Ownership of Gold	2 days
Minimum Block of Shares Issued Redeemed Against Gold	100,000
Gain (Loss) on Investments	$ 583,559	$ 401,388
Gain (Loss) on Sale of Trust Assets to Pay Expenses	135	(9)
Net Realized Gain (Loss) From Gold Distributed for the Redemption of Shares	20,609	3,127
Unrealized Gain (Loss) on Investments	562,815	398,270
Liability for Uncertainty in Income Taxes, Current	$ 0
Income Tax Examination, Description	There were no examinations in progress at period end.
SPDR Gold Mini Shares Trust [Member]
Fair Value Assets and Liabilities, Transfers Between Level One, Level Two and Level Three	$ 0		$ 0
Percentage of Gold Held as Good Delivery Gold Bars	100.00%
Maximum Number of Business Days to Transfer Ownership of Gold	2 days
Minimum Block of Shares Issued Redeemed Against Gold	100,000
Gain (Loss) on Investments	$ 583,559	401,388
Gain (Loss) on Sale of Trust Assets to Pay Expenses	135	(9)
Net Realized Gain (Loss) From Gold Distributed for the Redemption of Shares	20,609	3,127
Unrealized Gain (Loss) on Investments	562,815	$ 398,270
Liability for Uncertainty in Income Taxes, Current	$ 0
Income Tax Examination, Description	There were no examinations in progress at period end.

v3.24.0.1

Note 2 - Significant Accounting Policies - Summary of Investments at Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Sep. 30, 2023
Investments, fair value	$ 6,362,991	$ 5,779,814
SPDR Gold Mini Shares Trust [Member]
Investments, fair value	6,362,991	5,779,814
Fair Value, Inputs, Level 1 [Member]
Investments, fair value	6,362,991	5,779,814
Fair Value, Inputs, Level 1 [Member] | SPDR Gold Mini Shares Trust [Member]
Investments, fair value	6,362,991	5,779,814
Fair Value, Inputs, Level 2 [Member]
Investments, fair value	0	0
Fair Value, Inputs, Level 2 [Member] | SPDR Gold Mini Shares Trust [Member]
Investments, fair value	0	0
Fair Value, Inputs, Level 3 [Member]
Investments, fair value	0	0
Fair Value, Inputs, Level 3 [Member] | SPDR Gold Mini Shares Trust [Member]
Investments, fair value	0	0
Investment in Gold [Member] | Fair Value, Inputs, Level 1 [Member]
Investments, fair value	6,362,991	5,779,814
Investment in Gold [Member] | Fair Value, Inputs, Level 1 [Member] | SPDR Gold Mini Shares Trust [Member]
Investments, fair value	6,362,991	5,779,814
Investment in Gold [Member] | Fair Value, Inputs, Level 2 [Member]
Investments, fair value	0	0
Investment in Gold [Member] | Fair Value, Inputs, Level 2 [Member] | SPDR Gold Mini Shares Trust [Member]
Investments, fair value	0	0
Investment in Gold [Member] | Fair Value, Inputs, Level 3 [Member]
Investments, fair value	0	0
Investment in Gold [Member] | Fair Value, Inputs, Level 3 [Member] | SPDR Gold Mini Shares Trust [Member]
Investments, fair value	$ 0	$ 0

v3.24.0.1

Note 2 - Significant Accounting Policies - Gold Receivable and Payable (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Sep. 30, 2023
Gold receivable	$ 0	$ 0
Gold payable	0	14,867
SPDR Gold Mini Shares Trust [Member]
Gold receivable	0	0
Gold payable	$ 0	$ 14,867

v3.24.0.1

Note 2 - Significant Accounting Policies - Activity in Number and Value of Shares Created and Redeemed (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Activity in Number of Shares Created and Redeemed:
Stock Issued During Period, Shares, New Issues	6,900,000	14,300,000
Redemptions	(6,700,000)	(10,900,000)
Net Change in Number of Shares Created and Redeemed	200,000	3,400,000
Activity in Value of Shares Created and Redeemed:
Creations	$ 271,189	$ 488,680
Redemptions	(255,238)	(377,573)
Net change in Value of Shares Created and Redeemed	$ 15,951	$ 111,107
SPDR Gold Mini Shares Trust [Member]
Activity in Number of Shares Created and Redeemed:
Stock Issued During Period, Shares, New Issues	6,900,000	14,300,000
Redemptions	(6,700,000)	(10,900,000)
Net Change in Number of Shares Created and Redeemed	200,000	3,400,000
Activity in Value of Shares Created and Redeemed:
Creations	$ 271,189	$ 488,680
Redemptions	(255,238)	(377,573)
Net change in Value of Shares Created and Redeemed	$ 15,951	$ 111,107

v3.24.0.1

Note 3 - Related Parties - Sponsor (Details Textual)		3 Months Ended	5 Months Ended	22 Months Ended
	Feb. 23, 2022	Dec. 31, 2023 USD ($)	Feb. 22, 2022	Dec. 31, 2023
Maximum [Member]
Legal Fees		$ 100,000
SPDR Gold Mini Shares Trust [Member] | Maximum [Member]
Legal Fees		$ 100,000
Sponsor [Member]
Percentage of Net Asset Value, Operating Expenses Annual Fee		0.10%	0.18%	0.10%
Stockholders' equity, reverse stock split				one-for-two reverse stock split of the Shares which now represent 1/50th of an ounce of gold.
Sponsor [Member] | Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	2
Sponsor [Member] | SPDR Gold Mini Shares Trust [Member]
Percentage of Net Asset Value, Operating Expenses Annual Fee		0.10%	0.18%	0.10%
Stockholders' equity, reverse stock split				one-for-two reverse stock split of the Shares which now represent 1/50th of an ounce of gold.
Sponsor [Member] | SPDR Gold Mini Shares Trust [Member] | Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	2

v3.24.0.1

Note 4 - GLDM Expenses (Details Textual) - Sponsor [Member]	3 Months Ended	5 Months Ended	22 Months Ended
	Dec. 31, 2023	Feb. 22, 2022	Dec. 31, 2023
Percentage of Net Asset Value, Operating Expenses Annual Fee	0.10%	0.18%	0.10%
SPDR Gold Mini Shares Trust [Member]
Percentage of Net Asset Value, Operating Expenses Annual Fee	0.10%	0.18%	0.10%

v3.24.0.1

Note 7 - Financial Highlights - Summary of Financial Highlights (Details) - $ / shares		3 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Net Asset Value
Net Asset Value per Share, beginning of period		$ 37.11	$ 33.2
Net Investment income/(loss) (in dollars per share)		(0.01)	(0.01)
Net Realized and Change in Unrealized Gain/(Loss)		3.8	2.79
Net Income/(Loss)		3.79	2.78
Net Asset Value per Share, end of period		40.9	35.98
Market Value per Share, beginning of period		36.66	32.98
Market Value per Share, end of period		$ 40.91	$ 36.19
Ratio to average net assets
Net investment loss	[1]	(0.10%)	0.10%
Gross expenses	[1]	0.10%	0.10%
Net expenses	[1]	0.10%	0.10%
Total Return, at Net Asset Value(2)	[2]	10.21%	8.37%
Total Return, at market value	[2]	11.59%	9.73%
SPDR Gold Mini Shares Trust [Member]
Net Asset Value
Net Asset Value per Share, beginning of period		$ 37.11	$ 33.2
Net Investment income/(loss) (in dollars per share)		(0.01)	(0.01)
Net Realized and Change in Unrealized Gain/(Loss)		3.8	2.79
Net Income/(Loss)		3.79	2.78
Net Asset Value per Share, end of period		40.9	35.98
Market Value per Share, beginning of period		36.66	32.98
Market Value per Share, end of period		$ 40.91	$ 36.19
Ratio to average net assets
Net investment loss	[1]	(0.10%)	0.10%
Gross expenses	[1]	0.10%	0.10%
Net expenses	[1]	0.10%	0.10%
Total Return, at Net Asset Value(2)	[2]	10.21%	8.37%
Total Return, at market value	[2]	11.59%	9.73%
[1] Percentages are annualized. [2] Percentages are not annualized.

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