Company: GLDW
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001437749-25-015076
Chunk: 13

Company: World Gold Trust
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 13
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 2025 (cost —$9,163,702,981).

At September 30, 2024, the amount of gold owned by GLDM and held by the Custodians was 3,483,344.7 ounces, 100% of which is allocated gold in the form of London Good Delivery gold bars with a market value of $9,161,022,521.0 based on the LBMA Gold Price PM on September 30, 2024 (cost — $6,671,767,835).

Cash Resources and Liquidity 

At March 31, 2025, 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.

      20

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 March 31, 2025.

Daily Gold Price - June 26, 2018 to March 31, 2025

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 March 31, 2025, based on the LBMA Gold Price PM, were:

      Last 

      End of 

      business 

      Period 
      
      Average 

      High 

      Date 

      Low 

      Date 

      period 

      day (1) 

      Three months ended June 30, 2022 
      
     $
     1,870.58

     $
     1,976.75

      Apr 13, 2022 

     $