VanEck Merk Gold Trust
For the period ended Jan 31, 2024. Filed Mar 29, 2024.
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FY2024 · Filed Mar 29, 2024
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Item 8. Financial Statements and Supplementary Data
Item 8. Financial Statements
The audited financial statements required by Regulation S-X, with the report of the Trust’s independent registered public accounting firm, appear on pages F-1 to F-14 of this Report and are incorporated in this Item 8 by reference to such information.
Quarterly Statements of Operations
For the year ended January 31, 2024
| (unaudited) | |||||
|---|---|---|---|---|---|
| Three Months ended April 30, 2023 | Three Months ended July 31, 2023 | Three Months ended October 31, 2023 | Three Months ended January 31, 2024 | Year ended January 31, 2024 | |
| EXPENSES | |||||
| Sponsor’s fees | $409,800 | $458,754 | $451,271 | $479,055 | $1,798,880 |
| Total expenses | 409,800 | 458,754 | 451,271 | 479,055 | 1,798,880 |
| Net Investment loss | (409,800) | (458,754) | (451,271) | (479,055) | (1,798,880) |
| Net Realized and Unrealized Gain (Loss) | |||||
| Net realized gain (loss) from gold bullion distributed for redemptions | 609,442 | - | 935,883 | 1,854,150 | 3,399,475 |
| Net change in unrealized appreciation (depreciation) on investment in gold bullion | 19,860,745 | (4,488,011) | 3,903,440 | 17,022,316 | 36,298,490 |
| Net realized and unrealized gain (loss) from operations | 20,470,187 | (4,488,011) | 4,839,323 | 18,876,466 | 39,697,965 |
| Net Increase (Decrease) in Net Assets resulting from operations | $20,060,387 | $(4,946,765) | $4,388,052 | $18,397,411 | $37,899,085 |
Quarterly Statements of Operations
For the year ended January 31, 2023
| (unaudited) | |||||
|---|---|---|---|---|---|
| Three Months ended April 30, 2022 | Three Months ended July 31, 2022 | Three Months ended October 31, 2022 | Three Months ended January 31, 2023 | Year ended January 31, 2023 | |
| EXPENSES | |||||
| Sponsor’s fees | $396,568 | $406,742 | $380,901 | $373,583 | $1,557,794 |
| Total expenses | 396,568 | 406,742 | 380,901 | 373,583 | 1,557,794 |
| Net Investment loss | (396,568) | (406,742) | (380,901) | (373,583) | (1,557,794) |
| Net Realized and Unrealized Gain (Loss) | |||||
| Net realized gain (loss) from gold bullion distributed for redemptions | 54,381 | 1,265,274 | (141,249) | - | 1,178,406 |
| Net change in unrealized appreciation (depreciation) on investment in gold bullion | 36,734,729 | (58,157,458) | (40,058,528) | 93,474,908 | 31,993,651 |
| Net realized and unrealized gain (loss) from operations | 36,789,110 | (56,892,184) | (40,199,777) | 93,474,908 | 33,172,057 |
| Net Increase (Decrease) in Net Assets resulting from operations | $36,392,542 | $(57,298,926) | $(40,580,678) | $93,101,325 | $31,614,263 |
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