on a trade date basis as the difference between the fair value and cost of gold transferred. December 31, 2021 December 31, 2020 December 31, 2019 (Amounts in 000’s of US$) Investment in gold - cost $ 2,033,883 $ 2,135,209 $ 1,011,343 Unrealized gain on investment in gold 357,695 517,682 181,808 Investment in gold- fair value $ 2,391,578 $ 2,652,891 $ 1,193,151 Inspection of Gold Under the Custody Agreements, the Trustee, the Sponsor and the