What changed in this filing

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Item 1. Financial Statements

2021-09-09 compared with 2021-06-07 · 43 added, 34 removed, 328 unchanged (19% of the section changed)

26 unchanged sentences

of Operations

Three Months Ended

For the Three Months

Sponsor’s fees

12 unchanged sentences

of Changes in Net Assets

Three Months Ended

For the Three Months

Net assets, beginning of period

1 unchanged sentence

$ 253,914,693

$ 442,483,105

$ 198,479,743

( 7,884,284 )

( 22,632,682 )

( 8,395,434 )

( 22,793,632 )

Net investment loss

5 unchanged sentences

$ 369,590,556

$ 502,216,306

$ 369,590,556

notes to unaudited financial statements.

1 unchanged sentence

Share Performance (for a share outstanding throughout each period)

Three Months Ended

Net asset value per share, beginning of period

6 unchanged sentences

Net investment loss

Calculated using average

shares outstanding

Not annualized

(a) Calculated using average shares outstanding

(b) Not annualized

notes to unaudited financial statements.

16 unchanged sentences

$ 442,483,105

Amount is less than

(a) Amount is less than 0.005%

notes to unaudited financial statements.

35 unchanged sentences

operations, as presented, have been made.

The following is a summary of significant accounting policies followed by the Trust.

following is a summary of significant accounting policies followed by the Trust.

Valuation of Gold

10 unchanged sentences

account and, from time to time, cash, which is used to pay expenses.

VanEck Merk Gold Trust

Notes to Unaudited Financial

following table summarizes the inputs used as of April 30, 2021 in determining the Trust’s investments at fair value for purposes

Merk Gold Trust

to Unaudited Financial Statements

following table summarizes the inputs used as of July 31, 2021 in determining the Trust’s investments at fair value for purposes

Investment in gold

39 unchanged sentences

not reverse this trend.

Merk Gold Trust

to Unaudited Financial Statements

Creations and Redemptions of Shares

3 unchanged sentences

may also take delivery of physical gold in exchange for their shares (“Delivery Applicants”).

VanEck Merk Gold Trust

Notes to Unaudited Financial

Trust issues and redeems Baskets only to Authorized Participants.

35 unchanged sentences

in the order approved.

in the shares for the three-month period ended April 30, 2021 are as follows:

in the shares for the six-month period ended July 31, 2021 are as follows:

Shares, beginning of period at February 1, 2021

2 unchanged sentences

Shares redeemed

Shares, end of period at April 30, 2021

( 8,395,434 )

Shares, end of period at July 31, 2021

$ 440,421,312

Merk Gold Trust

to Unaudited Financial Statements

in the shares for the year ended January 31, 2021 are as follows:

7 unchanged sentences

$ 370,737,948

VanEck Merk Gold Trust

Notes to Unaudited Financial

Trust is treated as a “grantor trust” for U.S.

5 unchanged sentences

Sponsor has evaluated whether or not there are uncertain tax positions that require financial statement recognition and has determined

that no reserves for uncertain tax positions are required as of April 30, 2021.

that no reserves for uncertain tax positions are required as of July 31, 2021.

Revenue Recognition Policy

1 unchanged sentence

INVESTMENT IN GOLD

following represents the changes in Ounces of gold and the respective fair value at April 30, 2021:

following represents the changes in Ounces of gold and the respective fair value at July 31, 2021:

Beginning balance as of February 1, 2021

2 unchanged sentences

Gold bullion distributed

( 8,395,429 )

Realized gain (loss) from gold distributed from in-kind

1 unchanged sentence

( 10,287,844 )

Ending balance as of April 30, 2021

Ending balance as of July 31, 2021

$ 502,216,316

29 unchanged sentences

and up to $ 100,000 per annum in legal expenses.

VanEck Merk Gold Trust

Notes to Unaudited Financial

Merk Gold Trust

to Unaudited Financial Statements

of the Trustee, as well as affiliates of the Custodian may from time to time act as Authorized Participants to purchase or sell gold

or shares for their own account, as agent for their customers and for accounts over which they exercise investment discretion.

October 22, 2015, the Sponsor, for the benefit of the Trust, entered into a Marketing Agent Agreement (the “Marketing Agreement”)

with Van Eck Securities Corporation (“VanEck” or “Marketing Agent”).

Pursuant to the Marketing Agreement, VanEck

provides assistance in the marketing of the shares.

The obligations created by the Marketing Agreement are obligations of the Sponsor

of the Trust and any fees payable under the Marketing Agreement to VanEck are payable from the Sponsor’s fee (as calculated and

defined in the Trust Agreement).

The Trust will not incur additional financial or other performance obligations pursuant to the Marketing

October 22, 2015, the Sponsor, for the benefit of the Trust, entered into a Marketing Agent Agreement (as amended to date, the “Marketing

Agreement”) with Van Eck Securities Corporation (“VanEck” or “Marketing Agent”).

Pursuant to the Marketing

Agreement, VanEck provides assistance in the marketing of the shares.

The obligations created by the Marketing Agreement are obligations

of the Sponsor of the Trust and any fees payable under the Marketing Agreement to VanEck are payable from the Sponsor’s fee (as

calculated and defined in the Trust Agreement).

The Trust will not incur additional financial or other performance obligations pursuant

to the Marketing Agreement.

SHAREHOLDER OWNERSHIP

Hard Currency Fund owned a market value of $ 1,055,586 ( 61,300 shares) which equates to 0.24 % ownership in the Trust as of April 30, 2021.

Hard Currency Fund owned a market value of $ 1,081,945 ( 61,300 shares) which equates to 0.22 % ownership in the Trust as of July 31, 2021.

CONCENTRATION OF RISK

50 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements