What changed in this filing

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Item 8. Financial Statements and Supplementary Data

2024-03-29 compared with 2023-04-13 · 30 added, 52 removed, 37 unchanged (69% of the section changed)

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.

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.

VanEck Merk Gold Trust

1 unchanged sentence

For the year ended January 31, 2024

Three Months ended

Sponsor’s fees

2 unchanged sentences

Net Realized and Unrealized Gain (Loss)

Net realized gain (loss) from gold bullion distributed

for redemptions

Net change in unrealized appreciation (depreciation) on

investment in gold bullion

(58,157,458 )

(40,058,528 )

Net realized and unrealized gain (loss)

from operations

(56,892,184 )

(40,199,777 )

Net Increase (Decrease) in Net Assets

resulting from operations

$ (57,298,926 )

Net realized gain (loss) from gold bullion distributed for redemptions

Net change in unrealized appreciation (depreciation) on investment in gold bullion

Net realized and unrealized gain (loss) from operations

Net Increase (Decrease) in Net Assets resulting from operations

$ (4,946,765 )

2 unchanged sentences

For the year ended January 31, 2023

Three Months ended

Sponsor’s fees

2 unchanged sentences

Net Realized and Unrealized Gain (Loss)

Net realized gain (loss) from gold bullion distributed

for redemptions

Net change in unrealized appreciation (depreciation) on

investment in gold bullion

(23,610,080 )

(15,451,298 )

(18,669,013 )

Net realized and unrealized gain (loss)

from operations

Net realized gain (loss) from gold bullion distributed for redemptions

Net change in unrealized appreciation (depreciation) on investment in gold bullion

(58,157,458 )

(40,058,528 )

Net realized and unrealized gain (loss) from operations

(56,892,184 )

Net Increase (Decrease) in Net Assets

resulting from operations

(40,199,777 )

Net Increase (Decrease) in Net Assets resulting from operations

$ (57,298,926 )

$ (40,580,678 )

Changes in and Disagreements with

Accountants on Accounting and Financial Disclosure

Changes in and Disagreements with Accountants

on Accounting and Financial Disclosure

Effective March 6, 2023, BBD LLP (“BBD”)

10 unchanged sentences

and BBD on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements,

if not resolved to the satisfaction of BBD, would have caused it to make reference to the subject matter of the disagreements in its

report on the financial statements of the Trust for such years or interim period;

and (ii) there were no “reportable events,”

as defined in Item 304(a)(1)(v) of Regulation S-K under the Securities Exchange Act of 1934, as amended.

The registrant requested that BBD furnish it

with a letter addressed to the U.S.

if not resolved to the satisfaction of BBD, would have caused it to make reference to the subject matter of the disagreements in its report

on the financial statements of the Trust for such years or interim period;

and (ii) there were no “reportable events,” as

defined in Item 304(a)(1)(v) of Regulation S-K under the Securities Exchange Act of 1934, as amended.

The registrant requested that BBD furnish it with

a letter addressed to the U.S.

Securities and Exchange Commission stating that it agrees with the above statements.

A copy of such

letter is filed as an exhibit to Form 8-K, filed with the Securities and Exchange Commission on March 10, 2023.

Effective March 8, 2023, Merk, as Sponsor of

the Trust, also recommended and approved the appointment of Cohen as the Trust’s independent registered public accounting firm

for the fiscal year ending January 31, 2023.

A copy of such letter

is filed as an exhibit to Form 8-K, filed with the Securities and Exchange Commission on March 10, 2023.

Effective March 8, 2023, Merk, as Sponsor of the

Trust, also recommended and approved the appointment of Cohen as the Trust’s independent registered public accounting firm for the

fiscal year ending January 31, 2023.

During the fiscal years ended January 31, 2023

and 2022, and during the subsequent interim period through March 8, 2023, neither the registrant, nor anyone acting on its behalf, consulted

with Cohen on behalf of the Trust regarding the application of accounting principles to a specified transaction (either completed or

proposed), the type of audit opinion that might be rendered on the Trust’s financial statements, or any matter that was either:

(i) the subject of a “disagreement,” as defined in Item 304(a)(1)(iv) of Regulation S-K and the instructions thereto;

“reportable events,” as defined in Item 304(a)(1)(v) of Regulation S-K.

with Cohen on behalf of the Trust regarding the application of accounting principles to a specified transaction (either completed or proposed),

the type of audit opinion that might be rendered on the Trust’s financial statements, or any matter that was either:

(i) the subject

of a “disagreement,” as defined in Item 304(a)(1)(iv) of Regulation S-K and the instructions thereto;

or (ii) “reportable

events,” as defined in Item 304(a)(1)(v) of Regulation S-K.

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-K

Item 8. Financial Statements and Supplementary Data