canada's reserves

  1. 1,544 Posts.
    I'm trying a new cutnpaste technique here;

    Based on the numbers reported in the Reuters Article, Canada's gold holdings now total 300,000 oz.
    At US$350/oz, that stockpile is worth US$105 million. Total foreign reserve holdings amounted to US$36.7 billion.
    Elementary math skills reveal that gold accounts for 0.29% of the country's reserves. Virtually nothing.


    Anyone still want to hold Canadian dollars?


    Can't imagine we're any better off here.

 
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