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Canada (Ottawa) Sells Off Almost All It's Gold Reserves

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SilverDon's Avatar
Canada
2360 Posts
 Posted 03/04/2016  5:00 pm Show Profile   Bookmark this topic Add SilverDon to your friends list Get a Link to this Message Number of Subscribers
Ottawa sells off almost all its gold reserves, leaving just 77 ounces — or less

http://www.cbc.ca/news/business/gol...es-1.3475818

Storage costs and little return on investment cited as the reasons.
Wonder if the remaining 77 ounces are Maple Leaf, 1 ounce coins.
Kind of strange when the big guys (Russia, India and China) are
hoarding gold now.

Edited by SilverDon
03/05/2016 08:23 am
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BuckeyeCoinGuy's Avatar
United States
711 Posts
 Posted 03/04/2016  5:20 pm  Show Profile   Bookmark this reply Add BuckeyeCoinGuy to your friends list Get a Link to this Reply
I am nowhere near 77 ounces of gold, but it is crazy to think that it is possible that someday I will have more gold above ground than the government of Canada.

Fortunately Canada has large gold reserves in ground still, me, not so much.
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bobby131313's Avatar
United States
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 Posted 03/04/2016  5:35 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply
Already being discussed....

https://goccf.com/t/233874

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bobby131313's Avatar
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 Posted 03/05/2016  08:05 am  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply
Sorry, that is not the same, jumped the gun a bit.
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SilverDon's Avatar
Canada
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 Posted 03/05/2016  08:19 am  Show Profile   Bookmark this reply Add SilverDon to your friends list Get a Link to this Reply
Thanks Bobby. All good, topic is in the proper forum now.

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 Posted 03/11/2016  3:31 pm  Show Profile   Bookmark this reply Add yup7676 to your friends list Get a Link to this Reply
so was this the "maple leaf bottom" then for prices? lol
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