Eyes on Gold

[AlbertaFarmer5]

I don't see any logic in that statement?
Your saying governments over the yrs used the gold they squandered to keep our deficit down?
You were just trolling me on that one?

I probably explained that poorly while I was bouncing around on the cat earlier. Please correct me if I misunderstand how the Bank of Canada reserves work.

The original gold reserves would have been worth over $200 billion as of today. Instead the Bank of Canada has negative net assets.

As of the most recent weekly statement (December 24, 2025), equity was -8,508 million CAD (i.e., an accumulated deficiency of approximately $8.5 billion CAD), with total assets of $251,446 million CAD.

If the proceeds from the sale of the gold reserves were supposed to be reinvested into other more productive assets, where do those show up on the balance sheet?

As far as I understand, those funds could not have been directly squandered by successive governments, or could they be?

And I side with wheatking on this one, nearly any other investment would have done better over the same period of time.

As far as I can tell we now don't have gold, don't have any other investment, and don't have any infrastructure etc to show for it.