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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Eashoa' M'sheekha who wrote (50029)	3/5/2000 1:43:00 AM
From: goldsheet	Read Replies (1) \| Respond to of 116898

> Canada has sold it's reserves over a period of YEARS through careful dishoarding I find it most useful to have the exact numbers for the last 30 years: It took Canada from 1970 to 1985 (15 years) to drop from 21.95moz to 20.11moz (under 125,000 ounces per year, a 9% overall drop in reserves) From 1986 to 1991 (5 years), they dropped from 20.11moz to 13.00moz (over 1.3 Moz per year, a 35% overall drop in reserves) Then in the next three years the "careful dishoarding" REALLY began, when they dropped from 13.0moz to 3.9moz (over 3 million ounces per year, a 70% overall drop in reserves) It's probably a good thing they didn't recklessly dump ALL 13moz million ounces instead of ONLY carefully dishoarding 9.1moz in three years ;) They have drifted down from 3.9moz to the current 1.55moz, which Canada could dump on the market and no one would notice.