I have written many letters over the last 17 years about the Canadian governments stupid position on selling our gold and not holding gold as a reserve asset while we drown in US dollars for reserves, simply crazy for a gold producing nation. This has included multiple letter to Paul Martin, Jean Chretien, Steven Harper, Jim Falherty, John Carney to name a few.

The long ago rumours were that we were forced to sell our gold for the Free Trade and subsequent NAFTA treaties, a condition of those agreements going through. I suspect there is certainly some truth in these rumours as why else would we be so stupid as to sell out gold. It's likely we ahev simply been a pawn in the game of gold much like the Germans who can't even get their gold back from the US nor even see it at the FED.

When you are dealing with the ultimate issue for the US governement and the TPTB which is the sustainability of the US dollar as the reserve currency of world, everything is fair game. It's never about the oil, it's always and at all times about the dollar.