Carney has a problem though. Before he changes his mind he'll need to rustle up some more gold.

from Reuters ,Jan.6,2002:

Canada has been selling gold from foreign reserves since 1980, investing the proceeds in bonds and foreign-currency securities that yield a return which "far exceeds the return that the government gets on gold," ( I'd like to see the math on this one,hahah) the official said.

Finance ministry figures released on Monday showed that the government sold 83,399 ounces of gold in December, leaving its holdings at about 599,000 ounces. That is down from some 21 million ounces in 1980 before the gold sales started.

Currently according to Wikipedia as of Dec.2010, Canada stands 79th (3.4 tonnes) in gold reserves. Right between Mauritius and Tajikistan.

http://en.wikipedia.org/wiki/Gold_reserve

Someone said "It is what it is." to which you could add "It all works 'til it doesn't."