The best reason I can think for this is to fight off their annexation by the United States. Or maybe this was a pre-condition set by their likely incoming Prime Minister, Mark Carney.
Canada is poorly governed and managed. That also includes our Central Bankers who are trying to drive the Canadian economy forward by looking into the review mirror, never once thinking to look forward at the changing road coming up. Let me guess.... we've sold off our gold holding and invested in mostly US Treasuries. Yes, we are very poorly governed and managed, indeed.
Canada has plenty more gold in storage underground. If it needed gold, it would have only to requisition that. I expect that is the rationale, however irrational, behind its politicians’ decision.
Is this propaganda? Gold “…hasn’t delivered a good rate of return over time…”!? And instead Canada will invest “…in financial assets that are easily tradable and that have deep markets of buyers and sellers.” So gold doesn’t have this?! 🤔
Ray Dalio: “If You Don’t Own Gold, You Know Neither History Nor Economics”
It isn’t any more complicated than that.
💯
Not so say the wisdom of Canada's Central Bankers..... sigh. We are very poorly governed.
The best reason I can think for this is to fight off their annexation by the United States. Or maybe this was a pre-condition set by their likely incoming Prime Minister, Mark Carney.
Canada is poorly governed and managed. That also includes our Central Bankers who are trying to drive the Canadian economy forward by looking into the review mirror, never once thinking to look forward at the changing road coming up. Let me guess.... we've sold off our gold holding and invested in mostly US Treasuries. Yes, we are very poorly governed and managed, indeed.
This is very bad news for Canadian people.
Agreed!
Canada has plenty more gold in storage underground. If it needed gold, it would have only to requisition that. I expect that is the rationale, however irrational, behind its politicians’ decision.
No worry they will no doubt just steal it from the citizens and nationalise the mines
Meanwhile, every other central bank in the world has been adding to their gold holdings.
Did they hold a public Auktion of public property..
NO
They sold it to ?, their Chums...just like Londons brown bottom = scammed the people.
? Who bought the gold...no comment...top secret
Is this propaganda? Gold “…hasn’t delivered a good rate of return over time…”!? And instead Canada will invest “…in financial assets that are easily tradable and that have deep markets of buyers and sellers.” So gold doesn’t have this?! 🤔