🇨🇦 CANADA SOLD ALL ITS GOLD — HISTORY LESSON
1965: Canada held 1,023 tonnes of gold (~$149B today)
Today: ZERO gold reserves — only G7 country with none
Replaced gold with foreign bonds and paper assets over decades
🔍 Context
USA: ~8,133 tonnes | Germany: ~3,352 tonnes
Decision spanned multiple governments, all believing gold was unnecessary in a modern financial system
🌍 Fast Forward to Today
Inflation fears rising
Geopolitical tensions increasing
Central banks are buying gold again
Crypto enters the store-of-value debate
🧠 Question Was selling all that gold a smart modernization move… or a historic mistake? 🤔
#Gold #Canada #Macro #Markets #Crypto
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