🇨🇦 Canada Sold ALL Its Gold — And Most People Don’t Even Realize It 😳
Here’s a wild piece of financial history most people miss.
Back in 1965, Canada held 1,023 tonnes of gold — worth around $149B today.
Fast-forward a few decades… every single ounce was sold.
Canada slowly replaced physical gold with foreign bonds, liquidity, and paper assets, becoming the ONLY G7 country with ZERO gold reserves 🤯
Meanwhile 👇
🇺🇸 USA: ~8,133 tonnes
🇩🇪 Germany: ~3,352 tonnes
Very different strategies.
This wasn’t a one-time decision. It happened over multiple governments and central bank leaders — Trudeau, Mulroney, Crow, Thiessen — all sharing one belief:
Gold was no longer necessary in a modern financial system.
Now fast-forward to today 👀
• Inflation fears
• Geopolitical tension
• Central banks buying gold again
• Crypto entering the “store of value” debate
And people are asking the obvious question:
Was selling all that gold actually a smart move? 🤔
And even more interesting…
Will Canada ever rethink its gold strategy? ⏳
History has a funny way of coming back into focus.