[–] goatsandbros ago
instead investing in financial assets that are easily tradable and that have deep markets of buyers and sellers.
Are they actually retarded?
[–] CanadianAndProud ago
Canada is such a fucked up country right now that this doesn’t surprise me one bit
[–] leonard-skinner ago
I agree and it will only get worse coming into the federal election this fall. The Lieberals have to know they are in deep shit and are going to get ousted in a landslide (barring voter fraud)and my opinion is they will go into scorched earth mode in the remaining months before the election. I believe this is part of it. It wouldn't surprise me to learn that the vast majority of this gold is being bought up by lieberals with inside knowledge they were going to do a sell-off.
[–] CrustyBeaver52 0 points 1 point 1 point (+1|-0) ago
Canada is one of the world's largest producers of gold. There's gold all over the place. This is not the first time Canada has sold off the gold reserves. It's okay, they'll make more of it.
If they are doing it again now, it is probably because the government is a little low on funds, which would not be surprising given the mess Trudeau is making of the economy. The current government doesn't know how to run the economy. Hopefully they will be gone soon.
[–] zit 0 points 1 point 1 point (+1|-0) ago (edited ago)
The types of Maple leaf coins canada's Royal Canadian Mint prefers to sell are 99.999%!
99.999% is created using lots of electricity and transferring atoms of gold one at a time in an electroplate bath.
It is very uncommon and very canadian.
https://en.wikipedia.org/wiki/Canadian_Gold_Maple_Leaf
Fort knox gold is 90% gold (not 99%, 90% because it is made of siezed gold dollars which are 10% (about) silver).
US gold coins are only 91.67% gold in 2018, but they give you enough gold in the coin to match a canadian coin (larger).
Canadian gold is perversely insanely PURE GOLD the likes of which is unheard of in international gold trade.
[–] rockyracoon74 0 points 1 point 1 point (+1|-0) ago
Why are you mixing dollars, ounces, bars etc? Why not show ounces of gold?
[–] AlternateSelection 0 points 1 point 1 point (+1|-0) ago
Don't let the monopoly money collapse just yet. Gimme time to stack some more silver!
[–] survey_girl ago
D'oh Canada!