[–] 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.
[–] robertdebruce ago (edited ago)
If your going to buy either, gold or silver, please consider this,,,,Coins are not a good investment, the reason why is, they are an emotional buy, they're pretty and they have nice printing on them, they also, cost more. If you are buying ask and compare the price of what used to be called a Miner's Bar, now referred to as a Prospector Bar. Same gold or silver content as the coins, spot price+ It may save you some money.AND Don't buy Gold Certificates, I heard the companies are selling Certificates with out the physical gold to back it up. You should have physical possession of your gold or silver. No Storage with the company that sold it to you. Just some thoughts. not connected to the metals industries, just from previous experience. BTW NO Futures Contracts.......
[–] 24Trilionbucks 0 points 1 point 1 point (+1|-0) ago
It is good to own both. I prefer Eagles because they are legal tender coinage with a fixed one dollar value and recognized anywhere. Bars are easily counterfeited and there is adulterated silver being bought and sold. With an Eagle, you don’t need an assay.
[–] leonard-skinner ago
That's Justin. Besides legalizing weed (which is a shit-show) everything he promised during the last election he has done the opposite. Just look at how many times he crowed about his support for the middle-class in campaign speeches and commercials and compare that to his policies once in power. The first thing he did was get rid of tax breaks for middle-class families and it just goes on from there. He's the king of opposites. The thing is, he's just a puppet, a name the Lieberals needed to win the election. He's not smart enough to run a lemonade stand.
[–] robertdebruce ago
Big guys are China, Russia, maybe US. Large gold and silver veins in Nevada and Wyoming. US owns most of the land. Funny thing is the old KEYSTONE mine in Nevada,(Sound familiar?) has been opened up bought by US GOLD Not advertising for them. they sell paper. Bad.... But they have maps on their site of a few areas of Gold, Most of the land is own by US. and they thru BLM issue mining claims . I thought for a while that the "keystone" mentioned by Q was the gold located in this area. Maps I'm not associated with them in any way. I have no interest and this is only to provide info. I would not buy this. It's just paper.
[–] 24Trilionbucks ago
Actually, there are no silver veins. Silver is a byproduct metal from Zinc, tin, and lead mines.
[–] 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?
[–] buildingbetter ago
Hope all anti globalist Canadiens have been buying PM for themselves. Canada is screwed. BTW, going cashless removes all freedom. If all your money is digital, it can be stolen, tracked, and taxed more thoroughly. Say no to a digital currency only system.