Canada has been selling off most of its remaining gold reserves to the general public. They have been selling gold coins and reaping better prices than dumping 400-ounce bars to bankers. The figures from the Bank of Canada and Finance Department show that the country held 77 ounces at the end of February. They sold over 21,000 coins in February. Through most of 2015, the country’s gold reserves stood at more than $100 million. US. Finance Department figures show that Canada sold 41,106 ounces of gold coins in December and another 32,860 ounces of gold coins in January.
That left Canada holding 21,929 ounces of gold in its reserves as of the end of January, and as mentioned, all that is left now is 77 ounces after February. The official statement was:
“The decision to sell the gold was not tied to a specific gold price, and sales are being conducted over a long period and in a controlled manner.”
“The government has a long-standing policy of diversifying its portfolio by selling physical commodities (such as gold) and instead investing in financial assets that are easily tradable and that have deep markets of buyers and sellers.”
Behind the curtain, governments do realize that eventually they must move to a cashless society in order to retain power. This is fueling the debate behind closed doors on how to address the monetary system. As we hear about MMT on this side of the curtain, behind it there’s a question as to whether money really needs the banking of this “barbaric relic” of the past, as John Maynard Keynes once called gold coins, and many are starting to regard him as right after all. Of course, this is self-serving, for they have really screwed up the finances of all governments on this journey down Socialist Lane.
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[–] kydeplorable 0 points 14 points 14 points (+14|-0) ago
to damn funny considering the globe is moving to a gold based currency system.
[–] SCRoadTrip 0 points 8 points 8 points (+8|-0) ago
Looks like they will be taking refuge inside the USA long before expected.
[–] [deleted] 2 points 5 points 7 points (+7|-2) ago
[–] singlebrain1 0 points 4 points 4 points (+4|-0) ago
We could trade. Skilled English speaking hard working Canadians of European descent come here. Unskilled non English speakers that rely on welfare go to Canada.
[–] Zadim 0 points 8 points 8 points (+8|-0) ago
justin castro-trudeau prefers national assets based on feelings of togetherness; diversifying the national portfolio into more compassion, more inclusivity and the feeling of global oneness.
[–] Kahlypso79 0 points 5 points 5 points (+5|-0) ago
You're missing an important part to the puzzle.. https://www.cbc.ca/news/canada/ottawa/fake-gold-wafer-rbc-canadian-mint-1.4368801 :)
[–] Zadim 0 points 1 point 1 point (+1|-0) ago
I read about that but thought it was an isolated case
[–] Kahlypso79 ago
too late now to respond correctly.... Even if it were an isolated case.. it was mint stamped :) into tungsten....
[–] zit ago
:Last November, 35-year-old Leston Lawrence was found guilty of smuggling $190,000 worth of gold pucks, each the size of a small muffin, in his rectum over several months.
That article REFUSED to mention the canadian mint employee that stole 190,000 of gold up his ass ...
WAS A NIGGER DIVERSITY HIRE !
Never , ever, hire nigger diversity hires around gold or jewels.
[–] goatboy 0 points 3 points 3 points (+3|-0) ago (edited ago)
...so, let chaos reign I guess.
The queen chose to kill off Canucks, Aussies, and Eurofags for the easier to control inbred medi-tards and superstitious Bantu slaves.
[–] user17 1 point 3 points 4 points (+4|-1) ago
awesome how they left some satanic freemasonic numerology behind for us to find and analyze.. Just 77 ounces left.. 77? Where do we know that number from? Isn't 77 the flight number of the "plane" that hit the Pentagon on 9/11? The more you know.
[–] brandnewset 0 points 2 points 2 points (+2|-0) ago
This started in 1991. UK also dumped half it's gold pre 911
Lots of info on qresearch Canada thread. On mobile or would link.
[–] DawnPendraig 0 points 5 points 5 points (+5|-0) ago
Dumped it into the Queen's vaults I am sure
[–] grace8 0 points 1 point 1 point (+1|-0) ago
Is this an indication that Trump's efforts to freeze the deep states assets are putting pressure on them to bleed their allies. Did the DS order this sell off? Have the normal rogue country sources dried up? Does that mean the NoKo gold mines are no longer in their control?
[–] Zadim ago
Bush Bank of Paraguay
[–] RaptorJesus 0 points 1 point 1 point (+1|-0) ago
Western nations are selling their gold while China is gobbling up gold and silver.
Really activates my almonds.
[–] brandnewset ago
IT really does. Something fishy here, have not been able to get to the bottom of it yet.
[–] ADaniels 0 points 1 point 1 point (+1|-0) ago
lol uk dumped half its gold pre-911? gold went from $250 to $2000 following the twin tiwer collapse...... lmao....
[–] Mobius_racetrack22 0 points 2 points 2 points (+2|-0) ago
The big spike in 1980 was $800+. Don't see it going below 1k soon but yes, you can make a killing if you grab it when it's affordable. Also good if you need a handful of cash fast, no taxman involved. I think any smart person should have a concealed safe with a few Krugerrands inside. I know people that still toss Morgans around, and seriously fuck anyone that calls metals investors 'gold bugs'. You can make some serious money if you're not retarded enough to jump in when there's a rush and not too greedy to hang on when it spikes.
[–] 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.