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Gold is trading near record highs in Canadian dollar terms, but the Bank of Canada owns ZERO gold.
Canada is one of the largest producers of #gold in the world, yet it is the only country in the G7 not holding at least 100 tonnes.
Remarkable. pic.twitter.com/GzWyCOPCqm
— Gold Telegraph ? (@GoldTelegraph_) March 20, 2023
YEP…Idiots and Morons run the place …no offence to idiots and morons
As I recall, Canada’s bullion reserve was sold at rock bottom prices to hold the POG down — upon request of the USA (decades ago).
I believe that is why they are called “Loonie”! LOL Yes, I know it refers to the bird and the currency but it just seems appropriate. At least you Canadiens are honest and admit you have no gold. The US lies and pretends they still have the gold they USE to have.