Just when everyone else is clamoring to get their hands on some gold, Canada has announced that it is selling half of its reserves in order to `diversify investments` into markets that are currently ‘tanking’ globally.
The country held just $19 million US worth of gold as of last Monday. 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 — a “negligible” amount, the Bank of Canada acknowledges — worth $24 million US.
The thing about gold is that it not only traditionally acted as an asset with which to back currencies, but that it also acts as a lifeboat in times of crisis – war, financial collapse etc.
But don`t take our word for it, China & Russia have been quietly squirrelling away thousands of tons on the stuff over the past two decades. Read More
An idea of this ridiculous magnitude can only be the work of one politically criminal mastermind: Canada`s President Pool Boy, Justin Trudeau.
For anyone interested in how gold works on geopolitical level & as a tool of economic warfare, we suggest the following film to be essential viewing. That includes you Justin.