' Canada sold its entire gold reserve, from over 1,023 tonnes to effectively zero by 2016. The government at the time stated gold was non-yielding and costly to store, opting for bonds in fiat currencies instead. Since then, gold's price has risen roughly 400%.
🥇 Canada Sold All Its Gold a Decade Ago as 'Useless'
Canada sold its entire gold reserve, from over 1,023 tonnes to effectively zero by 2016. The government at the time stated gold was non-yielding and costly to store, opting for bonds in fiat currencies instead. Since then, gold's price has risen roughly 400%.
