by Jeff Berwick
Canada’s Financial Ministry has continued to act out its insanity. The Ministry has actually stripped Canada of every last, single ounce of gold.
This at a time when China and Russia are buying whatever they can. China holds over 1,700 tons of gold though it probably holds a lot more than that. Russia holds a huge amount of gold too and is buying more.
The dollar has again moved down hard against gold after moving down nearly US$1,000 over the first decade of the 2000s.
Knowing gold is in demand around the world and that the West’s major adversaries own hundreds and thousands of tons of it, what does Canada do? It sells.