The story of gold in Canada is a fascinating one! In 1965, they had 1,023 metric tons of gold worth $1.15 billion, which is equivalent to $149 billion today. However, they sold all of it, becoming the only G7 country without gold reserves ¹ ² ³.

Why did they do that? The Canadian government prioritized liquidity and financial returns, investing in foreign currencies and bonds instead of gold. This decision was made over several decades, with key players such as Prime Minister Pierre Trudeau, Brian Mulroney, and Bank of Canada governors John Crow and Gordon Thiessen ¹ ⁴.
Now, Canada's treasury is empty, while other G7 countries hold thousands of tons. The United States has 8,133 tons, Germany 3,352 tons, and the United Kingdom even has 310 tons ¹ ⁵.
Do you think Canada will reconsider its gold reserve strategy? 🤔