If you are not already aware, the Bank of Canada holds exactly ZERO tonnes of gold in its reserves. Yes, you read that correctly. In 2016, the BoC sold its last tonne of gold and has not bought any since then, even while inflation continues to creep higher and other countries continue to stockpile the metal. Anyone with a basic understanding of economics will probably be left shocked and frustrated by this. I would like to direct everyones attention to this Kitco piece which outlines why the Ban
I can understand this is insane for the BoC, but luckily the country does have gold in the ground