Gold Reserves: What Did the UK and Canada Do Wrong?

This chart is the most classic satire of the gold reserve policy as a "contrarian indicator":

In 1999, the UK sold half of its gold, an event known as the "Brown Bottom" in history;

In 2016, Canada sold all its gold, becoming the only developed country in the world with nearly zero gold reserves.

What is their common mistake? Both sold strategic assets at a low point.

So, Buffett is not alone; investors should not blindly trust the government.$BTC $ETH $SOL #比特币市值排名 #TRUMP晚宴 #加密货币总市值重回3万亿