🚨 Canada’s Empty Gold Vaults: A Bold Bet or a Big Mistake? 🇨🇦💰
Did you know Canada is the only G7 country with exactly ZERO gold in its reserves? 🤯
While other world powers are hoarding gold at record levels, Canada took a completely different path. Here is the breakdown of how it happened and why it matters today.
📉 The Great Sell-Off
In 1965, Canada was sitting on a mountain of gold—1,023 tonnes to be exact. Today, that would be worth roughly $149 Billion.
Instead of holding onto it, the government spent decades slowly selling it all off.
1960s-1980s: The sell-off begins.
2000s: Only a tiny fraction (46 tonnes) remains.
2016: Canada sells its final ounces, officially hitting 0.00%.
❓ Why Sell Everything?
The Bank of Canada’s logic was simple: Gold doesn't pay interest.
They decided that "paper assets" (like foreign government bonds and US Dollars) were better because they are:
Highly Liquid: Easier to trade quickly in a crisis.
Productive: They earn interest, whereas gold just sits in a vault.
Modern: They believed the world had moved past the need for physical metal to back a currency.
🌍 The Global Contrast
Compare Canada’s strategy to its peers:
🇺🇸 USA: ~8,133 tonnes
🇩🇪 Germany: ~3,352 tonnes
🇮🇹 Italy: ~2,452 tonnes
🇨🇦 Canada: 0 tonnes
While Canada bet on the "modern" system, other nations kept gold as an insurance policy against inflation and geopolitical chaos.
⏳ Is the Strategy Changing?
With gold prices hitting all-time highs in 2025 and the rise of Bitcoin
$BTC as "Digital Gold," many are asking if Canada missed out on a massive payday.
Even though Canada is the world’s 4th largest gold producer, it doesn't keep a single gram for itself. As global tensions rise, the debate is back: Was this a brilliant move for liquidity, or did Canada sell the ultimate safety net?
What do you think? Should Canada start buying gold again, or is paper/crypto the future? 👇
#Gold #Canada #Economic #Crypto #G7