🚨 A Costly Call: How Canada Let Its Gold Go Too Soon 🇨🇦💥
Back in the 1960s, Canada was sitting on a serious gold stash — over 1,000 tons. But over the years, that reserve was slowly sold off. The process kicked off around 1980 and wrapped up quietly by 2016, leaving Canada with almost zero gold in its vaults.
At the time, it felt progressive. Gold was sold at an average price close to $120 per ounce, and the belief was that a modern financial system didn’t need heavy reliance on gold anymore.
Fast forward to today… and hindsight hits hard.
If Canada had simply held onto that gold, its value would now be around $160+ billion. While Canada was exiting, many other central banks were doing the opposite — accumulating gold as a hedge against inflation, currency instability, and global uncertainty.
Now gold has reclaimed its role as a key pillar in global finance — and Canada is on the sidelines, watching. Many economists now point to this decision as one of the most expensive long-term policy missteps ever.
📌 Takeaway: Trends change, narratives shift — but gold has a way of proving its value over time. Ignore it at your own risk. 👀🔥
