Canada, bucking an international trend that has seen central banks
become net buyers of gold since 2010, has sold off all its official gold
holdings. Canada’s official international reserves last released by the
Bank of Canada (BofC) on February 23, 2016 showed gold reserves at zero (0). This
is unprecedented. Canada now stands as the only G7 nation that does not
hold at least 100 tonnes of gold in its official reserves. According to
statistics from the World Gold Council (WGC), Canada’s current holdings
would now rank it dead last out of 100 central banks, behind Albania at
number 99. A footnote says that the BofC still holds 77 ounces of gold,
primarily in gold coins.
“…and then there was none.”
bmg-group.com/wp-content/uploads/2016/03/And-Then-There-Was-None-Canada-Sells-Its-Gold-2016.03.09-1.pdf
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