Canada Sold 43% Of Its Gold Last Month

Reub · Post by **Reub** » Thu Feb 04, 2016 4:41 pm

Why would they do this? Is their new "progressive" government about to destroy their currency even more than it already is? Helicopter Trudeau?

How can I short the loonie?

Post by **dualstow** » Thu Feb 04, 2016 7:28 pm

Do you have a source? I'm too lazy to google it.

Reub · Post by **Reub** » Fri Feb 05, 2016 3:03 pm

http://www.pennyminingstocks.com/canada ... -reserves/

"According to the IMF (http://www.gold.org/research/latest-wor ... d-reserves), Canada sold 1.3 tonnes of gold reserves (43.3% of its gold reserves) in January 2016. As of January 2016 Canada had 3.0 tonnes of Gold reserves and as of February 2016 only 1.7 tonnes."

Post by **dualstow** » Fri Feb 05, 2016 3:31 pm

Wow!

Well, it's Canada. I guess they can always mine more.

Post by **MediumTex** » Fri Feb 05, 2016 7:49 pm

dualstow wrote: Wow!

Well, it's Canada. I guess they can always mine more.

Or realize that Canada urgently needs to diversify its economy away from natural resource production to countercyclical industries like nationalist-themed death metal.

Below is a pic of "Shank", the singer for the jingo thrash band Detroit Dead Wings:

rickb · Post by **rickb** » Fri Feb 05, 2016 7:54 pm

Canada sold essentially all of its gold a few years ago, see http://investmentwatchblog.com/canada-h ... -currency/

It holds so little now that small differences in the absolute amount constitute large percentage changes.

Libertarian666 · Post by **Libertarian666** » Fri Feb 05, 2016 7:56 pm

rickb wrote: Canada sold essentially all of its gold a few years ago, see http://investmentwatchblog.com/canada-h ... -currency/

It holds so little now that small differences in the absolute amount constitute large percentage changes.

Yes, I was going to mention that 1 ton +/- is irrelevant in the grand scheme of things, although considerably more than I have.

On the other hand, I'm not sure that the US has more than that... or more than I do, for that matter.

Post by **dualstow** » Sat Feb 06, 2016 6:32 am

tech, I need something to wrap a tv dinner in and was wondering if I could borrow your hat.
-

Libertarian666 wrote: Yes, I was going to mention that 1 ton +/- is irrelevant in the grand scheme of things, although considerably more than I have.

On the other hand, I'm not sure that the US has more than that... or more than I do, for that matter.

Greg · Post by **Greg** » Sat Feb 06, 2016 9:51 am

dualstow wrote: tech, I need something to wrap a tv dinner in and was wondering if I could borrow your hat.
-
Libertarian666 wrote: Yes, I was going to mention that 1 ton +/- is irrelevant in the grand scheme of things, although considerably more than I have.

On the other hand, I'm not sure that the US has more than that... or more than I do, for that matter.

That was a sweet baby-back insult there. Good job.

Libertarian666 · Post by **Libertarian666** » Sat Feb 06, 2016 10:55 am

dualstow wrote: tech, I need something to wrap a tv dinner in and was wondering if I could borrow your hat.
-
Libertarian666 wrote: Yes, I was going to mention that 1 ton +/- is irrelevant in the grand scheme of things, although considerably more than I have.

On the other hand, I'm not sure that the US has more than that... or more than I do, for that matter.

When was the last audit of the Federal Reserve, including the gold it supposedly is holding for the Treasury's account?

Oh, that's right: never.

But of course we know that central bankers never lie and always tell the truth, right?

"For just as James Bond has a “License to Kill” in the Ian Fleming books, so central bankers possess a “License to Lie” — or, putting it more diplomatically and politely, to make promises about the future that cannot be honored and often turn to be false." (http://blogs.reuters.com/anatole-kalets ... se-to-lie/)

Post by **dualstow** » Sat Feb 06, 2016 1:17 pm

Wasn't meant as an insult, but a tease. It just reminds me of that caller to Harry Browne's show talking about Fort Knox being empty, and Harry politely ending the call as soon as possible.

I suppose it's possible, just unlikely. I'll file it in the same place as "We never went to the moon."

Libertarian666 · Post by **Libertarian666** » Sat Feb 06, 2016 1:24 pm

dualstow wrote: Wasn't meant as an insult, but a tease. It just reminds me of that caller to Harry Browne's show talking about Fort Knox being empty, and Harry politely ending the call as soon as possible.

I suppose it's possible, just unlikely. I'll file it in the same place as "We never went to the moon."

We'll probably find out some day, when they don't have any left to stop the gold price from going to the moon.

dragoncar · Post by **dragoncar** » Sat Feb 06, 2016 4:15 pm

Who bought all that gold? Illuminati?

Pointedstick · Post by **Pointedstick** » Sun Feb 07, 2016 12:26 am

[img width=169]http://i.imgur.com/p15FPRb.png[/img]

Post by **dualstow** » Sun Feb 07, 2016 6:39 am

Libertarian666 wrote:
dualstow wrote: Wasn't meant as an insult, but a tease. It just reminds me of that caller to Harry Browne's show talking about Fort Knox being empty, and Harry politely ending the call as soon as possible.

I suppose it's possible, just unlikely. I'll file it in the same place as "We never went to the moon."
We'll probably find out some day, when they don't have any left to stop the gold price from going to the moon.

Canada Sold 43% Of Its Gold Last Month

Canada Sold 43% Of Its Gold Last Month

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