Maple syrup. In our house, we call it *brown gold* b/c growing up, the kids had to learn to use a reasonable amount on their pancakes and not waste it b/c it was so expensive.
Posted on 03/19/2016 1:19:15 AM PDT by Berlin_Freeper
Canada, home to some of the world’s largest gold-mining companies, recently announced that it had effectively liquidated all of the country’s holdings of the shiny metal and is moving to what a government spokesperson described as “easily tradable” assets.
It has been a long process. Canada held 1,088 tons of gold in 1955. By 2000, it was down to 46 tons. Today, just 77 ounces remain. This puts Canada in last place in the most up-to-date compilation of data on gold reserves compiled by an industry group, the World Gold Council. In the Council rankings, Canada is now in last place, well behind Albania, Haiti, Trinidad and Tobago, and Papua New Guinea.
(Excerpt) Read more at newsmax.com ...
Which brings us back to Canada. It has been the plaything of empires, but has never harbored imperial ambitions of its own. And its policy makers have never felt a need to proclaim their greatness by accumulating piles of gold. As they would say to the rest of us who cling to this imperial relic: it’s all in your head.
From a glance at the article, the whole thing is a psyop.
Paraphrased summary: “Gold is dismissed as a barbarian relic of the past. It is not easy to liquidate. U.S. treasuries are much safer.”
Drivel. Slobbering drivel.
This move by Canada is, on a national level, the equivalent of New Coke and the M&Ms E.T. fiasco writ large.
Utterly stupid.
The U.S. is bankrupt. Its treasuries are worthless. The Emperor has no clothes. The U.S. dollar is a dead man walking.
And in the face of that, you, Canada, dump your gold?
Idiots.
In the end, it’s all about clean water, healthy food, antibacterial soap and soft toilet paper.
It’s all in your head until China and the Middle East demand real physical gold for their exports instead of paper.
This article is basically propaganda for people to sell their worthless gold and silver and not to buy real physical gold and silver.
If a country has a large supply of other resources and a stable government, such as Canada has, the country does not need gold.
Maple syrup. In our house, we call it *brown gold* b/c growing up, the kids had to learn to use a reasonable amount on their pancakes and not waste it b/c it was so expensive.
This mine is so deep you have to take two elevators to get to the deepest point. Of course, because it's not possible to go up and down the elevator whenever you need tools or supplies underground, the mining company has built elaborate subterranean infrastructure, such as a vast hardware depot and a cavernous garage to service the enormous vehicles that ply the stopes and drifts, drilling, hauling and crushing ore.In the midst of the roar of gigantic machinery, the sweat, heat, dust and smell of this maze of mechanized moles, one can't help but be impressed by the effort to which humans go, some who blast rock and some who trade stocks, to obtain the precious metal.
But not so precious to the Canadian government, apparently.
Of course Canada still has a gold reserve. Its just that it is still in the ground.
Canada is in a somewhat unique position among nations. It has abundant agricultural and natural resources. It has generally clean air and water and possesses more than 25% of the world's fresh water supply. It does not share a border with any third world country and has access to the largest consumer market in the world. It's only neighbor is it's best ally and would never allow a foreign power to invade.
These facts make policy makers somewhat complacent and short sighted. Gold is, in fact, base money, the only real money, and a central bank should have some gold in it's asset mix whether they believe in its intrinsic value or not.
It is distressing to me personally that the BOC is selling all of its gold. However individual Canadians can insulate themselves against the insanity of their central bank. You can buy gold and silver coins and bars in Canada with no reporting requirements, no paper trail whatsoever. Even if the central bank doesn't want to own gold, individuals still can.
And put your money into stocks and treasuries! That's the ticket!
Come on and ring the little bell and smile for the cameras!
Look vapid, robotic, and happy, because the party will never end.
You don't really know what your huge percentage of your dwindling salary that your are pouring into your IRA/401K is really buying?
Don't worry about it!!!
Just applaud!
I have always wondered about the absolute value of gold.
There are industrial/electronic uses for gold, but as a useful material gold is not the most ideal. No, it doesn’t oxidize, but it’s soft and is easily worn.
Just thinking out loud.
Canada may be rightfully calculating that their oil reserves are, and will be in the future, much more valuable than their gold reserves.
>>In the end, it’s all about clean water, healthy food, antibacterial soap and soft toilet paper.<<
Eww eww...teacher, teacher.....guns/ammo too? lol
See # 18.
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