61 () posted 3 years ago by FaithNotFear 3 years ago by FaithNotFear +61 / -0 40 comments share 40 comments share save hide report block hide replies
We sold our gold reserves decades ago under Mulroney and Chretien.
https://globalnews.ca/wp-content/uploads/2016/02/canada-gold.png
Trudeau sold "only" the remaining 2 tons of gold back in December 2015 and January 2016. Since then Canada has exactly zero gold reserves.
I encourage everyone to stash their spare cash into assets and foreign equities.
Once the hyper inflation kicks off, most of your wealth will be safe.
I've been thinking of buying physical gold and silver coins and bullion.
Definitely go with physical bullion. The paper traded stuff is heavily manipulated.
Once it all starts to crash, I'm gonna be all in btc. Hopefully the government won't pull an india and outlaw crypto and demand we give it all to them.
Oil is up by 45% since November and the CAD follows this direction.
Also, I wouldn't call it "mooning" what the CAD does. It's at 79 cents, which is like 3 cents higher before Covid happened.