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Canada has settled gold reserves
Material posted: Publication date: 04-03-2016
The authorities of Canada have sold all gold from gold and foreign exchange reserves of the country. Canada became the first and still only country among the states of "The big twenty" which don't have gold reserves.

As of March 3, 2016 gold volume in GCR of Canada has decreased to zero. Such data were published by the Ministry of Finance of Canada.

The volume of gold reserves of Canada steadily decreased over the last 50 years. In the mid-sixties reserves of gold of Canada exceeded 1 thousand tons. By 1985 a half from this volume has been sold. During 1990 – the beginning of the 2000th the most part of the remained reserves were is sold out.

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In 2015 the volume of gold reserves of Canada made 3 tons. By February, 2016 this figure was reduced to 1,7 tons.

As a result of full sale of gold at the beginning of 2016 Canada became the first and still only country in G20 which was left without gold reserves. All other leading states of the world keep gold as one of protective assets, a number of the countries continue to increase volumes of gold reserves.


Source: http://www.vestifinance.ru/articles/68233

Tags: assessment , gold


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