The Canadian government spent years selling off its gold reserves—completely liquidating them by February 2016. Today, Canada holds zero gold, opting instead to stockpile foreign currencies. The Department of Finance confirmed this shift in strategy, assigning a $0 value to official gold holdings. Critics argue this move weakens national sovereignty and economic resilience, especially amid rising global uncertainty and growing demand for hard assets like gold.
Gold reserves sold by Trudeau Liberals would be worth double today
