💰 Canada’s Gold Blunder: A $161 Billion “Oops” 💰
Did you know? Canada once held over 1,000 tons of gold—enough to make it one of the top holders in the world. But between 1980 and 2016, those reserves were systematically sold off, until by 2016, Canada had virtually zero gold.
📉 The sale details:
Began: 1980
Last sale: 2016
Average price sold: $120/oz
Fast forward to today, with gold at sky-high levels… those same reserves would now be worth a staggering $161 BILLION. 💥
⚠️ Financial hindsight:
Critics call it one of the costliest central bank decisions in modern history.
While Canada dumped gold, other central banks have been scooping it up, stacking reserves and hedging against inflation.
💡 The takeaway:
Gold isn’t just shiny metal—it’s real financial insurance. Selling low and missing out on decades of appreciation? That’s a textbook “opportunity cost” on a historic scale.
🚀 Whether you’re talking gold, crypto ($XAU , $XPL , $APT ), or other assets, the lesson is clear: hedge smart, think long-term, and never underestimate the power of scarcity.
