🇨🇦 A Historic Decision: How Canada Ended Up With Zero Gold Reserves

Canada’s gold story remains one of the most debated policy decisions in modern financial history. In 1965, the country held gold reserves valued at roughly $1.15 billion, a meaningful pillar of national wealth at the time. Over the decades that followed, those reserves were steadily sold off, with the final ounces reportedly liquidated by the mid-2010s.

At today’s gold prices, that same stockpile would be worth well over $150 billion, underscoring the massive opportunity cost of the decision. As a result, Canada now stands as the only G7 nation with virtually no gold reserves, a sharp contrast to other major economies that continue to accumulate gold as a strategic asset.

While gold does not produce yield, it has historically served as a store of value, an inflation hedge, and a financial backstop during periods of economic stress. In recent years, central banks worldwide have accelerated gold purchases to strengthen balance sheets and reduce reliance on fiat currencies.

With the benefit of hindsight, many analysts view Canada’s move as a strategic miscalculation—particularly as global uncertainty increases and gold regains prominence in reserve management.

📌 Key Takeaway:

Gold may not always shine in the short term, but history consistently reinforces its role in long-term financial security—a lesson markets are repeatedly forced to relearn.

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