An article in Canada’s french La Press today announced that Canada had fiished selling off its gold reserves. The last time a country sold their gold it was England at US$275 per ounce in 2002. It turned out to be a bottom (the worst time to sell) as it is now around US$1700 per ounce.

Let’s see if history repeats itself. I have always been on the record to support assets with no counter party risks such as gold and silver.

When the Canadian dollar drops in value, that store of value will look that much more sensible.

Canadian gold industry stocks may be offering an exceptional opportunity right now.

Link: https://www.lapresse.ca/affaires/economie/canada/201603/03/01-4957040-le-canada-vend-ses-reserves-dor.php (French / En français)