Sadly, it was not spent on weed.
>canadian gold reserves will be spent on syrian and chink healthcare
There's literally no reason for gold to be held onto lol
Last world leader who tried to make a gold currency was killed by NATO
It's a gigant show of economic weakness, the gold reserve is a piggy bank that you only break if you are in deep shit, weed man saw himseld with a big gap and figured he would be remembered badly if his first actions were doing cuts, so he fucked that piggy bank so he doesn't have to make tough decisions, you now have 32 million CAD in gold left wich is pretty shit, oil prices really fucked you good
If Canada sold it's gold reservers what do they have left?
Because they don't have very big amounts of other reserves.
How mad are you that you don't know why this is a bad idea, but still feel like it's the right way to respond?
Lol. So wait, you're saying that countries hold onto gold for a back up?
Haha. Did you know Fort Knox aka the US's gold reserve is literally empty?
This is a bullshit accusation that you're overblowing for no reason
Gold is important because it is the de facte and de jure safe investment. Gold doesn't lose it value. When the housing market crashes? Invest in gold, it's safe. When the stocks crash? Invest in gold, it's safe.
This is why gold is hoarded you economically illiterate moron.
>gives them the freedom to invest in german bonds
>a good thing
>wise and astute
Holy hell, Canada what are you doing?
Haha, you had to google "why is gold good to invest on" because you're a fool who has no idea what he's talking about.
Gold rises and falls too you absolute retard. Gold holds value but so does investing in Germany, the U.K., France and the US where actual money is being made rather than sitting in a vault collecting dust.
Dumb fuck lmao.
>a potsmoking snowboard/drama teacher in charge of a nations finances
Thanks for the info lad, should be enough to pay the ww2 compensation to us.
>i have no arguments the post
Gold is the most stable and the safest investment.
please don't vote, ever.
The US has 8,133 tonnes of gold be it in Fort Knox or in any other place , it might have been moved from Knox because it is so well known,Canada now has 0.62 tonnes of gold, also i'm 80% sure you're 16 of below
DUDE GOLD IS JUST ANOTHER METAL GOOD FOR TECHNOLOGICAL COMPONENTS LMAO
It's bad that they're selling all our resources for personal gain, but you're still all stone knapping anachronistic retards.
There's literally nothing wrong with this as long as the money is invested well.
The countries complaining ITT have had 0% interests rates and "quantitative easing" which are probably more harmful financial policies than reinvesting Gold reserves.
Why are you so dumb? How exactly is gold sitting in a vault an investment if you never receive any dividends from the investment?
Stupid shit lmao. You realize you only make money from an investment is when, you know, YOU ACTUALLY MAKE MONEY.
Oh, and guess what? Selling gold is MAKING DIVIDENDS.
Why are Finns so dumb? What are you, 16? Learn everything from Google?
Weed meme man will probably invest all the money into hoverboards for refugees or some silly shit like that.
It's just retards who have no grasp of economics or investments jumping on the "le liberals are incompetent xD" meme when it quite literally has 0 basis for the criticism it's getting from 16 year old wannab neo-cons
>Last world leader who tried to make a gold currency was killed by NATO
I'm sure it had nothing to do with him actively help fund terrorist organizations
List of known terrorist organizations/guerilla organizations funded by Gaddafi:
Black September Organization
Almighty Black P. Stone Nation
Black Panther Party
Nation of Islam
19th of April Movement
Provisional Irish Republican Army
Red Army Faction
Democratic Front for the Liberation of Palestine
Popular Front for the Liberation of Palestine
Japanese Red Army
Abu Nidal Organization
Armenian Secret Army for the Liberation of Armenia
"the bombs which are convulsing Britain and breaking its spirit are the bombs of Libyan people. We have sent them to the Irish revolutionaries so that the British will pay the price for their past deeds"
June 11, 1972
Gaddafi ... announced his intention to "fight Britain and the United States on their own lands"
June 13, 1972
"We are helping the Irish put a thorn in Britain's flesh and make her pay dearly" ... "at present we support revolutionaries of Ireland who oppose Britain ... there are arms and there is support."
"We declare here today that any Arab wishing to volunteer [for Palestinian terror groups] can register at any Libyan embassy and will be given adequate training for combat."
>Haha. Did you know Fort Knox aka the US's gold reserve is literally empty?
Germany retrieved reserves they had there a little while ago. So we can at least say it wasn't empty before then.
>How exactly is gold sitting in a vault an investment if you never receive any dividends from the investment?
>>then buy gold derivatives that bet for rise in gold price
>>sell derivatives when gold rises
>>if gold doesn't perform as expected, you lose derivatives but the losses are offset by the gold you already bought which is will rise in the future anyway because it's so good at preserving value
Don't worry Canada, we don't have much gold at all and we're doing fine.
Exactly you fucking moron. Why are you even arguing when you literally just said to sell gold to make money.
Fuck you're dumb.
I swear to god finns are the dumbest posters on all of /int/
these two dont make sense
You're so full of shit. Just stop teplying. You've shown with each post that you're a retard who just wants to look like he knows his shit by linking stupid websites that shill for you to buy gold.
I don't know what this means for my country. What mean?
You don't have much of anything with monetary value at all
please continue being buttmad :DDDDDD
>Base entire economy on one resource
>The same resource that every country in the world is trying to find better ways of producing
>Sell all your gold and legalize weed to try to save country
>Get annexed by the US
> Being this much of an edgy yurofag.
You do realize your continent is crashing with no survivors and there is no question we will outlast you right?
>why? what was the reaction of britfriends
It was a couple years before the financial crisis when gold shot up. He didn't know the price was especially low.
Anyway, people were angry but other things are much more important. Gold is not integral to the nation's wealth, we lost out on a higher price but in the long run it doesn't mean much.
What don't you understand that gold does not pay dividends unless you sell it?
You think the gold fairy just comes once in a while and throws a couple million at us for a bar of gold?
Yeah, you're also a bandwagoning retard too.
You have no clue what you're talking about. Just stop replying.