Trudeau sells 80% of Canada's gold

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JUST

So?

Last time I checked, our dollar isn't backed by gold.

Nor is Americas

Nor is the UKs

Etc

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>canadian gold reserves will be spent on syrian and chink healthcare

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>>54955482

What a moron

I bet he's putting it toward helping refugees

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>>54955500
>>54955519
>>54955533
>>54955535
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

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>>54955482

>>54955570
isn't it past your bedtime Justin?

>>54955502
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

>>54955502

Holy shit you are dumb

>selling gold during a stock market crash

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If Canada sold it's gold reservers what do they have left?

Because they don't have very big amounts of other reserves.

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>Canadians

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>>54955650
btw.

>GerMONY

>>54955579
>>54955618
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?

>>54955599
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

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>>54955650
chinese overlords

>>54955699
>le autistic hamster girl
Fuck off

>>54955674

http://www.buygoldsilver.com/gold/why-is-gold-important/

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.

http://www.buygoldsilver.com/gold/why-is-gold-important/

>>54955757

a recommended read 4 u

https://en.wikipedia.org/wiki/Gold_as_an_investment

>>54955663
We have the second most. Look here https://en.m.wikipedia.org/wiki/Gold_reserve#Officially_Reported_Gold_Holdings

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>>54955482
>gives them the freedom to invest in german bonds
>German bonds
>a good thing
>German bonds
>wise and astute
Holy hell, Canada what are you doing?
JUST

>>54955757
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.

>>54955821
Its over for us, I will commit suicide in the coming months, goodbye.

>>54955782

How long before Merkel gives it to the rapefugees, though?

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>a potsmoking snowboard/drama teacher in charge of a nations finances

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>>54955782
Thanks for the info lad, should be enough to pay the ww2 compensation to us.

>>54955858

>Sweden laughs at Trudeau
>Sweden forgets how badly cucked they are

Pot, meet Kettle.

>>54955834

>i have no arguments the post

Gold is the most stable and the safest investment.

>https://en.wikipedia.org/wiki/Gold_as_an_investment

>http://www.investopedia.com/articles/basics/08/invest-in-gold.asp

please don't vote, ever.

Trodo trying to make him and his buddies as rich as possible before the global crash?

>>54955674
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

>>54955890
At least our politicians aren't this incompetent

Talk all you want about niggers but this is unprecedented here

>>54955917
>please don't vote, ever
i think its too late now

>>54955674
>US's gold reserve literally empty
you are 12 years old

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.

>>54955917
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?

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>>54956055

Weed meme man will probably invest all the money into hoverboards for refugees or some silly shit like that.

>>54956102
Fins learning something from Google would require they had the capacity to learn.

>>54955500
How long until it's a weed leaf?

>>54955999

You have a point there. Trudeau is going to run Canada into the ground.

Hillary and Bernie will do the same here in the States.

>>54956140
Never because JUST-in lied.

>>54956102
>being this much of an unapologetic charlatan

>>54955757
Not him but shouldn't you use a source that doesn't have a conflict of interest?

It's a clickbait article because Canada hardly had any gold anyways.

>>54955482
doesn't matter really, we don't keep massive gold reserves like other countries

>>54956179
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

Tbh

>>54956179
Don't ruin the meme magic plox.

>>54956202
*like real countries

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>>54956223
>trudeau
>liberal

>>54956267
Well yes?

He's head of the liberal party of canada...

Is it good or bad to sell gold when stock markets are falling?

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>>54955570
>Last world leader who tried to make a gold currency was killed by NATO
yeah
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
Tupamaros
Action directe
ETA
Provisional Irish Republican Army
Red Army Faction
Red Brigades
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
FROLINAT
Polisario Front


"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."

>>54955999

You do realize Sweden is projected to become a very shitty place in the future

>>54956474
It isn't. The UN already admitted they were wrong.

>>54956528
proofs

>>54955674
>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.

>>54956368
doesn't really matter. our entire reserve was only something like $100m USD which is basically fucking pocket changed for governments

>>54956368
Gold usually goes up when stocks go down, and vice versa...but it's not a perfect correlation.

gotta make sure them coffers are empty for when the loonie falls down below the peso

>>54955482
Gold is what countries use as bargaining chip when the other side doesn't trust your ability to pay back the bonds. An example would be during war.

>>54956102
>How exactly is gold sitting in a vault an investment if you never receive any dividends from the investment?

>>buy gold
>>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

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Don't worry Canada, we don't have much gold at all and we're doing fine.

>>54956610
>sell gold

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/

>>54956610
You don't seem to know how "derivatives" work.

>>54956677
America is literally the greatest nation in the world

>>54956687
gold derivative =/= gold itself

your a autismo

>>54956677
Didn't Gordon sell most of it when it was really low?

>>54956687
Canadians are much worse. You don't realize it because you're a canadian shithead yourself

>>54956687
Nigga you dumb, gold will always be worth something and Weedman just sold the only thing left in Canada that could possibly retain value

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>>54955650
>>54956677
these two dont make sense

>>54956716
Yes

>>54956711
>gold derivatives

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.

>>54956748
why? what was the reaction of britfriends

>>54956747
One measures gold reserves, the other one measures more than gold reserves. Effectively gold + usd

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>>54956759
holy shit you are MADE AS FUCK

>>54956745
But we don't even have much gold at all.

>>54955482


Canada is really fucked now.

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>>54956785
>DUDE GOLD DERIVATIVES

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I don't know what this means for my country. What mean?

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>>54956797
You don't have much of anything with monetary value at all

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>>54956825
please continue being buttmad :DDDDDD

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>>54956838
Thanks faggot

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>>54956842
>gold derivatives
>Finnish economics

>>54956850
>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

>>54956055

Weed man will probably send it all up in smoke.

t. American Humor

>>54956850

Don't you have other resources

>>54956878
We can thank Stephen Harper for that.

Dumb fuck couldn't look past oil

>>54956850
>use all of your country's land to grow weed
>smoke it
>why won't anyone give us free shit?!

>>54956889
>harper
>diversified economy
lyl

>>54956895
>Get rid of dumbshit PM
>Economy going down fast
>Get another dumbshit PM who's literally focused on diversity as the economy falls apart
Will Canada even exist in ten years?

>>54956541

> 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?

https://en.m.wikipedia.org/wiki/Gold_reserve#Officially_Reported_Gold_Holdings

>>54956772
>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.

>>54956937
...this is why gold is being sold retard

To invest in foreign bonds and inject money went the dividends start getting paid

>>54956981

You are getting rid of the one stable investment a person or government can have. What don't you understand about that

>>54956850

If you are going to flush the planet, you should at least expect the US will be there shitting it up with you. It's what we do.

>>54956998
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?

>>54957035

If you weren't retarded you'd re read the Fin's posts

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>>54957048
>gold derivatives

Yeah, you're also a bandwagoning retard too.

You have no clue what you're talking about. Just stop replying.

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>>54957073

>>54955482
>caring about our gold reserves
>not caring about our maple syrup reserves

who the fuck gives a shit. this is roughly 1% of our annual gold mining output.

>look up gold derivative
>it's literally gambling
Rofl

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Now that is some NEXT LEVEL shit.