Do You Own Any Gold? If So You Own More Than The Bank Of Canada

Canada’s Financial Ministry has continued to act out its insanity. The Ministry has actually stripped Canada of every last, single ounce of gold. 

This at a time when China and Russia are buying whatever they can. China holds over 1,700 tons of gold though it probably holds a lot more than that. Russia holds a huge amount of gold too and is buying more. 

Global News talked to a spokesperson for the Ministry and was told that the sale, “was done in the normal course of business for the government. The decision to sell the gold was not tied to a specific gold price, and sales are being conducted over a long period and in a controlled manner.”

With wars around the world, the Western banking system again teetering again on the edge of insolvency and rage rising over central bank economies, most people with any common sense are buying real estate, farmland and precious metals.

DYI Comments:  Canada is currently in recession due to low oil/gas commodity prices.  The Canadian central bank has reduced interest rates to reflect this economic change. 

Real estate that would be non- Canadian properties(other non-bubble countries).  Real estate in Canada is in a far larger bubble than the U.S. experienced.  For those of you who are Canadian sell your over inflated house and rent placing the proceeds into Canadian stocks plus oil/gas and precious metals mining companies denominated in U.S. Dollars.  The Loonie (Canadian Dollar) is about to be debased as your Central bank desires to push down the exchange between Canadian and U.S.  It will be the age old game of export your way out of this economic mess. 

Current exchange as of 3-10-16 74.79 cents Canadian to purchase $1.00 U.S. Dollar

or 

$1.00 (U.S.) will purchase 1.34 Canadian Dollars

For Americans when Canadians begin screaming about the low exchange to the point of throwing the bums out of Parliament(politicians hate losing their cushy jobs) pressure will come to bear for Canada's central bank to tighten pushing the Loonie back up.  By that time oil/gas and other commodities will have already bottomed. Canadian short term government and corporate notes of less than 3 years in duration is DYI's first choice.  You will be able to roll up to the higher interest rates maintaining your principal over those 3 year time periods plus the Loonie will be gaining value.  Something to keep in mind; before this occurs, it may take a year or two.

DYI