Thursday, February 18, 2016

Canada Selling Part of Its Gold Reserves

by Martin Armstrong

Governments everywhere are going broke. Despite what people think, gold may yet make new record lows under $1,000 in the months ahead. Canada has sold off a piece of its gold reserve into this rally. There is NO intention of returning to a gold standard. They are moving fully electronic and intend to eliminate cash everywhere. In so doing, the “official” view behind the curtain is that they no longer need gold.