>>10192301>>10192301"This latest sell-off is indeed part of a much longer-term pattern of moving away from gold as a government-held asset. According to economist Ian Lee of the Sprott School of Business at Carleton University, Ottawa has no real reason to keep its gold reserves other than adhering to tradition."
Source:
https://globalnews.ca/news/2508940/canada-sells-nearly-half-of-all-its-gold-reserves/Why does a country need to have gold reserves? Isn't it more of a personal thing you'd want to own, and not have the gold be owned collectively by your government?
I'm trying to insulate myself from collapse because gold holds value as regimes and currencies change. If the government of Canada holds gold, does it do anything?
Especially if you're not going to use a gold standard?
