Why did he sell the gold reserves?

Why did he sell the gold reserves?

KEK
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for money

>implying

JUDEN! JUDEN! JUDENTUM!

literally to fun anti-trans bullying campaigns

Because it's two-thousand sixteen

Pretty much this.

At this point you have to ask "why have any reserves at all". Besides, our banks don't require gold or cash reserves of any kind. Try and take out 10,000 cash from a bank. They won't have it.

>Implying the average /pol user/ knows what that means.
>Inb4 mexican intellectual.

Um, yea, they will have it.

Paid $14,000 cash for my Land Cruiser the other month

he's 9d chess with the gold markets

>knowing what gold reserves are makes you an intellectual in mexico
You can't make this shit up

>its the current year why do need something with intrinsic value.
said every leftist ever

His Juden friends need the gold before the market crash.

soros told him to

and he actually did it

Probably just had to feed him some bullshit like
"its just a shiny paperweight goy, sell it so you can feed these hungry refugees."

>they won't have it


are you mental?

Knowing what gold reserves are is not the same as understading why that would be considered "good" or "bad" or neither.
Sup Forums is still one of the dumbest boards by far, no one ever reads what they post and they just say wrong shit.

Because gold and its value can't be toyed with by Jewish banking cartels

Because it's the current year.

Have you never taken out large sums of money? Shit, I've seen cash withdrawal receipts for like 50k on the floor in TD.We're pretty poor but we aren't THAT poor user.

Is Canada the only country on earth which doesn't have any gold reserves?

you stupid

why is it good/bad pablo?

Actually it can, you guys are so so dumb holy shit.

To line his own fuckng pockets

The Trudeaus need to be all shot down to the children

oh canada, you didn't...Even after watching your neighbor make the same mistake? :(

cash/coin is about 3% of all Canadian money

What good is gold anyways? You can't eat gold. Gold can't keep you warm. Can't build a house of gold. It just shines and that is it. Might as well sell it to gain real resources.

>I have heard of these, how you say, gold reserve.

it's actually a common misconception that money you take out of the bank is money someone else put in. that's not how it works. New money is created all the time whenever someone borrows money. As long as the bank is willing and has the capital and assurance from the borrower it will create money out of thin air. The bank only needs a dollar of its own money to lend $20.

The wealthy will always desire gold

>they think we need a gold reserve

We have a maple syrup reserve. Seriously

So?

it will always have value

explain how you fucking retarded mexican. just because you post shitty reaction images and call people stupid doesn't mean you're a mexican intellectual

IDGAF if wealthy people want their gold digging wives to wear shiny metals.

We dont bother keeping reserves since we can mine a nearly infinite amount if we wanted to.

Are reserves are in the ground.

of course pablo is too stupid to back up his claims. you fucking pussy

That's quite an assumption. Eventually someone will figure out some means to turn a useless space rock into a more useful element. I've got no fucking idea how, but given sufficient time it is virtually assured it will happen.

Also, if asteroid mining ever picks up there will be enough gold floating around the solar system to reduce it's value down to next to nothing.

look at the homes of the extremely wealthy. All gold everything. The wealthy will always want gold

>because soros wanted it.

They may always wanted, but that doesn't mean it will remain valuable. Tin used to be more valuable than gold, and was considered a precious metal until better mining practices increased the supply of it, now it's virtually worthless.
The reason people like Trump garishly display it is it signifies wealth, if it no longer signifies that then its appreciation will diminish. Gold might retain some aesthetic uses, but if it's value drops due to increased demand then the rich may not want to decorate their houses with it.

>it will always have value

Not always, most of it's value is a social construction that thinks gold is valuable. I only value gold in terms of the value it has in dollars.

>At this point you have to ask "why have any reserves at all".

Because if the economy goes down the shitter, and we have another recession, the dollar will be fucking worthless.

Buying up gold when your base currency rate is relatively high is a good way to protect your purchasing power.

For example

>buy 1 ounce of gold for $1525cad
>economy busts
>recession sets in
>a month later that gold now costs $2100cad to buy
>you sell off your gold for $2100

If you want to order something online from a different country, it's not costing you more. Your purchasing power was protected from currency devaluation, by having invested in gold, which did no depreciate in value.

Platinum is how he rolls.

Like Diamonds… there are loads and loads of them, but the jews lock them all up to give the illusion of scarcity.

If DeBeers opened the vaults you could get diamonds for the price of rhinestones.

because its the current year

Wow Canadian banking is completely fucked hahahahaha

Jews want the gold, Jews do not want a gold reserve as it pegs a currencies value against gold prices. Currency fluidity is easier to manipulate and profit from.

t.forex trader.

Weak leader

>Are reserves
>Are

Jesus fuck, lets kill them all.

fractional reserve banking is pretty much the same in the US but on an even bigger scale because of the reserve currency, central banking is the same pretty much everywhere and yes its fucked

Actually even your life is controlled by Jewish bankers. It's not a matter of absolute truth, it's a matter of degrees. Bankers have less control over gold than they have over currency

That's ALL banking, little boy.

sell all your gold in the late 80's and 90's

now you are in massive debt at least Ontario is
importing tens of thousands of rapefugee invaders, pay for their welfare.

Canada is truly an enigma wrapped in a leaf

His the king of cucks

>at least Ontario is
>importing tens of thousands of rapefugee invaders, pay for their welfare.

Tens of thousands? Man, they want to up the annual immigration rate to 300k people each goddamn year. You can bet Toronto's going to get more than tens of thousands each year.

This is why.

Damage control. Capital flight.

The day Trudeau was elected everyone started pulling their investments out of Canada, not wanting their wealth to be redistributed... Canada went on a certain metric from like a surplus of 2.6 into a deficit of negative 7.8 - the lowest outlook for any country in the west and setting a record.

Just the other day on CBC I heard some guy talking about the Canadian economy saying they desperately need to attract foreign investment, but he conveniently failed to make the link between Trudeaus being elected by the fucking RETARDED Canadian people - and the flight of foreign capital.

> gold prices about to crash
> weed man sells chinadas gold
> gold prices crash
> weed man buys back gold at lower price and banks the difference
> gold bugs think it's a conspiracy that weed man is selling a non interest bearing metal that has been losing value for almost five years.