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Politics : Canadian Political Free-for-All
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From: Kitskid4/19/2025 12:00:24 PM
   of 37613
 
grok: Has the Bank of Canada been buying gold?

The Bank of Canada has not been buying gold in recent years. In fact, it sold off nearly all its gold reserves between the 1980s and 2016, reducing its holdings to zero by 2016. As of the latest available data, the Bank of Canada holds no gold in its reserves, focusing instead on foreign currencies, bonds, and other financial assets. There are no reports or official statements indicating any recent purchases of gold by the Bank of Canada. Posts on X have highlighted this lack of gold holdings, often criticizing the decision to liquidate reserves, but these reflect sentiment rather than evidence of new purchases.

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(Is google finished?--> Kitskid.)
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