No Canucks spoke up on this C$ question, Rose, so this mexicano will take a crack at it since he does after all pay a lot of Canadian taxes;
I would say you could take the problems of the US$ and add at least 50%. What happened was that there was a great era of the British disease, of socialist zeal to spend now and think later, and a huge debt was run up. Some attempt has been made in recent years to reduce the resulting deficit, with some limited success even, but no way will we ever pay off the debt, it just hangs over us like the sword of Damocles. I think we owe much more than you americanos on a real value per capita basis. If your dollar is worth six cents, ours is likely worth about four. In the early seventies, the C$ was worth $1.05 US - look at it now.
Also in the early seventies - our central bank held about an ounce of gold per capita. Now after a long-term effort in both peddling gold and inflating the population, it holds about a tenth of an ounce per capita.
And they can't figure out what happened to the loonie.
This doesn't seem to me to make a great deal of sense for the world's premier mining and mine financing nation ... but then, mine is not to reason why ...
Well, we'll just have to handle it ourselves, as individuals, and buy physical as well as stocks. I don't know if that's better, but it's just the way it is. ...... Russ likely has some thoughts on this ...
.... Felicidades a todos en el d¡a Viernes Santo ........ salud, eh ...... marcos |
