Here is one country that will no longer be selling gold

Discussion in 'Market News' started by ForexLive, Feb 11, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Canada has now sold virtually all of its gold holdings One marginal seller of gold will be removed from the market in the very near future -- Canada. Reserve managers are notoriously bad market timers. Canada once held more than 1,000 tonnes of gold. They were halved by 1985 and then almost all of the rest of it was sold in the 1990s and 2002. Almost immediately after the Dept of Finance stopped selling in 2002, gold went on a remarkable run, gaining 525% through 2011.

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