So the Canadian gov sold all the gold cuz people believed in the government and expect them to make good economic decisions which will never hard the $CAD?

Yes and an ounce of gold has kept on rising Against the dollar it was around $21 or $34 in 1971 and it's over $1000 now

Actually it's just opposite the value of gold has risen and is at ATH rn while the USD is at ATL

Actually it's just opposite the value of gold has risen and is at ATH rn while the USD is at ATL

Pretty reasonable while looking at the ups

Yes holding usually costs the printable made-up currency

What's the point in having 4% guaranteed income while inflation is 7% while gold stays neutral an ounce of gold is still an ounce of gold and usually if gold loses it value it recovers and everyone is fine but if the dollar starts gaining it's old value(deflation) everyone loses their shit

Cuz gold is finite and dollar ain't I mean the dollar is gonna be totally useless when you are trying to trade with someone who doesn't accept the dollar and gold is accepted by everyone u can easily exchange gold for the currency of that nation but there are country which will not accept the dollar

But the paper is not gold right? Wouldn't it be better to hold like the real thing cuz it's more real..?

But it takes a lot of time to mine cuz it involves a lot of things and will that not create a problem when there is need of gold