2025-12-28 00:24:07

A Look Back at Canada's Gold Policy: 1965 vs Today

Back in 1965, Canada's gold reserves were valued at $1.15 billion. Fast forward to now—if those same reserves were still held, they'd be worth approximately $149 billion. But here's the catch: Canada sold virtually all of it.

This move makes Canada a unique outlier among G7 nations—it's the only one currently holding zero gold in its vaults. While other developed economies maintained their precious metal reserves as a hedge against economic uncertainty, Canada went a different route, liquidating its entire gold position over the decades.

It's a compelling case study in long-term asset strategy. What was seen as a reasonable financial decision at the time has left Canada with significant opportunity cost as gold's value trajectory tells a very different story today.

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NFTRegretter

· 9h ago

Sold out of gold, now crying over the opportunity cost of 15 billion USD, truly incredible. Canada must have been really short on money back then, to have raided all their reserves. All other G7 countries were holding onto their gold, only Canada was completely empty-handed, unbelievable. This is the cost of short-term thinking; at the time, it probably seemed very clever. In plain terms, it was a bad gamble; no one could have predicted that gold prices would rise like this. Canada really serves as a cautionary tale now, and it's too late to regret.

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PrivacyMaximalist

· 9h ago

Canada's move this time is truly incredible. Missing out on 14.9 billion with just 115 million invested—how regretful must that be? This is what you call the cost of policy decisions. Back then, they thought it was no problem, but now they're eating their words. Among the G7, only Canada is so bold to completely clear out, while other countries treat gold as a safe haven. It's the opposite approach. Even after selling for so many years, they're still struggling with it. Honestly, this example clearly shows future generations the pitfalls of long-term strategy. By the way, those decision-makers at the time probably didn't expect gold prices to rise this ridiculously.

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UncommonNPC

· 9h ago

NGL, Canada's move this time is really amazing. Losing 14.9 billion USD just like that... How regretful must they be? --- Wait, among the G7, only Canada has zero gold reserves? How little do they think of gold haha --- 115 million turning into 14.9 billion... If this happened now, they would definitely be criticized to death. What were they thinking back then? --- So, is long-term holding really that important? It seems Canada is now kicking themselves hard. --- This is a perfect live example of a decision-making mistake. One wrong call can ruin a lifetime. --- Institutional investors probably find this case hilarious. A lesson of losing 14.9 billion for free.

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