Monday
At first I laughed when I watched this fellow interviewed. David Dodge believes that the international monetary system is sufficiently ‘robust’ that Canada does not need to hold gold.
So Canada’s gold, all of it, was used to invest in paper money!
Then I stopped chuckling.
Obviously, confidence in the international monetary system is not the real reason that Canada no longer owns any gold. Why did Canada really have to forfeit all its gold?