It's Probably Nothing

Could explain why Harper's wife liquidated all their holdings at the end of 2012. But in any case, Canada doesn't have a problem repatriating our Strategic Gold Reserves. The 2 greatest Economic Genius's in the history of Canada. Paul Martin and Jean the Cretin, sold off all of Canada's 700 Metric Tonnes of Gold Reserves for around 250$/oz. And the msm still have not reported this and still call them economic genius's. The Great Unravelling is gathering steam.

When does Bernanke break the news to them that there is no gold?

Not quite all the liberals fault. At it's peak in 1965 Canada had roughly 33 million oz of gold and in 1992 when the Libranos took over it was already down to 10 million and they took it to the current level of less than 110,000 oz. At $1677 / oz that's an over all $55 billion loss and the Libranos $16 billion of that. When I say loss that's strictly nominal regardless of the original purchase price.

Sorry Dan you are wrong unless you know more than the IMF records show. And it is an international obligation for all states to report all gold holdings and sales yearly to the IMF. They show 700 Metric Tonnes in 1992 and 30,000 oz left by the time Harper took over. Who was in charge in this time frame. Oh that would be The Cretin and Martin both flunkies of PowerCorp and Desmarais.

Remember back in the 1970's when a lot of European countries wanted to convert their US dollar reserves into gold?

Gold was running around $30 US/ounce then. Nixon closed the gold window and renaged on the Bretton-Woods agreement. Rumours at the time were that there was no gold left!

History seems to be repeating itself.

The German Bundesbank has ordered the repatriation of its gold held in US and Paris banks - but it's probably nothing

Meanwhile, China has been buying up all the gold it can get. Watch for them to supplant the US Dollar as the world reserve currency in the years ahead.

They're not perfect; they're still corrupt and authoritarian, a lot of their economic growth is suspect (Google 'China ghost cities'), and social unrest is postponed only as long as the good times keep rolling.

But they have factories and skilled workers that actually PRODUCE STUFF (environmental destruction and slave wages aside). By comparison, the West has been off-shoring our tools and brains for years, hollowing us out economically. Credit default swaps, collateralized debt obligations, and other financial chicanery are, at best, a sugar rush to the meat-and-potatoes of actual productivity; try to sustain yourself on the former, and you'll have a lot of energy at first, but you'll eventually crash like an emaciated heroin junkie. As for skilled workers? Expensively 'educated' Navel-Gazing Studies graduates have little to no economic value. Hell, I'd rather import and employ (at first-world wages) illiterate third-world peasants, at least they've picked up actual work skills that can be further honed.