What is Ottawa thinking?
What is going on up there? I ask Canadian readers or anyone with knowledge of the situation to advise what sort of insanity this is. I just found this out, and the first scary thought that comes to my mind is that maybe the government would plan to nationalize all the Canadian gold mines should a financial emergency come about. That contradicts my view of Canada being a safer location for gold mining investments.
Here is a partial list of global gold reserves. Canada is a major producer of gold and feels no need to hoard the stuff. I don’t like it if I’m Canadian, and I maybe also don’t like it if I’m an investor in Canadian gold mines.
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