Why Does Canada Have Zero Gold Reserves?

Описание: Beneath the streets of London lies the UK’s gold vault, the second-largest in the world. Over 400,000 bars sit quietly on wooden pallets, worth more than £200 billion — though most of it doesn’t even belong to Britain.

Foreign governments, like Germany’s Bundesbank, store their reserves here and in New York’s Federal Reserve, simply because moving half a million gold bars is, well, a logistical nightmare.

Although the gold standard is history, nations still hoard the stuff — not for spending, but as a shiny safety net. It props up economies, impresses investors, and secures loans. Everyone’s in on it — the US, Germany, France… except Canada, who sold off the lot and bet on the markets instead.

But gold’s not as pure as it looks. Much of it has changed hands through war, theft, and shady deals — from Nazi loot to Romania’s missing stash in Russia. So next time you see a gold bar, remember: it might be polished, but its past rarely is.