Invest Offshore

Tag: Gold Reserves

  • Here’s Why Canada Has No Gold Reserves

    Here’s Why Canada Has No Gold Reserves

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    by

    Aaron
    in

    Canada’s gold reserves stand at a stark, embarrassing zero, a glaring anomaly for a nation historically steeped in gold mining and resource wealth. This is the legacy of Mark Carney, former Governor of the Bank of Canada, whose tenure epitomized misguided monetary policies, strategic blunders, and economic shortsightedness. A Legacy of Mismanagement Under Carney’s leadership,…

  • US Gold Market Infographic

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    by

    Aaron
    in

    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical gold is actually exchanged between COMEX trading participants, and gold inventories maintained in COMEX vaults in New York are…

  • A Look at the World’s Gold Reserves

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    by

    Aaron
    in

    Currencies are backed up by gold as a form of security and used as a guarantee of payment. Although the gold standard was abandoned long ago, governments still have confidence in the precious metal and its worth has actually increased in the 21st century. History of Gold Reserves Although having no major chemical use, man…