“Gold is often hailed as a hedge against inflation. Canada is currently the only G7 nation without any official gold holdings.”

by Brad Salzberg

bradsalzberg.substack.com

December 2, 2023

“The former director of the Canadian Security Intelligence Service(CSIS) has calling on the Liberal government to scrutinize the recent takeover of a Nunavut[Canadian] goldmine by a Chinese state-owned company.”

TMAC is among a number of Canadian companies bought up by state-owned Chinese corporations. In March 2020, the Trudeau government permitted Continental Gold to be purchased by China’s state-controlled Zijin Mining for $1.3 billion dollars.

Richard Fadden, head of CSIS from 2009-2013, told the Globe and Mail that the federal government should “keep Canada’s national security interests in mind when examining the purchase.”

“I think gold is pretty important for the world economy. China has enough of a grip on the world economy as it is, given its capital assets, so I would include gold.

According to Fadden, “the intelligence community has been increasingly worried regarding China’s investments in Canadian companies which skirt regulation.”

“Ottawa Sells Off Almost All Its Gold Reserves, Leaving Just 77 Ounces — Or Less”

“Unlike other countries, Ottawa has been selling off its reserve of gold bullion and coins.”

Read More HERE

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2 COMMENTS

  1. Yes you are right, how much have that went to the corrupt politicians, I would take a guess and say it all went into the sleazy pockets of the corrupt politicians. The dirty cockroaches should be all be thrown in a hole and left to rot.