What Is Canadian Money Worth In Bitcoin January 3 2017?
I wrote "Canadian Loonie Loses 50% of its Value Since August" the other day,
I wondered earlier if I should buy more Bitcoin today.
Is 2017 the year of the Bitcoin?
You can see Canada's Loonie has lost 50% of its value since August.
Today CTV is comparing Bitcoin to Gold even though CTV once stated in the past it doesn't know what Gold is backed by ( unlike the US dollar which is backed by the Federal Reserve).
"The country's holdings in the precious metal peaked in 1965 at 1,023 tonnes or about 32.9 million ounces, according to the World Gold Council. But in recent years, gold has lost its lustre for the federal government, which on Thursday announced it was left with 77 ounces in official reserves -- less than a quarter the size of a gold bar." ""The decision to sell the gold was not tied to a specific gold price, and sales are being conducted over a long period and in a controlled manner," Finance Department spokesman David Barnabe wrote in an email to CBC News. "
$ Canada's gold reserve sell-off makes sense: experts
$ Canada sells off most of its gold reserves
I am one of the dues paying members suing the Feds here in Canada to get our money system back into the hands of the people -- look up this
www.COMER.org
and ask why there is no media coverage of this? It's made it to the Supreme Court of Canada
UV for you and it took a little baby bump when I did lol.
I am learning a lot of crypto stuff but I remember for a fact, I was one of the only people who wrote about on SM the day that Canadastan here sold off all our gold --- I am still frankly shocked by it -- but those "in power" all have agendas behind the scenes which really usually have nothing to do with the well being of this nation.