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Trudeau selling gold for US Treasuries is coming back to haunt Canada with the announcement to sell our USTs (gold also outperformed 10-year US bonds since 2000) What will we sell USTs for? Gold at higher prices? Other currencies like the EUR? IMF SBRs? Or Bitcoin to hedge against trade wars, inflation, & CAD depreciation:
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I suspect at least some of it will go to buying CAD.
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