RE:Bank of Canada holds paltry $140 million in gold reserves..
If the West is really facing a reset of their currencies and a new Reserve Currency, then the last thing TPTB want is the discipline of a gold standard. They have been incredibly successful using fiat and will not want to give up an all fiat standard, perhaps an SDR. How can they convince the Western World to stay with fiat? ------YOU SELL ALL OF THE GOLD THAT YOU HAVE BEEN “SAFEKEEPING” FOR THOSE COUNTRIES. If the west has no gold left they most certainly will not want a gold standard. This would be especially true if gold rocketed to $10,000.00, and became unobtainable for most countries. If only China has gold, who will want a gold standard besides China? Throw in a new cold war with the East, and the SDR is a slam dunk! A cold war also presents an opportunity to demonize gold bugs as being unpatriotic.