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Opinion
Stephen Mihm

Why Canada Is Dumping Gold -- and China Isn’t

It's a little bit about money. It's mostly about power.
Old hat.

Old hat.

Photographer: Michal Cizek/AFP/Getty Images

Canada, home to some of the world’s largest gold-mining companies, recently announced that it had effectively liquidated all of the country’s holdings of the shiny metal and is moving to what a government spokesperson described as “easily tradable” assets.

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