Canada sold every ounce of its gold—then loaded Canadians with debt and risk. Here’s the timeline, the names, and the cost.
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Update: Canada gold reserves, from a 1965 peak to zero—Canada lost $200 Billion—The bill Canadians still carry
BySylvain Faust
January 17, 2026
A 1 troy ounce .9999 fine gold bar in an assay card—roughly the size of Canada’s final “official” gold holding - Photo: Sylvain Faust
BySylvain Faust
Sylvain Faust is a Canadian entrepreneur and strategist, founder of Sylvain Faust Inc., a software company acquired by BMC Software. Following the acquisition, he lived briefly in Austin, Texas while serving as Director of Internet Strategy. He has worked with Canadian federal agencies and embassies across Central America, the Caribbean, Asia, and Africa, bringing together experience in global business, public sector consulting, and international development. He writes on geopolitics, infrastructure, and pragmatic foreign policy in a multipolar world. Faust is the creator and editor of Fliegerfaust, a publication that gained international recognition for its intensive, "insider" coverage of the Bombardier CSeries (now the Airbus A220) program. His role in the inauguration and the program overall included: Detailed Technical Reporting: He provided some of the most granular technical and business analysis of the CSeries program during a period of significant financial and political turmoil for Bombardier. Advocacy and Critique: Known for a passionate yet critical approach, his reporting was closely followed. LinkedIn: Sylvain Faust
