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A comment on South Korean prosecutors say Do Kwon 'obviously on the run', asks Interpol help. Parent comment

Re:South Korean prosecutors say Do Kwon 'obviously on the ru... by Scoundreller on Monday September 19, 2022 @01:39PM (#32901428)
We could argue (and agree) that Canada isn’t major, but their central bank sold off their bullion gold reserves ~ 2 decades ago. And finished off its hodl of gold coins ~7 years ago.

https://www.kitco.com/news/2022-05-26/Gold-is-an-antique-ins...

https://www.cbc.ca/news/business/gold-canada-reserves-1.3443...

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Re:South Korean prosecutors say Do Kwon 'obviously on the ru... by lazide on Tuesday September 20, 2022 @12:55AM (#32907812)
Canada exports large amounts of gold - it’s one of their export commodities. 14B/yr typically.

You don’t need to stick it in a bank when you’re digging it up in a those volumes every year.

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Re:South Korean prosecutors say Do Kwon 'obviously on the ru... by ipaddr on Monday September 19, 2022 @03:27PM (#32902769)
Canada did it to increase diversity of investment "investing in financial assets that are easily tradable and that have deep markets of buyers and sellers"

The truth is probably based on the money they received from selling the gold as a retail coin

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