the thing with canada, is that we have $1.2 in unfunded liabilities. when the baby boomers retire, there is no way we can pay for the healthcare costs and pay out all the retirement packages... so we will have to print money and inflate our currency a lot in order to pay for all our social programs and government obligations.
so in the long run, i expect our dollar to lose a lot of value, or collapse... the question is how long do we have? if the US currency hyperinflates, what will happen to our currency? i don't know.
but from what i know about the North American Union and the Amero, they will probably also crash the canadian dollar along with the american dollar.
but i also know that a lot of people are very bullish on the canadain dollar because it is viewed as a commodity currency.
so i think there are too many variables to say anything for certain. i do know that the canadian economy and currency is in better shape than the US economy and US dollar... but that's not really saying much.
the danger is that if we see a run on the banks, or hyperinflation in the US, Canadians may panic also, causing a run on our banks.
but when the US dollar collapses, people all around the world may begin to question the value of their worthless paper currency also, so you may see a global flight to gold and out of all paper currencies.
but i would definitely get a good chuck of your money into gold asap. there is no point in procrastinating because gold will probably be heading higher over the next few weeks and months. and if you wait too long, you may not even be able to find anyone willing to sell their gold. silver is already very hard to find... so turn you canadian dollars into gold asap.
but i have a feeling that our central bankers will try to keep our currencies at par so that it does not disrupt economic trade with the US... but hopefully during a full out US dollar collapse, we would be forced to let our currency rise.
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