Canada and Norway Hold Zero Gold Reserves

Gold is becoming more important for central banks around the world because it helps protect against problems like inflation and political risks.

However, Canada and Norway are different.

They don't keep any gold in their central banks.

Canada is a big producer of gold but has sold all its reserves over the past 20 years.

Norway sold most of its gold in 2004.

Instead, both countries prefer to hold other types of assets that are easy to use, like government bonds.

Most other countries, like Poland and China, are buying more gold to add to their reserves.

The United States has the most gold reserves in the world.

This shows that different countries have different ways of managing their money.