Submitted by XSauravX t3_ztz1y9 in explainlikeimfive
croninsiglos t1_j1gdw4l wrote
Reply to comment by XSauravX in Eli5 Why did Canada get rid of it's all gold? by XSauravX
How much did it cost you to house that gold, pay salaries for security, etc?
Due to inflation, the cost in gold is more and more for the same goods, because you still need to convert to the dollar.
XSauravX OP t1_j1ge23i wrote
Pretty reasonable while looking at the ups
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