Canadians have seen the value of the Canadian dollar drop 40% against the US dollar.

To illustrate how gold protects against central bank devaluation we have offered the following example:

Let’s say you had $1 million Canadian dollars in June 2014 when the CAD/USD rate was at par that $1 million Canadian would then be worth the equivalent amount in US dollars.

Today, that same $1 million Canadian would be worth $705,000.00 U.S.

Now, had you converted your Canadian dollars into gold in June 2014, today your gold would have roughly a Canadian dollar value of $1.4 Million Canadian; preserving your purchasing power and protecting you from devaluation.

– Rob McInerney, Bullion & Diamond Dealer, WWPM