South Korea's Central Bank Says May Buy Gold In The Mid To Long-Term
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South Korea's Central Bank Says May Buy Gold In The Mid To Long-Term Back in 2011, around the time gold hits its previous cycle high, South Korea surprised the fiat world when it revealed that it had spent more than a billion dollars in its first gold purchase in more than a decade, as uncertainty about global growth and sovereign debt push central banks around the world to diversify foreign reserves. It then proceeds to buy a lot more gold (relatively speaking) for the next year...

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