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Tuesday, August 2, 2011

Bank of Korea Buys Gold

According to the IMF, Bank of Korea is the fifth largest holder of international reserves.  Bank of Korea has purchased $1.24 Billion worth of gold over the last 2 months.  This is about 25 tons of Gold.

We are beginning to see more and more Central Banks joining in the GOLD bandwagon

So why are Central Bankers starting to buy gold? 
They are all preparing for the Falling US Dollar!

Have you bought your gold & silver?


1 comment:

  1. Bank of Korea is really doing a good job when it comes to investment. It's indeed very wise investing in gold.

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