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Bank of Korea To Buy 1 Ton Of Gold In First Purchase Since 2013

Bank of Korea To Buy 1 Ton Of Gold In First Purchase Since 2013 Add South Korea to the list of countries taking tentative steps to hedge their exposure to the US dollar, and fiat in general. The Bank of Korea will buy approximately one ton of domestically produced gold in December, worth 200 billion won, according to the office of Rep. Chung Tae-ho of the Democratic Party of Korea, a member of the National Assembly's Strategy and Finance Committee, on the 30th. The move, which follows indirect investment through ETFs in...
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