Thursday, September 27, 2012

China Buys North Korea Gold Reserves as South Korea Increased Gold Reserves By 30% (16 Tonnes); Paraguay Buys First Time

The IMF reported that various countries continued diversifying into gold in July, some significantly.

South Korean gold reserves rose a sharp 16 tonnes for a 30% increase in total gold reserves.  
Paraguay became the latest central bank to begin diversifying into gold. Their gold reserves rose sharply - from a few thousand ounces to over 8 tonnes.

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