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Bolivia Cenbank Will Buy Local Gold to Up Reserves
Oct. 12, 2011 11:25AM PST
Precious Metals InvestingReuters Africa reported that Bolivia is increasing its gold reserves by purchasing from local miners.
Reuters Africa reported that Bolivia is increasing its gold reserves by purchasing from local miners.
As quoted in the market news:
The amount the central bank intends to purchase was not made public, although sources at Bolivia’s mining cooperatives have said the measure could initially involve about 2 tonnes of gold per year.
