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Mexico Ramps Up Gold Reserves at Dollar’s Expense
May. 04, 2011 04:38PM PST
Precious Metals InvestingReuters reported that Mexico recently purchased $4 million worth of gold.
Reuters reported that Mexico recently purchased $4 million worth of gold.
The market news is quoted as saying:
The third biggest one-off purchase of gold by any country over the past decade took Mexico’s reserves to 100.15 tonnes — or 3.22 million ounces — by the end of March from just 6.84 tonnes at the end of January, according to the International Monetary Fund and Mexico’s central bank.
