Mexico Ramps Up Gold Reserves at Dollar’s Expense

- May 4th, 2011

Reuters 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.

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