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 Pan American Metals of Miami says Gold's Safe-Haven Status Remains Secure- Pan American Metals of Miami says Gold's Safe-Haven Status Remains Secure
- November 01, 2011
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Central banks taking advantage of corrections to buy more gold.
MIAMI, FL - Gold's correction in September attracted large-scale buying by the central banks of some emerging economies. Bolivia, Kazakhstan, Tajikistan and Thailand all added substantial amounts to their gold reserves during the recent dip. This reversal of the more traditional trend, suggests that central banks are sharing the growing distrust for paper currency. It is also likely that any future reduction in price will produce a flurry of buying, pushing the price back up again.
Additiona...
- View more at: http://www.1888pressrelease.com/pan-american-metals-of-miami-says-gold-s-safe-haven-status-r-pr-346670.html
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