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 Pan American Metals of Miami says Increased Buying by Central Banks is Supporting Gold- Pan American Metals of Miami says Increased Buying by Central Banks is Supporting Gold
- November 20, 2011
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Some central banks have dramatically increased their gold reserves.
MIAMI, FL - There has been an increase of more than 500% in gold buying by central banks during the third quarter of this year compared with the same quarter last year. It is not known which countries' banks are the main purchasers but China and India are the favorite suspects. Emerging economies, particularly in Latin America and Asia, have been buying gold at unprecedented rates. This alone is enough to drive up the price and ensure a continuing bull market for the yellow metal.
According ...
- View more at: http://www.1888pressrelease.com/pan-american-metals-of-miami-says-increased-buying-by-centra-pr-351800.html
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