Express
El Salvador Joins Gold Rush, Increases Gold Reserves for First Time Since 1990
Summary: According to reports from sources, the Central Bank of El Salvador announced on September 5th the purchase of 13,999 ounces of gold, worth $50 million. This increase raised its gold reserves from 44,106 ounces to 58,105 ounces, valued at $207.4 million. El Salvador stated that the purchase of gold is part of the country's strategy ...
According to reports from sources, the Central Bank of El Salvador announced on September 5th the purchase of 13,999 ounces of gold, worth $50 million. This increase raised its gold reserves from 44,106 ounces to 58,105 ounces, valued at $207.4 million.
El Salvador stated that the purchase of gold is part of the country's strategy to diversify its international reserves. The central bank of the country believes in gold and sees it as a global strategic asset. Previously, El Salvador had been focusing on increasing its holdings of Bitcoin.
Tags:
Link: El Salvador Joins Gold Rush, Increases Gold Reserves for First Time Since 1990 [Copy]
