ARGENTINA added to its gold reserves for the first time in nearly six years in September last year as the price hit record highs, mirroring the trend among emerging-country central banks to diversify further from paper currencies such as the dollar.
Data from the International Monetary Fund (IMF) yesterday showed Latin America's third-largest economy added seven tons of gold to its holdings, bringing its reserves to 61,74 tons in September last year, when the spot gold price hit record peaks of $1920,30/oz.
25 April 2012
Countries prefer gold to paper
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