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From: heinz44	8/1/2011 7:33:26 PM
	2 Recommendations Read Replies (2) of 312839

Bank of Korea buys gold for the first time in 13 years Dow Jones News is reporting this afternoon that the Bank of Korea has confirmed that it purchased 25 metric tons of gold between June and July of this year and now has gold reserves of 39.4 tons of gold as of the end of July. The move is noteworthy because it confirms a move towards diversifcation by a large Asian Central Bank away from the Dollar. While Korea is certainly not among the largest holders of gold in the world, (it ranks 45th in gold holdings according to the World Gold Council data), it indicates another Central Bank's desire to acquire additional gold. So much for the yellow metal being viewed as a "barbarous relic".

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