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Dollars and Sense

November 7, 2012
Williamsport Sun-Gazette

There seems to be a lack of coverage of the major players and countries buying vast reserves of gold. According to the World Gold Council, Russia has more than doubled its gold reserves in the past five years. China, another major world player, bought North Korea Gold Reserve while South Korea increased gold reserves by 30%. Vastly increasing gold reserves is not only the current motto of foreign countries, wealthy American businessmen are doing the same thing. Billionaires George Soros and John Paulson are now in the gold market.



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