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El Salvador Pivots to Gold, Acquires 13,999 Troy Ounces for Diversification
El Salvador Pivots to Gold, Acquires 13,999 Troy Ounces for Diversification
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BTCCSquare news:
El Salvador has bolstered its Gold reserves by acquiring 13,999 troy ounces, following a global trend of central banks diversifying away from traditional fiat currencies. The purchase brings the nation's total gold holdings to 58,105 troy ounces, valued at approximately $207.4 million.
This strategic MOVE aligns El Salvador with other gold-accumulating nations like China, Turkey, and India. The diversification reflects growing institutional skepticism toward fiat systems and a broader shift toward hard assets.
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