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El Salvador Acquires $50 Million in Gold to Diversify Investments
CryptocurrencyGold AcquisitionUpdated a day ago

El Salvador Acquires $50 Million in Gold to Diversify Investments

El Salvador has made a significant financial move by acquiring 13,999 troy ounces of gold, valued at $50 million, marking its first gold purchase since 1990. This strategic shift aims to diversify the country's reserves and stabilize the economy amidst ongoing Bitcoin volatility.

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El Salvador Pivots to Gold, Acquires 13,999 Troy Ounces for Diversification
PositiveCryptocurrency
El Salvador has acquired 13,999 troy ounces of gold as part of its strategy to diversify its investments. This move marks a significant shift in the country's financial approach.
Editor’s Note: This acquisition is important as it reflects El Salvador's efforts to stabilize its economy and reduce reliance on cryptocurrencies. By investing in gold, the country aims to enhance its financial security and attract more investors.

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