by: xpoolPosted on:

El Salvador Diversifies Reserves with $50 Million Gold Purchase

El Salvador has made a significant move in its economic strategy by acquiring 13,999 troy ounces of gold for a total value of $50 million. This marks the nation’s first gold purchase since 1990 and reflects a commitment to diversification beyond its Bitcoin holdings. The central bank aims to balance its exposure to volatility with traditional assets like gold.

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