2010-08-26 — bloomberg.com
The Bank of Korea, which has shunned adding gold to foreign-exchange reserves, is “under pressure†to consider purchases as the global economy worsens and the price advances, Shinhan BNP Paribas Asset Management Co. said... “The global economy is taking a turn for the worse,†Oh said yesterday in an interview. “The declining values of the dollar and the euro, coupled with an economic downturn, mean the Bank of Korea should find other alternatives to invest. There are not many options,†Oh said, without forecasting gold prices.
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