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Saturday, June 26, 2010

World's central banks: Gold could be the most important asset to own for the next 25 years

Almost a quarter of central banks believe gold will become the most important reserve asset in the next 25 years, according to an annual poll by UBS.

The result highlights the sea-change in attitudes in the official sector towards the yellow metal.

For two decades central banks were net sellers of gold but that trend has reversed as...

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