{"id":19671,"date":"2011-08-05T11:56:00","date_gmt":"2011-08-05T09:56:00","guid":{"rendered":"http:\/\/beta.next-finance.net\/news\/the-bank-of-korea-increases-its-gold-reserves\/"},"modified":"2011-08-05T11:56:00","modified_gmt":"2011-08-05T09:56:00","slug":"the-bank-of-korea-increases-its-gold-reserves","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/news\/the-bank-of-korea-increases-its-gold-reserves\/","title":{"rendered":"The Bank of Korea increases its gold reserves"},"content":{"rendered":"<p class=\"post_excerpt\">The bank of Korea revealed that it has purchased 25 tons of gold, allowing the country to almost triple its reserves of precious metals over the last two months&#8230;<\/p>\n<p><!--more--><br \/>\nThe gold reserves in South Korea have been significantly strengthened recently whereas the emerging countries are turning more and more towards investments in bullion.<\/p>\n<p> The Bank of Korea &#8211; created in 1950 &#8211; revealed that it has purchased 25 tons of gold, allowing the country to almost triple its reserves of precious metals over the last two months&#8230; <\/p>\n<p>Such purchases by the Korean institution amounted to 1.24 Billion and have been the first of this kind since 1997-1998, during the Asian financial crisis.<\/p>\n<p>South Korea is the latest country to focus on gold acquisitions. Many central banks are reducing their dollars investment and seeking to diversify their reserves.<\/p>\n<p>Thailand, Mexico, India, China and Russia have all purchased large quantities of precious metals in recent months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The bank of Korea revealed that it has purchased 25 tons of gold, allowing the country to almost triple its reserves of precious metals over the last two months&#8230;<\/p>\n","protected":false},"author":20,"featured_media":19669,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1809,1655,1954,1671,1744,1651,1746],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/19671"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=19671"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/19671\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/19669"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=19671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=19671"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=19671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}