| New York investment bank Goldman Sachs has picked up 466,000 ounces of gold from cash-strapped Ecuador. According to the South American nation's central bank, Goldman acquired 1,165 gold bars, worth roughly $580 million at today's ruling price.
Ecuador under socialist President Rafael Correa is seeking sources of cash "after borrowing more than $11 billion from China since defaulting on $3.2 billion of foreign debt five years ago," reports Bloomberg...............................................Full Article: Source
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