Guyana gov’t mulling how to handle surplus gold
May 03, 2013
THE South American country of Guyana is trying to decide what to do with a large quantity of gold it bought from local miners when demand was high. President Donald Ramotar said Saturday that he will meet with advisers to determine when it's best to sell the gold following a recent fall in prices. He declined to say how much gold the Guyana Gold Board had bought from local miners, but miners' association spokesman Tony Shields puts the number at 60,000 ounces. He says the association warned the government about dropping prices.
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