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Nicaragua bets on gold to survive world crisis

Wednesday, August 10, 2011

\ Nicaragua believes that its gold production and a fall in oil prices will allow it to survive the renewed crisis in world financial markets.\ \ The crisis helps Nicaragua, a producer and exporter of gold, said Raúl Amador, a specialist in international stock markets.\ \ Thanks to high world prices, gold was Nicaragua’s number three export in the first half of this year.\ \ \ \ Original source (in Spanish): AFP\ \ \ \ \ \ \ \