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Bucking global trend, S Koreans pile into gold

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Koreans see gold as a store of value and are estimated to hold around 800 tonnes in households and private vaults

Seoul

SOUTH Koreans are on course to buy a record amount of gold in 2015, worried that a meltdown in China's stock markets will destabilise South Korean equities and wanting to replenish a traditional store of value in an era of low interest rates.

In contrast to the weak demand in...

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