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22.07.10, João Maria Condeixa
Gold makes dead portuguese dictator top investor
Former dictator Antonio de Oliveira Salazar might have been remembered as Portugal’s best investor had central bank rules allowed the country to benefit from his shrewdest trade: Europe’s biggest gold pile.
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The 382.5 tons of gold that Portugal holds are valued at about $14.7 billion, or 6.8 percent of GDP after converting into euros[...]Portugal had 866 tons of gold in 1974, when the dictatorship of Salazar and his successor Marcelo Caetano ended. (...)