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Thursday, September 27, 2018

As Economy Tanks, Indonesians Turn to Gold

The Indonesian stock market has plunged nearly 7% this year. The country’s currency, the rupiah, has fallen 9%, and is at its weakest level since the 1998 Asian financial crisis. Bond yield have soared. To weather the storm, Indonesians are buying gold.  Indonesia ranks as Southeast Asia’s biggest economy, but like many emerging markets, it […]

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