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IPFS News Link • Precious Metals

Northwestern Mutual makes first gold buy in 152 years

06-02-2009 • Bloomberg

Northwestern Mutual Life Insurance Co., the third-largest US life insurer by 2008 sales, has bought gold for the first time in the company's 152-history to hedge against further asset declines. "Gold just seems to make sense; it's a store of value,"

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Reported By Jean Carbonneau

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Northwestern Mutual makes first gold buy in 152 years

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