Yahoo! Philippines News - Latest Philippines News & International News Headlines: Smugglers control 95% of Philippine gold trade

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Smugglers control 95% of Philippine gold trade Nov 20th 2012, 04:10 Manila (Philippine Daily Inquirer/ANN) - The local gold trade is now almost completely in the hands of black market operators and the Philippines' central bank-the agency tasked with buying the precious metal from miners-is completely powerless to stop it.

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