El Salvador Buys $50M in Gold, Boosting Reserves as Prices Hit Record Highs
El Salvador has expanded its reserve strategy by purchasing $50 million worth of gold, marking a 31.8% increase in holdings just as the metal set new all-time highs above $3,600.
President Nayib Bukele confirmed the move, with the Central Reserve Bank reporting that it acquired 13,999 troy ounces, lifting total holdings to 58,105 ounces valued at $207.4 million. The country continues to balance its diversification strategy with its Bitcoin treasury, which now totals 6,290 BTC worth nearly $698 million.
Economy Minister Maria Luisa Hayem reiterated earlier this year that Bitcoin accumulation remains a priority despite IMF pressure, framing both gold and Bitcoin as core to El Salvador’s long-term asset reserve strategy.
Clever Robot News Desk 8th September 2025
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