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Philippines' black market is China's golden connection

A gold trader uses a stone to classify the grade or value of a gold nugget.
A gold trader uses a stone to classify the grade or value of a gold nugget.Erik De Castro / Reuters

Reuters reports:

"Most of the gold is being smuggled out to Hong Kong, that's the biggest market," said Uy, a two-term governor whose family of Chinese descent partly owns one of the four most productive small-scale mines on Mount Diwata. Continue reading the full story.


A view of houses in the gold mining town of Diwalwal in Compostela Valley, southern Philippines.
A view of houses in the gold mining town of Diwalwal in Compostela Valley, southern Philippines.Erik De Castro / Reuters

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