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BlackRock sells more than $470 million worth of gold as it focuses on silver

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Kitco News

(Kitco News) – The world’s biggest asset manager BlackRock is getting out of gold and into silver as it sold 2.7 million of its SPDR Gold Shares (GLD) and bought 1.18 million shares of iShares Silver Trust (SLV) in the fourth quarter of 2020.

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