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Turkey

Why Russia and Turkey Diversifying Into Gold May Signal A Bigger Global Shift

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Russia and Turkey’s moves out of U.S. debt and into the precious metal could be precursors of a bigger global shift. by Leonid Bershidsky of Bloomberg U.S. government debt and the world’s foreign exchange and gold reserves. Source: Bloomberg Since December 2017, Russia has cut its holdings of U.S. foreign debt by more than half. […]

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Turkey Uses Gold Bullion To Stabilise Its Currency And Economy

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by Simon Constable for Middle East Eye Turkey’s central bank has accumulated an additional 400 metric tonnes of gold since 2011 (Image via Wikimedia) Turkey’s economy has been in a tailspin with an inflationary currency, but the country is using something rare to help stabilise itself: gold. In late 2011, Turkey started to allow commercial […]

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Gold Surges To Record In Turkey and Other Emerging Markets as Currencies Collapse

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Turkey’s election angst, geopolitical risk and collapse of the lira is driving up demand for gold Turkish lira has collapsed versus gold and now the lowest on record (see chart) Significant demand for gold coins in Turkey and central bank has repatriated gold and added to gold reserves “Having the gold physically at home allows […]

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Gold Demand Falls In Q1 Despite Robust Central Bank and Investment Demand and Surging Demand In Turkey and Iran

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– Gold demand globally -7% in Q1, 2018 – Gold Demand Trends (WGC) – Gold ETF demand fell sharply year on year from very high levels but had 5th consecutive quarter of inflows – Investment demand was strong in the US where ETF holdings rose another 32.4 tonnes as “stock market volatility sparked US inflows” […]

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Weekly Briefing: Currency Wars – ECB Warns Re Trump, Russia and Turkey Buy Gold and BOE Bitcoin Warning

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Russian Central Bank Buys Gold 600,000 Ounces In January As Venezuela Launches ‘Petro Gold’ US-China Trade War Escalates As Further Measures Are Taken Bank Bail-In Risk In European Countries Seen In 5 Key Charts Bitcoin or British Pound ‘Pretty Much Failed’ As Currency?   News and Commentary Trump Currency Wars – ECB Warn (IrishTimes.com) Gold swings […]

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Turkey, Gold and the End of US Dollar Hegemony

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Turkey, Gold and US Dollar Hegemony Introduction Buy Gold and Lira, Sell Dollars To End “Economic Sabotage” – PM of Turkey Gold Imports to Turkey Surge 688% In December ‘Tough Turkey’ today Affinity for gold to save the day? Central bank gold demand Personal accumulation Country’s gold reserves Turkey Iran gold conduit Axis of Evil […]

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7 Reasons – Including Brexit – To Worry About the Global Economy In Charts

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a) Trade Uncertainty: Global trade has seen a sharp downturn in recent months b) Policy Uncertainty: Brexit, U.S., China & global economic policy uncertainty surges c) Financial Conditions: Financial markets are beginning to show signs of stress d) Dollar Strength: Greenback strength impacts emerging markets such as Turkey e) Economic Surprises: Economic data globally has […]

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London Property Slide Worsens With Biggest Drop Since 2009

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via Bloomberg – 3.8% fall y/y in Q1, the seventh straight decline in values – Nationwide – Nationally, U.K. real-estate market remains ‘subdued’ – Some of the weakness relates to Brexit as economic uncertainty impacts sentiment London continued to lead the U.K.’s weakening property market at the start of 2019, with prices falling the most since the […]

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Global Risks Increasing – Underlining The Case For Gold in 2019 (GoldCore Video Presentation)

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Global Risks Increasing – Underlining The Case For Gold in 2019 Video presentation by Research Director of GoldCore, Mark O’Byrne, on the strong case for gold due to increasing global uncertainty and risks. Topics, slides and charts considering – “Gold tends to increase in periods of systemic risk” – “Gold outperforms stocks and bonds in […]

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188 Internet Shutdowns In 2018 Show Why Physical Gold Is Ultimate Protection

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– Internet’s “off switch” increasingly used to curb political and economic freedom – Internet shutdowns were seen 188 times throughout the world in 2018 (see table) – Democratic India experienced 154 internet shutdowns in just 30 months – Technologically advanced EU countries Spain and Estonia experienced shutdowns – Gallup poll shows people more worried about cybercrime […]

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