Turkey repatriates their gold

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more. You can visit the forum page to see the list of forum nodes (categories/rooms) for topics.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

pmbug

pmbug

Your Host
Administrator
Benefactor
Messages
15,949
Reaction score
5,515
Points
268
Location
Texas
United-States
Turkey’s Central Bank has transferred its gold reserves stored in the US Federal Reserve System to Turkey, Turkish media reported April 19, citing sources in the government.

The total volume of the gold reserves of Turkey’s Central Bank stored in the US was 220 tons.

Other Turkish banks, Ziraat and Vakifbank, have also started transferring a gold reserve of 95 tons from the US to Turkey.
...
Click to expand...

https://en.trend.az/business/economy/2889996.html

Who's next?
 
Might be safer for smaller countries to store their gold in Zurich or Singapore cos Uncle Sam seems to have a need for physical ( probably the main reason for the flip flop in pulling out of Syria ) and happy to create an argument / pretext to justify bring some 'democracy' to that small country.......
 
You must log in or register to reply here.
Back
Top Bottom