Despite Dollar Access & Govt Crackdowns, Turks Are Sitting On $331 Billion Of Household Gold

Despite Dollar Access & Govt Crackdowns, Turks Are Sitting On $331 Billion Of Household Gold

Despite Dollar Access & Govt Crackdowns, Turks Are Sitting On $331 Billion Of Household Gold Authored by Peter Reagan via BirchGold.com, "The distinct Turkish tradition of "saving under the pillow" – a term referring to keeping valuables like gold at home – often comes into play during times of economic crisis, when the government calls on citizens to spend their savings to help revive the economy." The opening part of a recent report highlighti…

Türks, Indians and Chinese hold 100k tonnes of Gold under-the-pillow!! \ stacker news ~econ

Maybe the numbers look a bit exaggerated but think of the vast populations and traditional engagement with Gold in all three countries. I found a recent study about Türkiye and will try to decipher my views about China and India on the same. The distinct Turkish tradition of "saving under the pillow"—a term referring to keeping valuables like gold at home—often comes into play during times of economic crisis, when the government calls on citizen…

Turks Holding Large Amounts of Gold Under Their Pillows

Turks Holding Large Amounts of Gold Under Their Pillows The Turkish central bank estimates that Turkish households have more $311 billion worth of unregistered gold, most of it outside of the official financial system. Mike Maharrey Wed, 07/02/2025