Buying Gold In Turkey

The turkish government is a unitary parliamentary constitutional republic.

Buying gold in turkey.

Dollars jumped by 15 billion in the last three weeks rising to a record level of nearly 220 billion reuters reported last week. Hasan ayhan followed his wife s instructions last week and took their savings to buy gold at istanbul s grand bazaar as turks scooped up bullion worth 7 billion in a just a fortnight. Dollars last week as their local currency plummeted to new record lows against the u s. Currently sunning it up in icmeler at the moment.

Do you think im wise does anyone no if the gold is halmarked. Buying gold in turkey and selling in the uk. Local holdings of hard assets such as gold and u s. But even if the central bank only purchased a third of that 3 8 million ounces it would still rank turkey among the top two or.

Officials say the number may be skewed higher due to commercial bank deposits. Turkey has a population of approximately 80 000 000 making it one of the most populous countries in the world. Turkey is known officially as the republic of turkey. The country s largest city is istanbul while its capital is ankara.

According to a bloomberg report the turkish central bank added 3 8 million ounces of gold worth almost 5 billion to its reserves this year. Turkish citizens rushed to buy gold and u s.