Turkey Announces a Series of Gold Initiatives.
President Tayyip Erdogan call on citizens to buy gold.
Turkish gold imports soar.
Turkey to increase gold mining production.
Turkey introduces gold monetization scheme.
Turkey to boost gold reserves.
Turkey and Gold
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Gold vs the Turkish Lira
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Turkish Gold Mining
From the Turkish Gold Mining Association: Turkey is Europe’s largest gold producer. Turkey produced about 200 tonnes of gold from 2001-2014 from seven mines in the country. Turkey aims to hit 50 tons a year in gold prodution. Turkey has 800 Tonnes and predicted resources of 5,700 Tonnes (TGMA 2014). Turkey’s gold mining sector has grown consistently over the past 10 years and now leads production in Europe.
Turkish Gold Imports
Turkish gold imports are soaring as Erdogan has “called on Turks to sell dollars and buy lira or gold to prop up the local currency.”
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Turkish Gold Reserves
According to Reuters, the IMF has recommended that Turkey increase its foreign reserves.
Click To See The Top Forty Gold Holding Nations
Turkish U.S. Treasury Reserves*
Turkish Gold Plans
Turkish Gold Monetization Scheme
Turkey to offer sovereign gold bonds and gold lease certificates
Turkish central bank to get first option on buying domestically mined gold
Turkish central bank to get right of first refusal on Turkish gold production
Islamic World Gold Plans
Why Islamic Finance Is Set to Transform the International Gold Market
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Compare Pricing and Shipping on American Gold Eagle Coins
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
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*The U.S. Treasury notes that the data in its chart of Major Foreign Holders of U.S. Treasury Securites that the data is “collected primarily from U.S.-based custodians and broker-dealers. Since U.S. securities held in overseas custody accounts may not be attributed to the actual owners, the data may not provide a precise accounting of individual country ownership of Treasury securities.
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