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Turkey gold coin

Turkey to Bring Home All Physical Gold

We’ve seen Venezuela, Austria, Germany, Hungry, and the Netherlands all repatriate their physical gold lately. According to the latest Fed data, gold stored at the NY Fed has dropped to a record low of 7,819 tons. 15.5 tons withdrawn between Jan-Feb 2018 alone. And the gold keeps leaving. As of this morning we can add Turkey to the list. Turkey’s Yeni Safak reports that their government has decided to bring home the gold, and deliver it to the Istanbul Stock Exchange. This isn’t the first time Turkey has asked. In recent years they have brought home over…Read More

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