Turkey’s Appetite For Gold Increases As Lira Plummets

Via SchiffGold.com, Turkey’s love affair with gold has had a major impact on global gold flows, especially through the first half of 2023. Turks have historically held a lot of gold, both in jewelry and investment form. The country ranks as the fifth-largest gold market in the world. But with recent economic turmoil in the country demand for gold has exploded. According to the World Gold Council, Turkish demand for gold bars and gold coins increased five-fold during the second quarter of this year, pushing total demand to a record 98 tons…