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The Turkish people cede to their President's will in dumping dollars to buy physical gold

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The Turkish people cede to their President's will in dumping dollars to buy physical gold


Last week the World Gold Council reported that for the first time in a long while, the Germany people were moving strongly into the physical gold market. Now on Nov. 15, that same body is reporting that Turkey is right behind them in privately run purchases of gold bullion.

Earlier this year Turkey conducted a geopolitical shift away from the West and more into Russia's camp due to a failed coup attempt on President Erdogan's life, as well as over which side the U.S. was standing with in the Syria conflict. And as one of the financial gambits the Turkish leader called for on the economic front was for his people to start dumping their dollars and instead buy gold as wealth protection.