Turkey is hit by a terrible economic crisis. At the same time, the country has to cope with political instability, a property boom, and high debts. This makes it not that strange that the Turkish Central Bank has increased its Gold imports. Not a tiny bit, they tripled it.
The Turkish economy is heading towards a major recession and a pure and full economic collapse. The reason is easy: they are doing exactly the same what led to the crisis of 2007/2008 in the west.
There is a major property boom,
The economy is facing a slowdown,
Actual the Turkish economy is just an accident that’s ready to happen. Something might trigger it. something big, or something small.
There is a major risk engaged in the case of Turkey. There is the risk of American sanctions against Turkey. Turkey is a NATO member and it is a major trading partner of Iran. By doing this Turkey violates several international sanctions, including sanctions against the United States.
Turkey has the political risk of being excluded out of the Dollar system. It’s the choice of the American President. The question is easy: will President Trump put his money where his mouth is, or will be being stuck in the swamp by allowing Turkey to keep trading with Iran?
The other reason for sanctions are the strong ties this country has with Islamic inspired terrorism. The country has strong ties with the so-called Islamic State, supports military actions in Kurdish Iraq.
Due to this, we can only have one possible outcome: the economy of Turkey will collapse. This means a major problem for the people living there. But it also means great profit opportunity for you. Are you going to do what the Turkish Central Bank is doing and are you harvesting Gold? Or will you leave Gold and the secure basis it is outside of your control?