TexasFreedom
A True Doomsday Prepper
https://www.zerohedge.com/markets/t...ell-their-cars-and-houses-buy-gold-while-lira
Apparently this has been brewing for a few years. 4 years ago, a lira was worth $0.30. Now it's under half that, or about $0.13. People are dumping their lira for gold. Not 'paper gold', but real gold coins & bars. And they are choosing that over US dollars.
Before you write them off, 100 years ago the same thing was happening. But back then Turkey was called the Ottoman Empire, and their dying action was World War One. And it was instigated by a financial failure that took about 50 years to culminate.
Apparently this has been brewing for a few years. 4 years ago, a lira was worth $0.30. Now it's under half that, or about $0.13. People are dumping their lira for gold. Not 'paper gold', but real gold coins & bars. And they are choosing that over US dollars.
Before you write them off, 100 years ago the same thing was happening. But back then Turkey was called the Ottoman Empire, and their dying action was World War One. And it was instigated by a financial failure that took about 50 years to culminate.