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Articles related to Turkey
 
Mark O'Byrne - gold.ie
Gold Sovereigns – ‘Treasure’ Trove Found In UK – Don’t Be The Piano Owner
Gold Sovereigns – ‘Life Changing’ ‘Treasure’ Trove Found In UK The gold sovereigns – semi-numismatic gold coins made up of both gold sovereigns and half gold sovereigns dating from the reigns of Victoria, Edward VII and George V – were discovered inside an old piano after it was donated to a school last year. A gold sovereign from that period is currently valued at between £200-250, with a half sovereign worth between £100-200. A pouch contains just a sampling of the 913 coins composing the hoar
Monday, April 24, 2017
Egon von Greyerz - Matterhorn AM
  If You Understand History and Economics, You Understand Gold 
by Egon von Greyerz How can ordinary people ever understand the importance of gold when they are continuously fed with false and distorted facts. The latest publication to publish false and ignorant propaganda on gold is the British weekly magazine the Economist. The article begins with a graph of gold starting in September 2011. Anyone who knows anything about gold recognises that this is the time when gold reached a peak of $1,930. Between 1999 and 2011 gold had gone from $250 to $1,930 which
Monday, April 24, 2017
Mike Hewitt - Dollar Daze
  Hyperinflation around the Globe 
Angola (1991-1999) Angola went through the worst inflation from 1991 to 1995. In early 1991, the highest denomination was 50,000 kwanzas. By 1994, it was 500,000 kwanzas. In the 1995 currency reform, 1 kwanza reajustado was exchanged for 1,000 kwanzas. The highest denomination in 1995 was 5,000,000 kwanzas reajustados. In the 1999 currency reform, 1 new kwanza was exchanged for 1,000,000 kwanzas reajustados. The overall impact of hyperinflation: 1 new kwanza = 1,000,000,000 pre-1991 kwanzas.
Sunday, April 23, 2017
Bullion Vault
Gold Bullion Slips Again from 'MAJOR' Hurdle of 2011 Downtrend as IMF Raises Global GDP Forecasts
GOLD BULLION priced in Dollars retreated on Wednesday from its second attempt in 3 days to break the 6-year downtrend starting at 2011's record peak, as world stock markets and commodities steadied after yesterday's drop amid a higher outlook for world economic growth from the IMF. Analysts at Germany's Commerzbank last week called the $1291 level, where gold's 2011 downtrend now comes in, "MAJOR resistance".
Wednesday, April 19, 2017
Bullion Vault
  Gold Prices Slip $10 After Breaking Downtrend as UK's May Seeks Brexit Mandate, N.Korea Threatens US
GOLD PRICES held $10 per ounce below yesterday's spike to new 5-month highs as London's bullion market re-opened for business after the long Easter weekend on Tuesday, trading at $1285 amid fresh geopolitical headlines, cited by analysts as driving this month's 3% gain to date. Gold prices have been "closing in on trend lines drawn from the all-time high in 2011...[now] at $1290," said French investment bank Societe
Tuesday, April 18, 2017
Andy Hoffman - Miles Franklin
April 23rd-A Potential Turning Point For The “99”
For the first time in the 15 years I have been in the Precious Metals space, I truly believe we are witnessing the “last days of the gold Cartel.”  However, we’re not there yet – as evidenced by the fact that despite a blizzard of PiMBEEB, or “Precious Metal bullish, everything-else bearish” headlines since markets closed for the three-day holiday weekend; from Friday’s horrifying March (and downwardly revised February) retail sales reports, causing the Fed to reduce its 1Q GDP estimate to just
Tuesday, April 18, 2017
Mish - Global Economic Analysis
Erdogan Wins Constitutional “Reforms”, Allowed to Rule Until 2029: Opposition Challenges Vote
With over 97% of the vote counted in the Turkey Referendum, the results are 51.4% Yes and 48.6% no. The alleged reforms grant Turkish President Recep Tayyip Erdogan tremendous say over budgets and the Constitutional Court. Eddogan can stay in power until 2029. Turkey, Constitutional Referendum: 97% counted Yes: 51.4%No: 48.6%#Erdogan wins. #TurkeyReferendum #Referandum2017 pic.twitter.com/WxmpEvnMij — Europe Elects (@EuropeElects) April 16, 2017 Erdogan proclaimed victory Sunday evening in
Sunday, April 16, 2017
Andy Hoffman - Miles Franklin
Marine Le Pen-The Potential Brexit Times 100
You want drama. ..and TRUTH?  Well, let’s start with this amazing, must see, three-minute 2009 clip from Ron Paul; or, as I deemed him five years ago, “America’s greatest man.”  Given what I discussed in Friday’s “did America just start World War III”; and yesterday’s “beating of the drums”; it couldn’t be more appropriate – as in it, he asks “what if” America’s foreign policy is misguided; and “what if” it continues down the horrifying road it appears dead set on taking. At this point, I have l
Tuesday, April 11, 2017
Andy Sutton
The Oil and Gas War in Syria – 4 Maps
Andy’s Notes; The Qatar-Syria pipeline is the one we discussed back in 2013. At that time Saudi Arabia had taken a pass on allowing the pipeline through its territory. The original plan was to take it through Iraq and Syria, with Damascus’ parallel refusal being the main hitch in the get-along. There are some very sensitive geopolitics and geoeconomics at work here. Rest assured the mainstream media hasn’t got even the slightest clue beyond the party line that shows up on their teleprompters. Tu
Tuesday, April 11, 2017
Jim Willie CB - Hat Trick Letter
Gold Standard Challenges
Scattered recent analysis has centered upon the Gold Standard and its viability within the global financial system. The topic is certainly very blurred and at times confusing. Consider a recent article by a competent analyst Charles Hugh Smith of the site OfTwoMinds on the practicality of gold used as a standard. The article is entitled “The Problem With Gold-Backed Currencies” (which is found HERE and also on Lew Rockwell site HERE). He makes several points, many good ones. In the Jackass opini
Saturday, April 8, 2017
Bullion Vault
US Airstrikes on Syria See Gold Investing Price Hit Post-Trump High, Makes 'Double-Top' on Weak Jobs Data
GOLD INVESTING prices twice jumped to $1270 per ounce on Friday, first as the US military bombed Assad-regime facilities in Syria after this week's chemical weapons attack on Idlib, and then as US jobs data said the world's largest economy added just 98,000 jobs in March. That saw the gold price for US investors touch its highest level since the day of Donald  Trump's victory in the White House election last November.
Friday, April 7, 2017
Mish - Global Economic Analysis
Deja Vu 2013: Likely False Flag Event has US Preparing for War with Syria; Proof Please!!
In 2013, the US was on the verge of war with Syria. Obama prepared for war but backed down when allies would not support the idea. Trump tweeted against the idea. Had Hillary won the election war was certain. Last week, Secretary of State Rex W. Tillerson said that Mr. Assad’s fate “will be decided by the Syrian people.” That is exactly how it should be. Unfortunately, Déjà Vu 2013 has arrived in yet another rush to judgment with absolutely no facts at hand. The New York Times reports, Worst C
Friday, April 7, 2017
Alasdair Macleod - Finance and Eco.
The decline and fall of the EU
This article identifies the headwinds faced by the EU in the wake of Brexit.Without the UK, not only does the EU lose much of its importance on the world stage, but the Commission’s budget is left with an enormous hole. That is the decline. The fall is well under way, with capital flight significantly worse than generally realised, as a proper understanding of TARGET2 imbalances shows. Not only is the ECB running out of options, but without major support from Germany, France and Italy, Brussels
Thursday, April 6, 2017
Adrian Ash - Bullion Vault
Turkey Targets 'Under the Pillow' Gold Again
Tries India's failed bonds & monetisation as bank-deposit gold buying falls... The GOVERNMENT of Turkey – formerly the 4th largest gold-buying nation – is targeting the country's huge private holdings with two new investment schemes aimed at releasing the value of this 'under the pillow' gold into the financial system. Bordering the European Union on one side and civil-war torn Syria
Thursday, April 6, 2017
Chris Powell - GATA
Gold imports surge as Turks heed Erdogan's call and vote looms
Turkish gold imports rose 17-fold to 28.2 tonnes in March, as Turks looking to hedge currency risk ahead of a referendum in two weeks time followed President Tayyip Erdogan's calls to buy gold instead of dollars. After the sharpest falls in the Turkish lira since the 2008 financial crisis last November, Erdogan called on Turks to sell dollars and buy lira or gold to prop up the local currency. Gold imports have been rising year-on-year ever since. "People have started opting for gold rather than
Wednesday, April 5, 2017
Chris Powell - GATA
Turkey to introduce sovereign gold bonds, gold lease certificates
Turkey's deputy prime minister, Mehmet Şimşek, announced that the government will add two new secure investment tools to the financial system -- gold-denominated bonds (sovereign gold bonds) and lease certificates (sukuk) denominated in gold in order to bring under-the-mattress gold into the economy. "With this important step that will further deepen the financial system, our citizens will get additional income from the idle gold they stockpile under their mattress, while the savings will increa
Wednesday, April 5, 2017
Chris Powell - GATA
Turkey to give central bank first option on buying domestic gold, sources tell Reuters
ANKARA, Turkey -- Turkey is taking steps to give its central bank the right of first refusal on domestically produced gold, two sources said, allowing it to boost reserves of the precious metal without depleting foreign currency holdings. Like other central banks, the Central Bank of the Republic of Turkey holds a mix of assets, including foreign currencies and gold, as official reserves. The International Monetary Fund has recommended that Turkey bolster its foreign reserves to shield itself fr
Wednesday, April 5, 2017
Alasdair Macleod - Finance and Eco.
Brexit triggered
And why Britain should succeed in the negotiationsThis is the week that Article 50 of the Lisbon Treaty was triggered, and the two years of negotiation between the UK and the EU commenced. Following this period, the UK formally leaves the EU. It is the first time a member state is leaving the EU, so the procedures are untested and the outcome uncertain. But it is not the first Brexit, as historian David Starkey has pointed out. Henry VIII gave similar notice to Rome and through several Acts of P
Thursday, March 30, 2017
BullionStar - Bullion Star
What sets the Gold Price – Is it the Paper Market or Physical Market?
The following article is arranged in Question and Answer (Q & A) format. Through the Q & A approach, this article raises some important issues about price discovery in the gold markets and aims to explain the view that the gold price is being set by the paper gold markets. BullionStar’s CEO Torgny Persson and precious metals analyst Ronan Manly are of the opinion that due to the structure of contemporary gold markets, it is primarily trading activity in the paper gold markets which sets the inte
Thursday, March 30, 2017
Mish - Global Economic Analysis
Monthly Macro Video Mish with Gordon Long
Roughly every month, but on no particular day or date schedule, I get together with Gordon Long to discuss the global macro picture. This month’s spotlight is on Europe: target2, elections, and Turkey but with a mix of discussion regarding the US and Australia. Mike “Mish” Shedlock
Monday, March 27, 2017
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