Turkish Government Wants Their People’s Gold

Douglas French The Circle Bastiat 3/23/2012

Just one visit to Istanbul’s Grand Bazaar tells a visitor how Turks store value. The Turkish monetary authorities have a history of debauching their currency so Turks store their wealth in gold and rugs. There are 373 jewelers and 125 rug stores in the bazaar.

In 1966, one US […]