News Summary

• For many Turkish savers, physical gold is still a safe way to protect their money from inflation and economic uncertainty.
• Finance Minister Mehmet Şimşek has said that about $640 billion in gold and foreign currency is held outside the financial system.
• Historically, gifted gold used to serve as financial insurance for wives who did not work outside the home.
• On the right is a 1-gram gold piece, which was introduced in 2016 as a more affordable way for people to buy gold.