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Turkey's Election Angst Is Driving Up Demand for Gold Coins

Bloomberg
By Cagan Koc , Rupert Rowling , and Eddie van der Walt



With just a month until elections, shopkeepers at Turkey’s biggest bazaar say they’re seeing a jump in demand for gold coins.

“Turkish people have an interesting behavior -- they buy gold when the prices are rising, they think it’s gonna rise more,” said Gokhan Karakan, 32, who runs a gold exchange office in the heart of Istanbul’s Grand Bazaar. “People think there is a trend here and choose to buy gold until uncertainty is out of the way.”

https://www.bloomberg.com/news/articles/2018-05-25/turkey-s-election-angst-is-driving-up-demand-for-gold-coins

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