UBG - In A Major Development Of Gold Transitioning Into A Currency The Turkish Treasury Makes A Big Move

Gold Fundamentals

In a major development of gold transitioning into a currency, the Turkish Treasury offered 25.7 kg of gold for gold bonds and certificates with 0.50% semi-annual coupon/lease return rates to mature on March 5, 2021. The report came out on April 3, 2020. We’ve been watching this development. Now governments are issuing bonds backed by gold. Many underdeveloped countries desperately need dollars, which is why the US dollar continues to go up.

On April 19, 2020, Turkey’s Erdogan and Trump agreed to “close cooperation” on the coronavirus crisis and threats posed by the