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Turkey moves gold to Switzerland local news
Ahval (Events) ^ | May 24 2018 | none stated

Posted on 05/27/2018 2:02:55 PM PDT by Texas Fossil

A Swiss news site has said that the Turkish treasury has moved 19 tons of gold to Switzerland from the United States in an attempt to dodge potential sanctions.

BZ Basel said the Bank for International Settlements in Basel, which is officially extraterritorial, with not even Swiss police being able to enter, had taken the shipment from Fort Knox.

The news site speculated that one reason for Turkey removing the reserves from the United States could be fear over possible economic sanctions on the country’s state owned bank Halkbank, which faces a likely fine following revelations that it allowed Iran to undermine U.S.-led economic sanctions.

The news follows reports in the Turkish press suggesting that Turkey was withdrawing its gold reserves from the United States.


TOPICS: Crime/Corruption; Egypt; Foreign Affairs; Germany; Israel; News/Current Events; Russia; Syria; United Kingdom; War on Terror
KEYWORDS: egypt; erdogan; europeanunion; gaza; germany; gold; hamas; hassannasrallah; hezbollah; iran; isis; jordan; kurdistan; lebanon; nato; receptayyiperdogan; russia; sanctions; saudiarabia; sinai; switzerland; syria; turkey; unitedkingdom; yemen
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There is nothing illegal about Turkey moving their gold from the US. Until we apply sanctions.

BUT, it is a powerful indicator of the lack of confidence in Turkey by the rest of the World.

Here is another indicator:

Gold counterfeiting worries as prices skyrocket in Turkey

https://ahvalnews.com/gold/gold-counterfeiting-worries-prices-skyrocket-turkey

1 posted on 05/27/2018 2:02:55 PM PDT by Texas Fossil
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To: Texas Fossil

Is Germany still trying to get their gold back?


2 posted on 05/27/2018 2:05:16 PM PDT by SeeSharp
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To: Texas Fossil

I should move my 19 tons of gold, too.

Now, where did I leave that?


3 posted on 05/27/2018 2:07:08 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: Texas Fossil

[The news follows reports in the Turkish press suggesting that Turkey was withdrawing its gold reserves from the United States.]

Back to being serious. Turkey afraid of something coming down the road in the not-too-distant future?


4 posted on 05/27/2018 2:07:56 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: SaveFerris

smile.


5 posted on 05/27/2018 2:08:39 PM PDT by Texas Fossil ((Texas is not where you were born, but a Free State of Heart, Mind & Attitude!))
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To: Texas Fossil
I hope they were paying a fee for the storage and protection
of the their gold. And why were they using
a Fed. Gov. vault in the first place?
6 posted on 05/27/2018 2:08:47 PM PDT by StormEye
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To: SeeSharp

I’ve not heard anything about it, but Texas did. I think they actually sold it in NY and arranged to take it from somewhere delivered in Texas. Anyway, Texas has their own Gold depository.


7 posted on 05/27/2018 2:10:06 PM PDT by Texas Fossil ((Texas is not where you were born, but a Free State of Heart, Mind & Attitude!))
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To: Texas Fossil

At the death of Eastern Roman Emperor Anastasius I in 518, the imperial treasury had 160 tons of gold.


8 posted on 05/27/2018 2:11:04 PM PDT by MUDDOG
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To: SaveFerris; Gamecock

9 posted on 05/27/2018 2:14:07 PM PDT by Larry Lucido
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To: Texas Fossil

If they actually OWNED that gold they’d move it home to their own country.

However, it’s leveraged at least 1000x and their currency is headed to the toilette.


10 posted on 05/27/2018 2:14:18 PM PDT by Mariner (War Criminal #18)
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To: SaveFerris

11 posted on 05/27/2018 2:14:38 PM PDT by abb ("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
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To: SaveFerris
They must have a lot of pirates.


12 posted on 05/27/2018 2:16:50 PM PDT by Larry Lucido
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To: Mariner

Imagine? If Turkey has a huge Bank Run, before the Elections?

Smile.


13 posted on 05/27/2018 2:17:42 PM PDT by Texas Fossil ((Texas is not where you were born, but a Free State of Heart, Mind & Attitude!))
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To: Texas Fossil

14 posted on 05/27/2018 2:19:25 PM PDT by Vaquero (Don't pick a fight with an old guy. If he is too old to fight, he'll just killc you)
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To: abb; Larry Lucido

Never mind! I just heard about Goldline from Glenn Beck!


15 posted on 05/27/2018 2:20:53 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: SaveFerris

16 posted on 05/27/2018 2:25:03 PM PDT by Larry Lucido
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To: Texas Fossil

It’s also a powerful indicator of Turkey’s intentions to do things that would cause sanctions


17 posted on 05/27/2018 2:26:18 PM PDT by DannyTN
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To: DannyTN

Yes, it is.


18 posted on 05/27/2018 2:27:33 PM PDT by Texas Fossil ((Texas is not where you were born, but a Free State of Heart, Mind & Attitude!))
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To: SeeSharp
Is Germany still trying to get their gold back?

Last I heard, Germany gave up:

Not our country's finest moment.
19 posted on 05/27/2018 2:28:31 PM PDT by Ronaldus Magnus
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To: Vaquero

Bump.

I am going to steal that. smile.


20 posted on 05/27/2018 2:28:55 PM PDT by Texas Fossil ((Texas is not where you were born, but a Free State of Heart, Mind & Attitude!))
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