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Monday, March 25, 2019

Turkey Should Shift to a Gold Standard to Avoid The Soros Inflation Trap - Eurasia Future

Turkey Should Shift to a Gold Standard to Avoid The Soros Inflation Trap
Written by Adam Garrie on 2019-03-25

Just as was the case prior to last year’s presidential and general election in Turkey, in the run up to this year’s local elections, western currency speculators are doing all that they can to increase pressure against the Turkish lira. Turkey’s central bank has rightly stated that it plans to build up its reserves in order to better leverage external pressure. This is clearly a good short and even medium term solution but in the long term, Turkey must seriously consider a shift to a traditional gold standard.

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