Monday, October 29, 2012

Turkish Banks Go for Gold to Lure $302 Billion Hoard - Bloomberg

Turkish Banks Go for Gold to Lure $302 Billion Hoard
By Sibel Akbay - Oct 29, 2012 6:01 PM ET

Deniz Kalkan, a 32-year-old housewife in Istanbul, is ready to move her gold.

“I’ll put these in a deposit account as soon as I get the time,” Kalkan said of the half-dozen gold coins she has collected and stashed in her apartment. “It’s much safer to keep them in the bank than at home.”

More:Turkish Banks Go for Gold to Lure $302 Billion Hoard - Bloomberg