National wealth under the pillow: 5 thousand tons of gold missing

The market value of this amount is around $500 billion, equivalent to one-third of the gross national product. But this huge asset remains outside the economy.

According to Karar, economists point out that if this idle wealth is included in the system, a strong resource can be created against the economic crisis. It is stated that using these assets, which are not included in the system, for investment and production can close a large financing gap.

SOMEONE CLAIMS THAT THERE ARE 7 THOUSAND TONS Istanbul Jewelers Chamber President Mustafa Atayık said that according to some sources, the amount of gold under pillows has reached 7 thousand tons. Atayık emphasized that with the gold price reaching 2.2 million TL per kilogram, individual savings have exceeded 500 billion dollars in total. According to the World Gold Council data, this figure is around 6 thousand tons.

1.5 TRILLION DOLLARS OF RESOURCES ARE NOT IN THE SYSTEM It is stated that gold under the pillow that is not used in investment and production creates a significant loss of opportunity for the Turkish economy. It is noted that if gold is brought into the system, this resource can be used to combat inflation, reduce foreign debts and support the real sector. It is stated that Turkey's total financial assets are around 1.5 trillion dollars, one third of which remain outside the system.

Odatv.com