Golden Shower: Why Countries Pull Out Their Bullion From the US

Golden Shower: Why Countries Pull Out Their Bullion From the US

With the Turkish Central Bank withdrawing its gold reserves from the US Federal Reserve System and shipping them to Ankara, Sputnik looks into how this move may affect the development of the world economy. All Conditions for Crisis in Place The global economy is struggling to cope with a barrage of hard conditions such as uncontrolled money printing, trade wars, sanctions, increasing interest rates and a decline in retail trade.

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