So much potential here. That said Turkey is a land divided at the moment, still has half a foot in the US camp, and one and a half feet in the other. Turkey has the potential to become a power economy in the Middle East and is thus a potential threat.
Gold is Turkeys saviour via the USD growth and Turkey has already done a defacto gold confiscation by asking citizens to loan the gold to the bank. If it has to utilise its reserves in a hurry and needed more, Ergodan could well elect to repo all state based gold assets to save his ass.
Just voicing my opinions of the risks but no doubt tommorrow it will moonshot and leave me wondering why I sold
I still think its a buy if you can handle the sovereign stuff.
AQG Price at posting:
$2.55 Sentiment: Buy Disclosure: Not Held