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Behind Turkey's Gold Sales: The Biggest Ever Plunge In Foreign Reserves
Behind Turkey's Gold Sales: The Biggest Ever Plunge In Foreign Reserves
Shortly after the Iran war started, with gold unexpectedly tumbling, we showed that the reason behind gold's paradoxical move - after all, the precious metal has traditionally been a store of value in times of geopolitical stress - was the furious liquidation of gold by emerging markets, in this case Turkey, scrambling to obtain reserve dry powder so Ankara could cover soaring costs of energy imports.
And indeed, the latest central bank data showed that Turkey’s foreign reserves had their biggest...
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Mar 16, 2026 / Tyler Durden
Key Events This Week: Central Banks Galore, PPI, And The War In Iran
Key Events This Week: Central Banks Galore, PPI, And The War In Iran
After Friday's revelation that it was the first consecutive monthly Friday 13th for 11 years, DB's Jim Reid writes that today's nearly-as-impressive revelation is that this week sees the Fed, ECB, BoJ and BoE all meet in a single calendar week for the first time since December 2021. So a "super week" for central banks. All of them will have a very complex backdrop to deal with, shaped by geopolitical risk, volatile energy prices, and unsettled inflation...
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May 26, 2026 / Tyler Durden
The Digital Euro As Europe's Backdoor Capital Control System
The Digital Euro As Europe's Backdoor Capital Control System
Submitted by Thomas Kolbe
The digital euro ranks among the most ambitious projects within the political architecture of the European Union. As the Eurosystem and the EU increasingly merge into identical and integrated political spaces, it can no longer be denied that this CBDC project is primarily a geopolitical power play by Brussels. Yet the euro-CBDC — shorthand for “central bank digital currency” — remains stuck in a loop. Originally envisioned years ago as already being in the project phase, the first...
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zerohedge
Satire Or Serious: "Why Didn't The Unvaccinated Do More To Warn Us?"




