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UBS report confirms Turkey gold dealings, Alasdair Macleod confirms
Alasdair Macleod highlighted recent developments in Turkey's gold dealings. He indicated that a UBS report has confirmed points he previously wrote about on this topic.
Details beyond the mention of the UBS report were not provided in the tweet.
Macleod has recently questioned why gold is not meeting performance expectations, even as conditions are worse than in the 1970s, according to a previous article. He has also warned of potential economic depression, bail-ins, capital controls and bank closures in a separate report. These earlier views provide context to his latest comments on Turkey’s gold trade.
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