Turkey repatriates gold and denounces US dollar dominance

Turkey is another nation that has decided to repatriate its gold:

Is Gold Repatriation A Trend? Turkey Gets Its Reserves Back From The U.S. – Reports

April 20, 2018

Turkey joined the ranks of Germany and Hungary as the latest country which brought back its gold to home base, this according to reports from the country’s media.

Reports from Turkish media outlet Yeni Safak suggest that the country brought back all of its gold stored in the U.S. Federal Reserve. The reports published Thursday indicate that the country repatriated 220 tons of from the U.S. sometime last year. At the time of publication, Kitco News was unable to confirm the news.

The country’s gold reserves currently rank eleventh in the world, behind India, with about 526 metric tons, according to the data compiled by the The Statistics Portal. As of March 2018, the Turkish central bank said its gold reserves amounted to $25.3 billion.

Analysts told Kitco News that the move is likely politically motivated rather than economic. The consensus being that Turkey is sending a message to the U.S., with Turkish President Recep Tayyip Erdogan making currency his priority.

“[Turkey’s decision] has more political intonation than economic,” managing director at RBC Wealth Management George Gero said on Friday. “Turkey is trying to shore up their currency. And I think repatriation has a lot to do with currency pairs trading.”

Earlier this week, Erdogan called for the International Monetary Fund (IMF) loans to be paid in gold and not U.S. dollars.

Turkish media reported Erdogan as saying, “These debts should be in gold. Because at this point the karat of gold is unlike anything else. The world is continually putting us under currency pressure with the dollar. We need to save states and nations from this currency pressure.” http://www.kitco.com/news/2018-04-20/Is-Gold-Repatriation-A-Trend-Now-Turkey-Wants-Its-Gold-Back-From-The-U-S.html

It is interesting that the Turkish President wants to save nations from the US dollar. The reality is that the US dollar will one day be worth no more than the cotton-paper it is sometimes printed on.

Turkey is part of a trend. In 2012, Venezuela, under the late Hugo Chavez, brought home 160-180 tons of gold. Russia and China have been adding to their gold hoards, one more publicly than the other. Both have also been encouraging the use of gold as a means of payment in international trade as a means of avoiding US dollar hegemony.

While some consider gold to be ‘real money’ and others simply a relic from past ages, the reality is that many nations in Europe have taken steps in the past several years to ‘repatriate’ their gold. Meaning that they have had gold stored in places like the USA and the UK, but are now having their gold transferred back to themselves.

Notice a headline on this:

Turkey repatriates gold from US in bid to ditch dollar

20 April 2018 https://www.rt.com/business/424670-gold-turkey-repatriation-dollar/

Why do various nations want gold?

The official answer would probably have to do with financial stability.

But another reason is for them to be able to exist in a world where the US dollar is no longer the reserve currency for the world.

Biblical (Daniel 11:40-44) and non-biblical prophecies point out that the final leader that the Bible calls the King of the North, who will likely have Germanic/Assyrian heritage (cf. Daniel 11:30 with Numbers 24:24), will value gold.

While I do not have the confidence in gold as many ‘gold bugs’ do (basically, because of scripture and the fact that gold has a limited utility), the time will come when the USA will wish it had more gold, as its practice of electronically printing and borrowing its own money will create a massive problem for it (Habakkuk 2:6-8).

But have no doubt about it, the Bible prophesies that during the Great Tribulation (Matthew 24:21-22; Daniel 11:39-43; Revelation 18:12,16) nations around the world will value gold. During that time, there will be no US dollar prominence.

Some items of possibly related interest may include:

The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold? A video of related interest may be: Germany, Gold, and the US Dollar.
The End of US Dollar Dominance Is the USA losing its economic status? What about the petro-gold-yuan? A related video is also available: US Dollar being challenged by Gold-Petro-Yuan.
USA in Prophecy: The Strongest Fortresses Can you point to scriptures, like Daniel 11:39, that point to the USA in the 21st century? This article does. A related sermon is titled: Do these 7 prophesies point to the end of the USA?
Who is the King of the West? Why is there no Final End-Time King of the West in Bible Prophecy? Is the United States the King of the West? Here is a version in the Spanish language: ¿Quién es el Rey del Occidente? ¿Por qué no hay un Rey del Occidente en la profecía del tiempo del fin?
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies for the Great Monarch point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States? In the Spanish language check out ¿Quién es el Rey del Norte? Here is a link to a video titled: The Future King of the North.
When Will the Great Tribulation Begin? 2018, 2019, or 2020? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede comenzar la Gran Tribulación en 2018 o 2019? ¿Es el Tiempo de los Gentiles? You can also see the English language sermon videos: The Great Tribulation from the Mount of Olives and Can the Great Tribulation begin before 2020? A shorter video is: Can the Great Tribulation begin in 2018?
The Times of the Gentiles Has there been more than one time of the Gentiles? Are we in it now or in the time of Anglo-America? What will the final time of the Gentiles be like? A related sermon is available and is titled: The Times of the Gentiles.
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?
Donald Trump in Prophecy Prophecy, Donald Trump? Are there prophecies that Donald Trump may fulfill? Are there any prophecies that he has already helped fulfill? Is a Donald Trump presidency proving to be apocalyptic? Two related videos are available: Donald: ‘Trump of God’ or Apocalyptic? and Donald Trump’s Prophetic Presidency.
Trump Presidency Magic 8 Ball or Bible Prophecy? BBC reported that one might as well use a ‘Magic Eight-Ball’ to try to predict what will happen in the remaining time of Donald Trump’s presidency. What is a ‘Magic Eight-Ball’? Dr. Thiel not only explains that, but also briefly goes over 10 biblically-based warnings he wrote would happen if Donald Trump were elected that have already began to come to pass. He also goes over something he wrote back in 2008 that the Trump presidency is also helping lead to fulfillment. Should you trust Bible prophecy or not? Dr. Thiel says that Bible prophecy can be trusted, despite the view of skeptics and others that either overlook or despise the Bible. This is a video.
Donald Trump and America’s Apocalypse This 188 page book is for people truly interested in prophecies related to Donald Trump and the United States, including learning about several that have already been fulfilled and those that will be fulfilled in the future. The physical book can be purchased at Amazon for $12.99 from the following link: Donald Trump and America’s Apocalypse.
Donald Trump and America’s Apocalypse-Kindle Edition This electronic version of the 188 page print edition is available for only US$3.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Donald Trump and America’s Apocalypse-Kindle Edition.