Hi Loki,
What I would suggest may happen is that Turkish domiciled miners will be required to sell their gold to the Turkish Central Bank in TRY and it may then be the CB that sells the gold for USD.
Companies may then find it difficult to get funds out of Turkey.
This could be a template that other nations adopt (e.g. Argentina did) when they started running into USD shortages, so worth keeping a track of various nations macro situation when considering offshore investments.
To the MOD's ... sovereign risk is highly relevant to all gold mine investors and looking at analogues of what is potentially happening to other gold miners in risky locations is highly relevant to PRU who operate in two West African nations.
It's on topic as far as I am concerned.
Cheers
John
Hi Loki, What I would suggest may happen is that Turkish...
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