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Why are people in Turkey hoarding gold?

6 Menit

Why are people in Turkey hoarding gold?

15 September 2026


In Turkey, gold is gifted throughout life's major milestones and stashing it safely at home is also a time honored practice. Turks have long used gold to safeguard their fortunes as a hedge against the country’s sometimes volatile economy. But officials say all that gold hoarding is hurting Turkey’s financial future. We go to Istanbul to understand why. And President Trump claims Ukraine and Russia have agreed to stop striking each other’s energy sites. But neither country has said they formally signed off on such a deal. Our reporter in Kyiv unpacks the claims and reality. Support public media with NPR+ and enjoy perks for over 25 podcasts like this one. This show’s perks include sponsor-free listening. Learn more at plus.npr.org. See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences. NPR Privacy Policy

Why are people in Turkey hoarding gold?
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