Over recent years, Turkish financial sector has developed various new products based on gold in order to bring some of the “under the pillow” gold into the financial system. In order to diversify borrowing instruments, broaden the investor base, and bring idle gold into the economy, the Turkish Ministry of Treasury and Finance started issuing gold bonds and gold denominated lease certificates (GDLC) for individual investors in 2017 and institutional investors in 2019. The article explains how these instruments are structured, their possible advantages and disadvantages in various angels.
This article has been produced by a third party, whose views are their own. The World Gold Council is not responsible for its contents.
