Turkey Has Sold-Off Half Of Its Physical Gold Holdings This Year To Defend The Lira

David McAlvany breaks down the crisis in Turkey, which may culminate with the largest single debt default in history. Here are the details…

David McAlvany and Kevin Orrick on the McAlvany Weekly Commentary

Talking Turkey: “This will be the single largest default in financial history” Capital controls are like Hotel California… You can’t leave. Will Turkey, Iran, Russia, Germany abandon the West & turn to China? Gold: Massive “Short” paper market now needs to be covered. Thanks for listening to this week’s McAlvany Commentary, if you enjoyed please subscribe for more.