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Gold Under the Pillow: Turkey’s Enduring Love Affair with Physical Wealth Amidst Economic Turmoil

Turkish citizens continue to maintain substantial gold holdings worth approximately $331 billion, despite government efforts to discourage private gold ownership and the availability of alternative foreign currencies. This significant accumulation of physical gold, amounting to 4,500 tons, reflects a deep-rooted financial strategy among Turkish households. The practice, commonly

Markets & Economy

The Great Wealth Divide: Unraveling the Economic Transformation and Its Consequences for Future Generations

Over the past five decades, the American economy has undergone a fundamental transformation that has profoundly impacted wealth distribution and economic stability. From 1945 to 1975, known as the “Trente Glorieuses,” wages maintained approximately 50% of national income, growing proportionally with economic expansion. However, since the mid-1970s, this trend