Political Dresser

Memory Lane Monday: Who Does This Remind You Of?--- Round 4

Memory Lane Monday: Who Does This Remind You Of?--- Round 4

For this month’s installment of Who Does This Remind You Of? we’ve gone to a fairly big name in...

Genius Idea: Call Tourists Terrorists

Genius Idea: Call Tourists Terrorists

Spain has made no secret that they’re over their Tourist Industry.

Sweden’s Armed Forces Embraces Rainbow Laces

Sweden’s Armed Forces Embraces Rainbow Laces

Despite KLM missing the mark with their Gay Pride Click Campaign, Sweden’s Armed Forces weren’t...

Just Sayin’: Over The Iceland Bandwagon

Just Sayin’: Over The Iceland Bandwagon

To start with, we’d like to outline for the record, that PD covered Iceland long before the rest...

Faux Tiffanys Causes Costco to Pay Up

Faux Tiffanys Causes Costco to Pay Up

A fair amount of engagement rings (2,500) at remarkable whole-sale prices has put Costco and a...

Turkey Wants Your Bling

Cough it up.Cough it up.It seems like our staff is always writing about the wonders of gold as an investment, a great find on an airplane lavatory, fashion piece or beauty gimmick, which is probably why the Turkish Government has decided to register and collect the estimated 5,000 tons of gold kept outside of banks in Turkey.

Durmus Yilmaz, the former Governor of the Central Bank of Turkey explained the situation this way, “The 5,000 tons of under-the-mattress gold has been accumulating since World War I. This gold amassed by Turks is kept in safes and on the fingers, necks and arms of women. If that gold instead becomes a bank deposit and banks use it as credit, the credit will be more available and will be cheaper, which means more investments and more production.”

Yeah, those awful women with their wedding rings and heart lockets with pictures of their tots inside. True economic criminals there.Turkey thinks you shouldn’t buy bangles, but instead buy bonds.

Enter the Istanbul Gold Refinery, which inspects and assesses the gold brought in. According to them this new glorious system will mean, “There will be no risk of theft or loss. The State guarantee for the gold deposit accounts is 150,000 ₺. They are available 24 hours (a day) for transactions. Clients can cash any amount they want from their gold accounts.”

Wow, did you catch all that? We’re sure that your Gram-Gram’s gold locket will be safe with a guarantee from a State that banned Minecraft

Leave your comments

Post comment as a guest

0 Character restriction
Your text should be more than 2 characters
terms and condition.

People in this conversation

  • Guest (Ropa2)

    You'll be sure to get all your gold back once ISIS comes in and takes over. Seriously, anyone who gives their gold to the government voluntary will stupid beyond measure.

    0 Like

Search

Book Club

Social Widget

Due to the European Union's Cookie Act (it's not as delicious as it sounds) the EU wants you to know that we use cookies to personalise content and ads, to provide social media features and to analyse our traffic. More information.