Turkey to increase gold-storage capacity to become regional hub

Borsa Istanbul Stock Exchange Chairman Himmet Karadağ said the gold-storing facilities which would increase Turkey's current capacity for storage of hidden gold ten-fold with a capacity to hold up to 1,600 tons of gold and silver will soon begin operating near Kuyumcukent in Istanbul. "As in London, where gold bars of foreign countries are kept safe, Turkey aspires to have the same capacity for gold storing as well," Karadağ said.

Turkey to increase gold-storage capacity to become regional hub