After the collapse of gold prices, Kyrgyzstanis rushed to sell bars to "Kyrgyzaltyn"

Елена Краснова Economy
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After the collapse of gold prices, Kyrgyz citizens rushed to sell their bars to 'Kyrgyzaltyn'

Citizens are concerned about the safety of their savings



As a result of the sharp decline in gold prices on the international stage, many Kyrgyz citizens have started actively selling their gold bars to the 'Kyrgyzaltyn' store. Eyewitnesses on social media report long lines of those wishing to sell.


Local residents are deciding to sell the gold bars they purchased earlier, aiming to preserve their investments in the precious metal.


It is important to note that anyone interested can purchase gold bars from 'Kyrgyzaltyn', and a certificate is issued upon purchase, confirming the fact of the purchase and the metal's purity.


In the past few days, the global market for precious metals has incurred losses of more than 7 trillion dollars. This has also affected the market in Kyrgyzstan.


Financial experts highlight several factors contributing to this decline: a global correction after a sharp rise in prices, market reactions to statements from the U.S. Federal Reserve about a possible change in leadership, as well as active speculation and a "domino effect" in this situation.


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