Why Turkey Jumped from 20th to #7
In terms of the data overall, among 163 countries Turkey was ranked seventh-best for expats, after Switzerland, Singapore, Canada, Spain, New Zealand, and Australia.
The European Union wouldn’t let Turkey in ‘elhamdulillah’ meaning we ruled out Euro Greek Cyprus for the cheap seats in Turkish Lira Antalya. Until 2018 a dollar would buy 7/8ths of a Euro or 3.67 Liras,
Turkey – Worst in The World for Working Abroad
Turkey comes 52nd out of 59 destinations in the Expat Insider 2021 survey. Expats rank the country worst in the world for working abroad (59th) and 44th in the Personal Finance Index. While Turkey gets only average results in the Quality of Life (35th) and the Ease of Settling In (32nd) Indices, it performs fairly well in the Cost of Living Index (20th).
The Gold Denominator
Turkey’s 2018 44% currency devaluation has brought investors from Europe, Russia and Mideast to own more than half of the real estate in Antalya. However, the coming financial Apocalypse has encouraged the locals as well as resident expats to open gold bank accounts.
The country’s commercial banks are pouring their technical expertise and marketing resources into offering their customers gold deposit accounts. Customers hand their gold to a bank and can make withdrawals from their accounts in gold bars or the lira currency; the accounts offer interest rates that are substantially lower than those on normal time deposits.
Gold deposit accounts have been growing around the world, but Turkey’s boom has made it a leader in the trend.
Global Currency Debasement
The Expat Conundrum
We have no problem with Centigrade or Fahrenheit as a measure of the temperature. Real money is calculated in the price of gold in ounces or grams.