Gold Treasure

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Reason being that the value of this gold treasure is pegged at more than the GDPs of many countries. The value of this gold discovery is said to be 6 billion dollar or Rs 44, crore.

As per Worldometer, GDP of Maldives is 4. These economies are much lesser in size than the treasure found in Turkey.

Similarly, Mauritania, Montenegro, Barbados, Guyana and economies of many others are also smaller than the gold treasure found in Turkey.

This treasure was discovered in Central west area of Sogut. The information was shared by Fahrettin Poyraz, who is chief of the Agricultural Credit Cooperatives of Turkey Gubretas Fertiliser Production firm.

Poyraz told Turkish news agency that the value of the gold treasure would be around 6 billion dollars. In September, Fatih Donmez, new minister of energy and natural Resources of Turkey, had said the country has broken a big record with the production of 38 tonnes gold.

He had said his target for the next five years is to increase annual gold production to tonnes. Poyraz said that this gold will be mined in the next two years and it will help the Turkish economy a great deal.

He said Gubretas Fertiliser Producer has won this site with another company in after a court order.

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Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube. LIVE TV. A fertiliser manufacturing company based in Turkey, Gubertas Fertilizer Production Company , discovered this huge heap of gold treasure.

The gold treasure was discovered in Sögüt , the central-western region in Turkey. The information of this discovery was shared by Fahrettin Poyraz , head of the Agricultural Credit Cooperative of the Turkish Gubertas Fertilizer Production Company.

The news was further confirmed by Anadolu , a state-run news agency in Turkey. Also, the shares of Gubertas saw an immense increase of 10 per cent on the Turkish stock exchange — Borsa Istanbul , after this news broke.

Other countries like Mauritania, Montenegro, Barbados, Guyana also have an economy less than the gold treasure discovered in Turkey.

But this is not the first time Turkey has managed to find such a precious and massive treasure. Back in September of this year, Turkey broke all the records by producing 38 tonnes or 38, kgs of gold.

Sources: CNBC TV18 , Business Today , Zee News. This post is tagged under: Gold treasure, GDP, Turkey, Gross domestic product, Gubertas Fertilizer Production Company, Sögüt, Fahrettin Poyraz, Anadolu, dollars, billions, Borsa Istanbul, gold, Maldives, Worldometers, Liberia, Bhutan, Lesotho, Mauritania, Montenegro, Barbados, Guyana, Faith Donmez, gold production increase.

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