A new study finds that nearly 43% of Turkish individuals surveyed consider gold to be the best form of investment, while just 1.9% said they would invest in cryptocurrencies. Real estate is the second most preferred asset after gold, with 27.4% of the respondents saying they would invest.
Fewer Turks Now Look at Gold as the Best Investment
A recent study by Areda Survey found that a large number of Turks – about 42.9% – still consider gold the best way to invest. This figure is about 15 percent lower than the number of Turkish individuals viewing gold as an ideal investment in April 2021.
In terms of the gender of those who said they would invest in gold, the study found that 45.9% of the respondents were women, while men made up 42.2% of such respondents.
Besides gold, Turkish newspaper Hurriyat reported that Turks’ next most preferred investment is real estate at 27.4%. The number is marginally higher than the 26.9% that said they would invest in real estate last year, the report said.
forex preferred
As previously reported by Bitcoin.com News, Turkey’s high inflation rate coupled with a depreciating currency has forced residents to switch from the Turkish lira to foreign currencies. According to the May 2022 Areda survey, 23.7 percent of respondents said they would prefer foreign currencies when asked what type of instruments they would invest in.
While reports have suggested that Turkey’s economic situation is forcing residents to invest in cryptocurrencies, Areda survey findings suggest that some Turks see it as an ideal investment.
As shown in the Hurriyat report, only 1.9% of the respondents said they would invest in cryptocurrencies. This is less than the 3.1% who said they would invest in deposit accounts, but more than the 1% who said they would invest in stocks.
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