Turkish Government "Goes For Gold"; Seeks To "Transfer" Private Gold Holdings Into Bank System

This "polite confiscation" of citizens' gold will occur in the US--again, as it did in 1933, under Executive Order 6102, by Franklin Delano Roosevelt.  It's happening as we speak in Turkey. 

http://www.zerohedge.com/news/turkish-government-goes-gold-seeks-transfer-private-gold-holdings-bank-system

For some Turks, the government will have to unveil a lot more sweeteners before they part with the family gold. 

Because what may not be apparent to a Princeton Ph.D., is more than obvious to a 70 year old housewife in Istanbul:

"I'm keen to save, so keeping gold at home is easy for me; there is no complicated procedure," said Ayten Altin, a 70-year-old housewife in Istanbul. "In an emergency, I can convert it to cash and I don't have to wait for the bank to say the asset has matured."