After the Gold Price Collapse, Kyrgyzstanis Rush to Sell Bars to "Kyrgyzaltyn"
Citizens are concerned about their savings
According to reports from social media, due to the sharp decline in gold prices on the international stage, long lines have formed at the "Kyrgyzaltyn" store with people wishing to sell their gold bars.
Local residents are rushing to retrieve their investments in the precious metal to minimize potential losses.
It should be noted that any Kyrgyz citizen has the opportunity to purchase standard gold bars at "Kyrgyzaltyn," receiving a certificate that confirms both the purchase and the metal's purity.
In the past few days, the global precious metals market has lost over 7 trillion dollars in capitalization, which has also affected the national market.
Many financial experts point to several factors contributing to this decline: a global correction after significant price increases, reactions to statements from the U.S. Federal Reserve, potential changes in leadership, and active speculative trading that has led to a "domino effect."
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