Citizens fear losing their savings
Recent declines in gold prices on international markets have led residents of Kyrgyzstan to mass sell their gold bars to the company 'Kyrgyzaltyn'. Reports on social media indicate that long lines have formed in front of exchange points.
Many citizens are choosing to return the gold bars they purchased earlier to avoid losses on their savings, which they invested in the precious metal.
It is important to note that anyone interested can purchase standard gold bars from 'Kyrgyzaltyn', and a certificate is issued upon purchase, confirming both the transaction and the gold's purity.
Over the past few days, the global market for precious metals has suffered losses exceeding 7 trillion dollars. These changes have also affected local markets.
Financial experts highlight several factors contributing to this decline: a global price correction following record growth, market reactions to statements from the U.S. Federal Reserve and the potential change in its leadership, as well as active speculative trading and a "domino effect" in this situation.
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