According to a new survey, nearly 43% Turks believe that gold is the best type of investment. However, only 1.9% stated they would consider investing in cryptocurrencies. With 27.4% saying that they would invest, real estate comes in second place after gold.
Fewer Turks View Gold As The Best Investment
A recent study by Areda Survey has found that a significant number of Turks — about 42.9% — still consider gold to be the best form of investment. This figure is close to 15 percent lower than that of individuals in Turkey who considered gold an ideal investment for April 2021.
The study revealed that 49% of respondents said that they would be investing in gold. Only 42.2% were men.
Besides gold, the Turkish newspaper Hurriyet reported that Turks’ next most-preferred investment is real estate at 27.4%. This number is slightly higher than 26.9% who said that they planned to invest in real property last year.
Foreign Currency Preferred
As previously reported by Bitcoin.com News, Turkey’s high inflation rate combined with a depreciating currency has forced residents to switch from the Turkish lira to foreign currencies. The May 2022 Areda Survey revealed that 23.7% respondents preferred foreign currency when they were asked which type of investment they wanted.
While reports have suggested that Turkey’s economic situation is forcing residents to invest in cryptocurrencies, the Areda Survey findings appear to suggest that few Turks see these as an ideal investment.
Hurriyet’s report shows that only 1.9% said they would invest their money in cryptocurrency. The percentage of respondents who stated they would invest their money in deposits accounts is slightly lower than that of 3.1%, and it’s higher than that which would invest in stocks.
Let us know your thoughts on the findings. Comment below to let us know what you think.
Image creditShutterstock. Pixabay. Wiki Commons
DisclaimerThis information is provided for educational purposes only. This is not an invitation to purchase or sell directly, nor a suggestion or endorsement of products, services or companies. Bitcoin.com is not a provider of investment, tax, legal or accounting advice. The author and the company are not responsible for any loss or damage caused by the content or use of any goods, services, or information mentioned in the article.
