Critical warning from banks after gold record: 'Your card may be closed'

The record surge in gold prices has led citizens to turn to buying gold using credit cards and personal loans. In response to this increasing demand, many banks have warned their customers via text message, announcing that the credit card limits of those who use cash advances to purchase gold or foreign currency may be closed.

GOLD OUNCE EXCEEDS 3,500 DOLLARS

Fluctuations in global markets have pushed the price of an ounce of gold to a historic level. As of this morning, the ounce of gold exceeded 3,500 dollars, reaching an all-time high. This situation has once again drawn the attention of investors to gold.

INVESTORS TURN TO GOLD

The rapid rise in gold has led to a shift in investment preferences. Many investors have shifted their assets to gold, and gold funds have experienced the largest weekly inflow of money in their history. This intense interest has changed the balances in the market.

QUARTER GOLD ROSE TO 7,100 TL

The price of a quarter gold coin has risen to the 7,100 TL level. According to the report by Sözcü, it has been observed that with this rise, citizens have turned to buying gold using credit card cash advances or personal loans.

BANKS MOVED QUICKLY

With the start of using credit facilities for gold purchases, banks have gone on alert. Information notes have been added to customer card statements, and warnings have also been sent directly via SMS.

WHAT DOES THE MESSAGE FROM THE BANKS SAY?

The message sent by the banks to their customers included the following statements:

"Your card may be closed due to transactions such as foreign currency/gold/crypto asset purchases with your credit card, closing of loans that have not yet matured, transfers without reasonable justification, transactions to exceed the cash withdrawal limit, and transactions aimed at moving money out of the system."

News Source: 12punto