27.06.2026 13:29
A father of two, who sold his house last March, switched to renting, and bought a 1-kilogram gold bar with all his savings, was shaken by the sharp decline in the markets. The investor, who suffered a total loss of 592,000 Turkish Lira as the gram gold price fell from 6,510 TL to 5,918 TL and the ounce gold price dropped to $3,979 during his investment period, defied criticism on social media by saying, 'I still believe that in 1-2 years, I will buy 4 houses thanks to gold.'
Last March, a citizen made a radical decision to sell the house he lived in and used all his money to buy 1 kilogram of gold bullion. He experienced a major financial shock with the sharp downturn in the markets. The investor, a father of two, who moved to a rental home saying, 'I will buy 4 houses in 1-2 years,' saw his savings lose 592 thousand TL in value in just 3 months due to global fluctuations in gold.
HE SOLD HIS HOUSE AND RENTED, INVESTED EVERYTHING IN GOLD
That investment decision, which sparked major debate on social media and in economic circles in late March, turned into disappointment with the sharp downward trend in gold. A citizen, married with two children, liquidated his property in order to build greater wealth in the future. The unfortunate investor, who moved into a rental home with his family, used all the proceeds from the house sale to purchase exactly 1 kilogram of gold bullion on March 27, 2026. However, the plan did not work out as expected.
GRAM AND OUNCE GOLD TAKE A NOSEDIVE
The gold market, under pressure since January due to global interest rate expectations and a strengthening dollar index, has dropped to its lowest levels in seven months, turning the tables on local investors. The ounce of gold, which stood at $4,404 on the investment date of March 27, 2026, has fallen back to $3,979 today. Domestically, gram gold, trading at 6,510 TL on that same date, has plunged to the 5,918 TL band as of today.
A MASSIVE 592 THOUSAND TL EROSION IN 3 MONTHS
This sharp decline in prices has eroded the value of the 1-kilogram gold bullion. The bullion, purchased for 6 million 510 thousand TL on March 27, has seen its market value drop to 5 million 918 thousand TL today. Thus, the net loss in the principal, which was the family's only safety net, has reached 592 thousand TL.
'I WILL SEE THOSE WHO MOCK ME IN THE FUTURE, I WILL BUY 4 HOUSES'
Despite the massive loss, the investor, who stands by his decision and has not lost hope, challenged the criticism and mockery he faced on social media with these words: 'I am married and have 2 children. We sold our house and moved to a rental. This was all our savings. There are people mocking this situation on social media right now, I will see all of them in the future. I still firmly believe that thanks to gold, I will buy 4 houses in 1-2 years.'