08.05.2025 10:21
The increasing fear of earthquakes in recent times has prompted citizens to take out the gold they keep under their pillows. This situation has led to significant activity in the gold market. Especially after the 6.2 magnitude earthquake that occurred in Istanbul, there has been a surge in demand for the Precious Metals Authorized Warehouse System (KAD-SIS).
The risk of earthquakes and concerns about theft have led citizens to transfer their gold hidden under pillows to banks. Thanks to the KAD-SIS system, gold can be stored in secure vaults while being integrated into the banking system.
FEAR OF EARTHQUAKES AND SECURITY CONCERNS HAVE MOVED GOLD TO BANKS
In Turkey, citizens have started directing their gold hidden under pillows to banks due to the risk of earthquakes and concerns about theft. With the increasing worries about natural disasters recently, the desire to store physical gold in secure vaults has brought record interest in the KAD-SIS (Authorized Precious Metals Storage System) application.
RECORD DEMAND FOR THE KAD-SIS SYSTEM
According to a report by Türkiye Gazetesi, the KAD-SIS system, managed by the General Directorate of the Mint and Stamp Printing House, allows citizens to securely store their gold in licensed vaults. Not only security but also the ability to conduct banking transactions without losing value from physical gold contributes to this interest. Thanks to the system, gold is both protected and can be integrated into the banking system when needed.
GOLD IS BOTH SAFE AND USABLE
With KAD-SIS, citizens can store their physical gold in vaults authorized by the Mint, while also creating a corresponding value in their bank accounts. This way, savings are protected on one hand, while on the other hand, they can be used as collateral for investment and need-based loans. The system is particularly being promoted through jewelers in Anatolia.
INTENSIFIED INTEREST AT THE END OF 2023 PEAKED IN 2024
Authorities emphasize that the demand for KAD-SIS has rapidly increased, especially after the earthquakes centered in Kahramanmaraş. Citizens in the earthquake region, as well as those living in major cities, have sought professional solutions against the risk of storing gold at home. As of 2024, there has been a remarkable increase in the amount of gold processed through KAD-SIS.
GOLD UNDER PILLOWS IS BEING CONTRIBUTED TO THE ECONOMY
Economists state that this system not only promotes individual security but also encourages the integration of unregistered gold into the economy. It is estimated that nearly 5,000 tons of gold are hidden under pillows in Turkey, which has the potential to be integrated into the financial system in the long term. KAD-SIS offers a new generation of security and usability model for gold investors while continuing to contribute to the long-sought process of "integration of gold into the system" by the state.