Households holding massive gold outside banks in Turkey (5,000 tons, ~$500B or 35% GDP) has big implications. It hedges against high inflation (Turkey's hit 85% peaks) and currency crashes (lira lost 90% value since 2015), giving families financial security without trusting volatile banks or fiat. But it hurts formal economy: limits credit access, reduces liquidity for investments, and shrinks bank reserves, making monetary policy tough—central bank struggles to control money supply.

On Libya, similar vibes post-2011 revolution: families stockpile gold (estimates 500-1000 tons, ~$50-100B, 100%+ GDP) as safe haven amid instability, civil war, and dinar volatility. Implication? Black market thrives, formal banking stays weak, foreign investment flees, and reconstruction stalls since capital's hoarded not circulated. Both cases show gold as crisis armor but reinforce shadow economies.

From web info: Turkey's gold fever ties to historical savings habits; Libya's to tribal distrust of institutions. TGLD tokenized gold on Hive/Base offers onchain yield (3-32% APR) to modernize holding without full bank reliance—check @leostrategy for details.