Turkey Just Sold Its Gold — Here's Why That Should Scare You

Turkey has started selling its gold after nearly wiping out its U.S. Treasury holdings, and Jay argues this is not an isolated crisis, it's an early warning signal in a much larger financial cascade. In this episode, Jay breaks down how higher oil prices, shrinking global reserves, and forced Treasury selling could pressure emerging markets first, then push stress back into the U.S. bond market and the dollar itself. This is a look at what happens when countries run out of dollars, run out of assets to sell, and are forced into the next phase of the crisis. Citations: https://rentry.co/fa364uah Learn to invest alongside the top minds in commodities. Join The Commodity University today. CLICK: https://linkly.link/26yH8 Sign up for my free weekly newsletter at https://2ly.link/211gx Be part of our online investment community: https://cambridgehouse.com https://twitter.com/JayMartinBC https://www.instagram.com/jaymartinbc https://www.facebook.com/TheJayMartinShow https://www.linkedin.com/company/cambridge-house-international 00:00 — Turkey Sells Its Gold 00:41 — The Quiet Assumption Behind U.S. Treasuries 01:06 — Why Hormuz Changed the Oil Market 03:26 — The Emerging Markets Under Pressure 04:14 — Turkey’s Treasury Sell-Off Explained 09:34 — Why Oil Policy Is Really About Treasuries 12:45 — The 2003 Blackout and Systemic Failure 14:24 — The Two Things That Break Next 15:26 — The Off-Ramp: What Happens if Hormuz Reopens 16:11 — Why Reserve Currencies Eventually Fail 17:22 — Which Country Falls First? 18:27 — How This Reaches Regular Savers 20:33 — Turkey as the First Domino Copyright ©️ 2026 Cambridge House International Inc. All rights reserved.