A very critical advice came to investors from Gold and Money Markets Specialist Islam Memiş.
ONS GOLD
This With these developments, gold prices rose in response to Russia’s invasion of Ukraine.
In February, the price of gold rose by $120 an ounce. Gold prices were $1,976.50 After rising to the highest level of the last 1.5 years with the Turkish lira, it reversed its course on Friday and started to decline.
Ounce gold, which started the new week with a rise, maintains its place in the 1920-1950 dollar range on Wednesday as well.. The ounce price of gold is currently trading at 1939 lira.
FOCUSED ON DOLLAR INFLATION DATA
While the dollar index remains high above the 97 level,
strong> domestic eyes are turned to the inflation data that will be announced tomorrow.
Economists’ average inflation expectations for February was 4.14 percent. While the Dollar/TL rate rose to 14.07, the Euro/TL rate was 15.64. He saw the lira.
THE ESTIMATE OF 14.50 FOR THE DOLLAR
Gold and Money Markets Expert İslam Memiş, who made an assessment on the Youtube channel regarding the markets described the situation as ‘manipulation pricing’ and shared its near-future forecasts for the dollar rate.
“The dollar rate managed to hold above the 13.80 lira level.. If we see a close over 13.80 liras again, we will be able to talk about numbers with 14” said Islam Memiş, “We can pronounce the numbers 14,20, 14,30, 14,50, 14,70.
Factors such as the rise of the dollar index above the 97 level again, the decline of the euro/dollar parity, and the increase in commodity prices continue to affect the dollar side positively.. According to the news flows from the war front, the search for direction in both exchange rates and commodity prices will be seriously decisive.” strong>Islam Memiş, who interpreted these developments in the markets as a ‘bench’, continued her words as follows: “Do not buy and sell in the short term, take care of your assets.
They will not leave anyone alone in 2022.. In 2022, they prepared such a bench that the bench to take the gold in your hands. I have been making my warnings for about 2.5 months.. There are still those who persistently trade in TL.
Those who trade in TL will make a loss. I’ve been saying this for months. They created a market to buy all the assets in the hands of people in 2022. In Russia, there is a fanfare in Ukraine. But the target is different.
The movie is different. They are multiplying the money very nicely right now. Despite what has happened for days, the price of an ounce of gold is 1925 dollars.. At the moment, gold prices should normally rise to 2000, 2500 or even 3000 dollars.. Here is the manipulation.
“HOUSE AND LAND PRICES WILL BE MORE EXTENSIVE”
Islam Memiş, who advises citizens to invest in land and real estate, “’ Those who say “Should I buy a land?”, yes bro, you should buy land. No matter where it comes from.
Inflation continues to increase in the world. This is nothing. There will be such an inflation that in 2022 and 2023, it will remind humanity of the value of land once again.
More drought, supply problems and inflation prices will bring the market to market We didn’t quite see the reflection.. These are nothing. You should buy land without wasting any time.
I never think that real estate prices will decrease.. On the contrary, it will rise. Because we are talking about an industry that costs dollars.. Turkey is a country that continues to receive immigration from abroad and this will continue.
It is more logical to buy two 1+1 flats instead of buying one 3+1 flat. And the rents will increase. .
So don’t delay buying a house. Loans are cheap now. If those who are sensitive to interest borrow foreign currency or gold from a friend, they will double each year one hundred percent. Inflation means rising house and land prices. That’s why if you have the money, buy it right away,” he said.