Two famous economists conveyed their expectations for the price of gold. While Selçuk Geçer reiterated his prediction in the light of the latest developments, Islam Memiş points out that the wealth of the rich continues to be in gold and silver. Here are the details…
Gold and dollar interpretation from Islam Memiş
Islam Memiş commented on gold and other investment instruments in its latest statements. Islam Memiş started to talk by talking about the current situation of the dollar. According to Memiş, with the appreciation of the dollar, he tries to create a perception that trust is in the dollar. However, in 2023, there is talk of an upside wind for the dollar. It is thought that the FED, which increased the interest rates aggressively in 2022, will cut the interest rates in 2023.
The expert also drew attention to the cases of Covid-19. He also stated that there will be an energy crisis in Europe after September. Stating that the real value of the dollar is not the current levels, the expert thinks that the dollar is the asset that will make the investor lose the most money. Talking about the US Dollar Index (DXY), the expert states that it should be below the 100 level. On the other hand, the analyst mentions that the return of the euro is higher. The analyst says that right now people are being manipulated by intimidation.
On the other hand, he mentions that the wealth of the rich is usually gold and silver. Moreover, it draws attention to land investment. He thinks that whoever controls agriculture in the world is powerful. He thinks that this is the reason behind the rich buying land. “The rich invest in agricultural commodities. It earns more than foreign exchange or other investment areas. A person who cannot buy agricultural land can buy from agricultural commodities,” he says.
Selçuk Geçer published his quarterly forecast
On the other hand, according to Economist Selçuk Geçer, the dollar and gram gold will rise. Geçer also talked about inflation and the Fed’s interest rate decisions. According to Geçer, the FED will move in the direction of increasing the interest rate decision by 100 basis points. However, this high increase will not be possible due to the condition of the markets. Geçer also announced what levels the dollar and gram gold will see.
cryptocoin.com As we have also reported, the dollar, which fell to 16 liras after a decision by the BRSA in the past weeks, is currently trading above 17 liras. According to Selçuk Geçer, the dollar is likely to rise up to 30 liras in November-December. According to the analyst, levels of 21 liras will be seen before 30 liras. Finally, Geçer thinks that gram gold can rise up to 1,900 liras. He states that this rise can be seen until the end of the year.
