Sandstorm Gold Royalty CEO, Nolan Watson, says gold is just getting started. Ramazan Kurtoğlu, a lecturer at Istanbul Aydın University, recommends selling the house and buying a gold, undeveloped field. Economist Tunç Şatıroğlu explains what investors with dollars and gold can do. Market expert Selçuk Geçer expects a gold record. We have compiled the opinions and evaluations of economists and experts for our readers.
“Gold is really good looking 12 months ahead”
Nolan Watson described the latest market drop last week as ‘brutal’. However, Watson states that past cycles should have benefited precious metals miners, explaining:
There was definitely a big sell-off in the precious metals stock area. Obviously it was brutal, but you expect that. Historically… at the very beginning of a rate hike cycle, you see gold start to pull back and then when you get to about halfway through that rate hike cycle people say, ‘OK, I can see the end. Gold is really good at looking ahead 12 months and once people can see the end, gold typically starts to fluctuate.
“Start buying yellow metal, unzoned fields!”
According to Istanbul Aydın University Faculty Member Ramazan Kurtoğlu, who stated that house prices are ballooning in metropolitan areas, it is logical for those who have a house to rent, to buy physical gold or land. Ramazan Kurtoğlu, in a Youtube program he participated in, touches upon the issues that investors should pay attention to and makes the following assessment:
Buy a field without zoning. I repeat. Start buying yellow metal, unzoned field. Gold is an investment tool that is valuable in all corners of Turkey. Silver and palladium are investment vehicles open to speculation. Now is the time to sell, not buy. Never borrow money other than Turkish lira. Borrowing with dollars and gold is very dangerous.
Should dollars and gold be sold or waited?
Economist and technical analyst Tunç Şatıroğlu, who evaluated the developments in the market on his personal Youtube channel, “Are you worried about those with dollars and gold on the side?” He asks and explains what investors should do about it.
Tunç Şatıroğlu, whose views we have included in the news ofKriptokoin.com , said, “Will you need your dollars and gold in a short time? Are you thinking of breaking your dollar and buying a house or a car? Or do you have a situation like closing a debt?” He says that it is necessary to act according to the answer to the questions and states that if you marked ‘Yes’ as the answer, there is no harm in exchanging the dollar and gold and doing the things you want.
Pointing out the importance of maturity for those who chose no, Şatıroğlu said, “If your maturity is 3 months, wait. If the dollar drops, buy it. Because the current account deficit does not close. There is a constant need for foreign exchange. This is not the time to sell dollars and gold. It’s time to own them,” he says.
“Ounce has started to rise, grams of gold is already in an uptrend”
The economist says that dollar and gram gold might go down a bit, but personal preference He states that he is in favor of not selling. Explaining his views on gram gold investment, Tunç Şatıroğlu says:
I told you to buy it many times. The dollar/TL rate has reached 16, wait a minute. If there is a drop, take it. Dollar/TL continues to rise. It was said that he could return from here on Friday. But the horizontal movement will continue for a while.
According to the technical analyst, the ounce has started to rise. Tunç Şatıroğlu, who says that the rise will continue under ounce, states that gram gold, which is supported in Dollar/TL, is already in an upward trend.
“The price of gold regresses to a maximum range of 1,700-1,800 dollars”
Market expert Selçuk Geçer said that gold is a shield to protect itself from inflation. He states that it will see the lowest level of 1,700-1,800 dollars an ounce of gold. Stating that the rise in the dollar index (DXY) reveals everything, Geçer evaluates a recession in the USA as a ‘high probability’ in the upcoming period. He notes that this situation means the bottom of the crisis in the world. The market expert makes the following statement:
As soon as we say that we have seen the bottom in the markets, gold prices start to rise again. These are normal. Because we see gold prices rise in critical periods. I don’t think gold will drop to $1,300-1,400. A maximum range of 1,700-1,800 is seen. There is no lower than this.
The market expert is waiting for a record under ounces and grams!
Indicating that gold is still a hedge against inflation, Selçuk Geçer says it would not be surprising if gold broke a record this year. At this point, taking into account the effect of the Dollar/TL exchange rate, the market expert makes the following predictions for gram gold:
Gram gold will break the record. Because we haven’t seen the dollar effect yet. The point where the dollar effect and the ounce effect meet is where gram gold will peak.
