Gold and Money Markets Specialist İslam Memiş has made striking statements about the gold price. Memiş conveyed his high expectations for dollar and silver as well as gram gold. Here are the comments of the expert…
İslam Memiş: Inflation means gold
Gold and Money Markets Specialist İslam Memiş started his comments on the market by saying “I wouldn’t save foreign currency”. Memiş stated that people have been trying to shift to the foreign exchange side for several months, and that he predicts that there is a high probability of an attack on the currency side in the coming months. Although he says that there may be an increase in the value of the dollar with the FED’s rate hike, he states that there is a question mark as to whether foreign currency should be used as an investment tool. “If it were me and I had Turkish Lira, I wouldn’t save foreign currency. On the other hand, if the citizens who think the opposite of me are accumulating foreign currency, they need to diversify the foreign currency.”
Talking about gold other than the dollar, the expert thinks that gold and silver are deliberately and willfully suppressed. “The global financial system actually collapsed. Citizens do not see this very clearly. Countries in such a war, everyone wants their own money to be valuable. There is a struggle, there is a common, controlled struggle of all central banks,” he said. According to the expert, authorities are suppressing silver, gold and commodities in order not to plunge the markets into chaos.
Pointing out that the world’s central banks overcame the coronavirus crisis by selling gold, Memiş stated that this situation exploded inflation and gold continued to be sold. Therefore, “Why hasn’t the gold reserve decreased despite this? The balloon has a reserve. There is an irreplaceable reserve,” he says.
Is the price of gold actually over $2,000?
İslam Memiş states that the ounce value of gold is kept in the range of 1,800-2,000 dollars, and that central banks are behind the reason why it is not allowed to exceed 2 thousand dollars. Finally, he states that investors can invest in silver if they can’t buy grams of gold, and says the following:
If you can’t buy grams of gold, you can save grams of silver. 3-5 grams can be set aside each month. Chinese, US and European companies are stockpiling silver. Silver will come to such a point that we will be faced with unimaginable numbers.
