Gold managed to rise above $1,800 an ounce and started to rise slightly. Meanwhile, according to an analyst, the price of gram gold continues to break its record due to the rise in the dollar/TL exchange rate. So, will this increase in value in grams continue? Gold and Money Markets Specialist İslam Memiş warned investors in his latest assessment of the precious metal. Here are the details…
Islam Memiş warns gold investors
cryptocoin.com As we have also reported, the Fed, at its last meeting, decided to accelerate the reduction in asset purchases while keeping the policy rate constant. Islam Memiş shared his comments after the Fed meeting, which precious metal investors eagerly awaited. Noting that it is difficult and costly to buy gold, Memiş emphasized that the precious metal may test its resistance levels in the coming days.
The Gold and Money Markets Specialist stated that “the old Turkish economy should be accepted as there is no one” and said that the only thing investors have to do in this case is to “take care of their assets”. He thinks that it is very difficult for citizens who are trying to make short-term money by buying and selling. According to the expert name, such a trade can only be carried out in a healthy way with the support of experts. Therefore, he points out that the idea of ”buying and selling” without expert support is a huge mistake. He states that investors should “be a long-term investor and continue on their way by preserving their savings” and uses the following statements:
After this hour, I buy gram gold for 800 lira and sell it for 900 lira. These are totally risky.
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