Gram gold and dollar, which started the week with a record, experienced a sharp decline as a result of the measures taken. So, should you buy or sell in the current situation? If so, when should it be done? cryptocoin.com As we have also reported, Gold and Money Markets expert Islam Memiş, who predicted that there will be a sharp decline in the past days, conveyed his comments on gold.
Is gold sold in the current situation? Islam Memis replied
Gold and Money Markets Specialist İslam Memiş, who predicted this decrease while the price of gram gold continued to decrease, talked about the volatility in the market. He mentioned that the new economic instruments and packages announced by President Erdogan create a good ground in the market. He said that he thinks that citizens who cannot buy assets should evaluate these days of decline. Those who already own gold were worried about the depreciation of the precious metal. However, according to Islam Memiş, the investor of gold continues to win.
He states that those who invest in precious metals always smile because factors such as both the ounce price and the dollar are effective in price movements. For this reason, Memiş said that those who keep their money should wait; He thinks he shouldn’t sell in panic. According to the expert, the precious metal is a long-term investment vehicle and upward cyclical movements in gold prices will continue to be seen in 2022, “so there should be no panic about selling”. Lastly, Islam Memiş states that silver gives money like yellow metal. At the time of writing, gram gold is changing hands at 676 liras, with an increase of 3.07 percent. At the beginning of the week, it was over 1,000 lira.
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