Beklendi\u011fi gibi, sava\u015f\u0131n petrol fiyatlar\u0131 \u00fczerinde b\u00fcy\u00fck bir etkisi var. Arz kesintileri, fiyatlar\u0131 varil ba\u015f\u0131na 100 dolar\u0131n \u00fczerine, 2008\u2019den bu yana en y\u00fcksek d\u00fczeyine geri getirdi. Y\u00fckselen enerji fiyatlar\u0131, enflasyon bask\u0131lar\u0131n\u0131 art\u0131r\u0131yor. Bu ortam, d\u00fczeltme b\u00f6lgesinde seyreden hisse senedi piyasalar\u0131nda b\u00fcy\u00fck oynakl\u0131k yaratmaya devam ediyor.<\/p>\n
Gittik\u00e7e daha az alternatifle, yat\u0131r\u0131mc\u0131lar toplu olarak alt\u0131na ve de\u011ferli metallere y\u00f6neliyor. Fiyatlar, haftay\u0131 %4\u2019l\u00fck etkileyici bir kazan\u00e7la bitirdi. Bir\u00e7ok analist, fiyatlar\u0131n 2.000 dolar\u0131n \u00fczerine \u00e7\u0131kmas\u0131n\u0131n sadece bir zaman meselesi oldu\u011funu s\u00f6ylemeye devam ediyor.<\/p>\n Alt\u0131n\u0131n Cuma g\u00fcn\u00fc rallisi ekonomik arka plana bak\u0131ld\u0131\u011f\u0131nda daha da etkileyici. Cuma g\u00fcn\u00fc, ABD \u00c7al\u0131\u015fma Departman\u0131ndan gelen veriler, ABD ekonomisinin \u015eubat ay\u0131nda 678.000 i\u015f yaratt\u0131\u011f\u0131n\u0131 s\u00f6yledi. Ayn\u0131 zamanda, en son tar\u0131m d\u0131\u015f\u0131 istihdam raporu, i\u015fsizlik oran\u0131n\u0131n %3,9\u2019a d\u00fc\u015ft\u00fc\u011f\u00fcn\u00fc g\u00f6sterdi.<\/p>\n Alt\u0131n, g\u00fcvenli liman ak\u0131mlar\u0131n\u0131 \u00e7ekmeye devam ediyor<\/b><\/p>\n Haftan\u0131n ba\u015flar\u0131nda, Federal Rezerv Ba\u015fkan\u0131 Jerome Powell, Do\u011fu Avrupa\u2019daki \u00e7at\u0131\u015fman\u0131n neden oldu\u011fu belirsizli\u011fe ra\u011fmen, merkez bankas\u0131n\u0131n bu ay\u0131n sonlar\u0131nda faiz oranlar\u0131n\u0131 art\u0131rma karar\u0131nda oldu\u011funu s\u00f6yledi. Ancak, gelen verileri de\u011ferlendirirken Federal Rezerv\u2019in hala \u00e7evik olmas\u0131 gerekti\u011fini de s\u00f6zlerine ekledi.<\/p>\n Piyasa analisti Neils Christensen\u2019e g\u00f6re, y\u0131l\u0131n ba\u015f\u0131nda, yakla\u015fmakta olan bir faiz art\u0131r\u0131m\u0131 haberi alt\u0131n bo\u011falar\u0131n\u0131 harekete ge\u00e7irmek i\u00e7in yeterli olurdu; ancak bunlar normal zamanlar i\u00e7in ge\u00e7erli, bu ortamda g\u00fcvenli bir s\u0131\u011f\u0131na\u011fa olan ihtiya\u00e7 g\u00fc\u00e7l\u00fc bir motivasyon sa\u011fl\u0131yor.<\/p>\n Yak\u0131n tarihli bir yorumda, Schroders fon y\u00f6neticisi James Luke, enflasyonun geleneksel tahvil piyasalar\u0131n\u0131 olumsuz etkilemesi nedeniyle alt\u0131n\u0131n yat\u0131r\u0131mc\u0131lar i\u00e7in tek ger\u00e7ek g\u00fcvenli liman varl\u0131\u011f\u0131 yolunda oldu\u011funu s\u00f6yl\u00fcyor.<\/p>\n \u201cAlt\u0131n trade\u2019inin \u00f6n saflar\u0131nda yer al\u0131yoruz ve daha fazla yat\u0131r\u0131mc\u0131n\u0131n alt\u0131na y\u00f6neldi\u011fini ve portf\u00f6ylerine daha y\u00fcksek oranlarda ekledi\u011fini g\u00f6r\u00fcyoruz\u201d diyen Sprott Inc\u2019in CEO\u2019su Peter Grosskopf da James Luke ile ayn\u0131 g\u00f6zlemi yap\u0131yor. Sprott CEO\u2019su, \u015fu de\u011ferlendirmeyi yap\u0131yor:<\/p>\n Alt\u0131n i\u00e7in temel tema bu. \u0130nsanlar bir \u015fey yapmazlarsa korunamayacaklar\u0131n\u0131 anlamaya ba\u015fl\u0131yorlar. Bask\u0131lar artt\u0131, bu y\u00fczden tahvillerde olmak size zarar verecek. Hissede olmak size zarar verir. Nakit tutmak seni cezaland\u0131r\u0131yor, ama \u015fu anda nakit tutmak ihtiyatl\u0131.<\/p>\n \u201cBir\u00e7ok yat\u0131r\u0131mc\u0131 faiz art\u0131\u015f d\u00f6ng\u00fcs\u00fcn\u00fc son derece riskli g\u00f6r\u00fcyor\u201d<\/b><\/p>\n Schroders\u2019\u0131n fon y\u00f6neticisi James Luke, milyonlarca insan\u0131 etkileyen b\u00fcy\u00fck bir insani kriz yaratan Rusya\u2019n\u0131n Ukrayna\u2019daki sava\u015f\u0131n\u0131n yan\u0131 s\u0131ra, d\u00fcnya \u00e7ap\u0131nda de\u011fi\u015fen para politikalar\u0131n\u0131n da k\u00fcresel ekonomi i\u00e7in bir ba\u015fka b\u00fcy\u00fck tehdit olu\u015fturdu\u011funu s\u00f6yl\u00fcyor. Fon y\u00f6neticisi, \u015fu a\u00e7\u0131klamay\u0131 yap\u0131yor:<\/p>\n Piyasa stresinin artt\u0131\u011f\u0131 zamanlarda bir de\u011fer deposu araman\u0131n yan\u0131 s\u0131ra, bir\u00e7ok yat\u0131r\u0131mc\u0131n\u0131n yakla\u015fan faiz art\u0131\u015f d\u00f6ng\u00fcs\u00fcn\u00fc anormal makroekonomik zemin g\u00f6z \u00f6n\u00fcne al\u0131nd\u0131\u011f\u0131nda son derece riskli g\u00f6rd\u00fc\u011f\u00fcne inan\u0131yoruz. Geli\u015fmi\u015f ekonomiler, y\u00fcksek d\u00fczeyde bor\u00e7lu olman\u0131n yan\u0131 s\u0131ra, devasa parasal ve mali te\u015fviklere ba\u011f\u0131ml\u0131 hale geldi. Te\u015fvik ortadan kalkt\u0131k\u00e7a ve faiz oranlar\u0131 y\u00fckseldik\u00e7e reel ekonomiye ve finansal piyasalara negatif etki potansiyeli art\u0131yor.<\/p>\n \u201cAlt\u0131n \u00f6n\u00fcm\u00fczdeki y\u0131llarda alternatifsiz g\u00fcvenli liman varl\u0131\u011f\u0131 olacak\u201d<\/b><\/p>\n James Luke, merkez bankalar\u0131n\u0131n para politikalar\u0131n\u0131 s\u0131k\u0131la\u015ft\u0131rmalar\u0131nda stagflasyon, d\u00fc\u015f\u00fck b\u00fcy\u00fcme ve y\u00fcksek enflasyon ortam\u0131 yaratma riskinin bulundu\u011funu s\u00f6yl\u00fcyor. Bu olursa, merkez bankalar\u0131n\u0131n rotay\u0131 h\u0131zl\u0131 bir \u015fekilde tersine \u00e7evirece\u011fini ve bunun da reel faiz oranlar\u0131n\u0131n negatif b\u00f6lgede kalaca\u011f\u0131 anlam\u0131na geldi\u011fini belirtiyor.<\/p>\n Fon y\u00f6neticisi, alt\u0131n\u0131n \u00f6n\u00fcm\u00fczdeki y\u0131llarda \u201cTINA\u201d (alternatifsiz) g\u00fcvenli liman varl\u0131\u011f\u0131 olma yolunda oldu\u011funu belirtiyor. James Luke, \u00f6zellikle, piyasa oynakl\u0131\u011f\u0131na kar\u015f\u0131 geleneksel bir koruma ve portf\u00f6y riskine kar\u015f\u0131 bir denge olan tahvillerin, mevcut ortamda \u00e7ok \u00e7ekici olmad\u0131\u011f\u0131n\u0131, \u015fu \u015fekilde a\u00e7\u0131kl\u0131yor:<\/p>\n Ekonomiler y\u00fcksek oranda bor\u00e7lu, faizler hala tarihi d\u00fc\u015f\u00fck seviyelere yak\u0131n ve enflasyon yap\u0131sal olarak daha y\u00fcksekken, devlet tahvilleri gibi geleneksel korunma ara\u00e7lar\u0131n\u0131n ge\u00e7mi\u015fte oldu\u011fu kadar \u00e7ekici oldu\u011funu iddia etmek zor.<\/p>\n","protected":false},"excerpt":{"rendered":" Rusya\u2019n\u0131n Ukrayna\u2019y\u0131 i\u015fgalinin bir haftay\u0131 geride b\u0131rakmas\u0131yla birlikte artan jeopolitik belirsizlik, alt\u0131n piyasas\u0131nda bir yang\u0131n\u0131 ate\u015fledi ve …<\/p>\n","protected":false},"author":6,"featured_media":16509,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,7],"tags":[],"class_list":["post-16508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coin","category-nft"],"yoast_head":"\n![](\"https:\/\/i0.wp.com\/coinmuhendisi.com\/wp-content\/uploads\/2022\/03\/gold-blizzard-predictions-these-levels-will-activate-soon-AhuOKCRn.jpg?resize=1024%2C576&ssl=1\")
<\/figure>\n![](\"https:\/\/i0.wp.com\/coinmuhendisi.com\/wp-content\/uploads\/2022\/03\/100497740-gold-03.jpg?resize=1024%2C576&ssl=1\")
<\/figure>\n![](\"https:\/\/i0.wp.com\/coinmuhendisi.com\/wp-content\/uploads\/2022\/03\/2019-10.jpg?resize=1024%2C576&ssl=1\")
<\/figure>\n![](\"https:\/\/i0.wp.com\/coinmuhendisi.com\/wp-content\/uploads\/2022\/03\/The-Name-Who-Knows-the-Critical-Moves-of-the-Gold.jpg?resize=840%2C472&ssl=1\")
<\/figure>\n