Royal Mint\u2019in yapt\u0131\u011f\u0131 bir ankete g\u00f6re, Birle\u015fik Krall\u0131k\u2019taki yeti\u015fkinlerin \u00fc\u00e7te biri son be\u015f y\u0131lda alt\u0131na yat\u0131r\u0131m yapmam\u0131\u015f olmaktan pi\u015fmanl\u0131k duydu\u011funu belirtirken, %30\u2019u ise g\u00fcm\u00fc\u015fte f\u0131rsat\u0131 ka\u00e7\u0131rd\u0131\u011f\u0131n\u0131 s\u00f6yl\u00fcyor. Anket, k\u00fcl\u00e7e fiyatlar\u0131n\u0131n sert y\u00fckseldi\u011fi bir d\u00f6nemde geldi: alt\u0131n be\u015f y\u0131lda yakla\u015f\u0131k %150, g\u00fcm\u00fc\u015f ise neredeyse %200 artt\u0131. Bu kazan\u00e7lara ra\u011fmen benimseme d\u00fc\u015f\u00fck kald\u0131; Birle\u015fik Krall\u0131k\u2019taki yeti\u015fkinlerin yaln\u0131zca %8\u2019i birikimlerinin herhangi bir k\u0131sm\u0131n\u0131 alt\u0131nda, %3\u2019\u00fc ise g\u00fcm\u00fc\u015fte tutuyor. Bu da ka\u00e7\u0131r\u0131lm\u0131\u015f getirilere dair alg\u0131y\u0131 g\u00fc\u00e7lendiriyor.<\/p>\n
Ara\u015ft\u0131rmadaki duyarl\u0131l\u0131k, serveti korumaya ili\u015fkin daha geni\u015f bir endi\u015feye de i\u015faret ediyor. Kat\u0131l\u0131mc\u0131lar\u0131n %73\u2019\u00fc k\u00fcresel \u00e7at\u0131\u015fmalar\u0131n ve ekonomik istikrars\u0131zl\u0131\u011f\u0131n paralar\u0131n\u0131n de\u011feri \u00fczerindeki etkisinden kayg\u0131 duydu\u011funu s\u00f6yledi. \u0130leriye bak\u0131ld\u0131\u011f\u0131nda, kat\u0131l\u0131mc\u0131lar\u0131n yaln\u0131zca d\u00f6rtte biri \u00f6n\u00fcm\u00fczdeki be\u015f y\u0131lda birikimlerini k\u0131ymetli metallere y\u00f6nlendirmesinin muhtemel oldu\u011funu belirtirken, %60\u2019\u0131 paray\u0131 vadesiz hesapta tutmay\u0131 s\u00fcrd\u00fcrece\u011fini ifade etti. Ayn\u0131 metin, merkez bankalar\u0131n\u0131n %2 enflasyon hedeflerine at\u0131f yaparak sat\u0131n alma g\u00fcc\u00fcndeki y\u0131ll\u0131k erimenin be\u015f y\u0131lda toplamda %10\u2019u biraz a\u015ft\u0131\u011f\u0131n\u0131 s\u00f6yl\u00fcyor ve bir k\u0131ymetli maden sat\u0131c\u0131s\u0131yla ileti\u015fime ge\u00e7ilmesi ile bir haber hizmetine kay\u0131t olunmas\u0131na y\u00f6nelik pazarlama \u00e7a\u011fr\u0131lar\u0131n\u0131 i\u00e7eriyor.<\/p>\n
Ge\u00e7mi\u015fteki teredd\u00fctlerimizin gelecekteki ad\u0131mlar\u0131m\u0131z\u0131 belirlemesine izin veremeyiz; \u00f6zellikle de k\u0131ymetli metaller i\u00e7in \u00f6n\u00fcm\u00fczdeki yol bu kadar netken. T\u00fcrev i\u015flem yat\u0131r\u0131mc\u0131lar\u0131 olarak, itibari para birimlerinin de\u011ferini a\u015f\u0131nd\u0131rmay\u0131 s\u00fcrd\u00fcren devam eden parasal de\u011fer kayb\u0131ndan (monetary debasement) faydalanmam\u0131z gerekiyor. \u00d6n\u00fcm\u00fczdeki haftalarda, alt\u0131n ve g\u00fcm\u00fc\u015fteki yukar\u0131 y\u00f6nl\u00fc seyrden k\u00e2r elde edecek \u015fekilde pozisyon almal\u0131y\u0131z.<\/p>\n
Son veriler, d\u00fcnya genelinde merkez bankalar\u0131n\u0131n tarih\u00ee h\u0131zlarda alt\u0131n biriktirmeye devam etti\u011fini; net al\u0131mlar\u0131n 1.000 tonun \u00fczerindeki rekor seviyelere yak\u0131n seyretti\u011fini g\u00f6steriyor. Ayn\u0131 zamanda alt\u0131n\u0131n ons ba\u015f\u0131na 2.500 dolar\u0131n olduk\u00e7a \u00fczerinde g\u00fc\u00e7l\u00fc \u015fekilde i\u015flem g\u00f6rmesi, piyasalar\u0131n enflasyon endi\u015felerinin bitmedi\u011fine i\u015faret ediyor. Bu makroekonomik zemin, k\u0131ymetli metallere g\u00fc\u00e7l\u00fc ve istikrarl\u0131 bir destek r\u00fczg\u00e2r\u0131 sa\u011fl\u0131yor; bunu g\u00f6z ard\u0131 etmemeliyiz.<\/p>\n
Bu trendden yararlanmak i\u00e7in, yukar\u0131 y\u00f6nl\u00fc potansiyeli yakalarken ba\u015flang\u0131\u00e7 riskini s\u0131n\u0131rlamak amac\u0131yla alt\u0131n ve g\u00fcm\u00fc\u015fte orta vadeli al\u0131m opsiyonlar\u0131na (call) y\u00f6nelmeyi de\u011ferlendirmeliyiz. GLD ve SLV gibi likit ETF\u2019lerde bo\u011fa call spread\u2019leri kullanmak, beklenen yukar\u0131 momentumdan kald\u0131ra\u00e7l\u0131 faydalanmak i\u00e7in etkili bir y\u00f6ntemdir. \u015eimdi pozisyon almak, \u00e7ok fazla sermayeyi ba\u011flamadan bu yap\u0131sal bo\u011fa piyasas\u0131n\u0131n kazan\u00e7lar\u0131n\u0131 yakalamam\u0131za olanak tan\u0131r.<\/p>\n
Tarihsel olarak, merkez bankalar\u0131 kal\u0131c\u0131 enflasyon ortam\u0131nda faiz indirim d\u00f6ng\u00fclerine girdi\u011finde, k\u0131ymetli metaller en g\u00fc\u00e7l\u00fc ralli d\u00f6nemlerinden baz\u0131lar\u0131n\u0131 ya\u015far. K\u00fcresel para politikas\u0131 ekonomik b\u00fcy\u00fcmeyi destekleyecek y\u00f6ne kayarken, bu g\u00fcvenli liman varl\u0131klar\u0131n\u0131 elde tutman\u0131n f\u0131rsat maliyeti h\u0131zla d\u00fc\u015f\u00fcyor. Bug\u00fcn do\u011fru taktik kararlar\u0131 verelim ki fiyatlar ka\u00e7\u0131n\u0131lmaz bi\u00e7imde s\u0131\u00e7rad\u0131\u011f\u0131nda \u201cke\u015fke harekete ge\u00e7seydik\u201d demeyelim.<\/p>\n\n\n\n
Hemen i\u015flem yapmaya ba\u015flay\u0131n \u2014 ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n.<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":" Ka\u00e7\u0131ran \u00e7ok, pi\u015fman olan daha fazla: Royal Mint anketine g\u00f6re \u0130ngiltere\u2019de \u00fc\u00e7te biri alt\u0131n, %30\u2019u g\u00fcm\u00fc\u015f f\u0131rsat\u0131n\u0131 ka\u00e7\u0131rd\u0131. Fiyatlar 5 y\u0131lda %150\/%200 y\u00fckseldi; benimseme d\u00fc\u015f\u00fck. Merkez bankalar\u0131 al\u0131mlar\u0131 destekliyor.<\/p>\n","protected":false},"author":87,"featured_media":50093,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-53136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t