Market specialist Selçuk Geçer has warned that he will invest in gold and dollars on his Youtube channel. “There is no horizon in the management of Turkey’s economy”, said Geçer, “do not invest to make money”.
Gold and money market specialist Selçuk Geçer, who analyzes the markets through his social media accounts, drew attention to “stagflation” in his newly released Youtube video. By saying, “The storm is approaching,” Geçer seriously warned gold and dollar investors. Here are Geçer’s evaluations on the markets.
SCARY NOTICE FOR THE DOLLAR!
The fact that the dollar remained stable at 14 for a long time also started to worry the investor. Wondering whether the dollar will rise or not, the investor turned to expert opinion. While continuing to spark curiosity about what will happen to the dollar, market specialist Selçuk Geçer made a frightening comment. Geçer stressed that Turkey went all the way to the crisis and warned against stagflation. Saying “We will sleep less and stay awake more”, Geçer said:
“A storm is approaching. Sometimes, when we say ‘we see the sun’, we see that we are getting to the bottom of the crisis with new news. Not only from Turkey. There is no good news from the world either. Gold continues to hold its own. its high prices. But why doesn’t the dollar go up despite all this? The dollar isn’t stable. On the contrary. We will sleep little these days. We will stay awake too long. “
“THE DOLLAR IS OVER 20 TL NOW”
“Why are we approaching the storm?” Answering the question in detail, Geçer said: “Because expectations are deteriorating in Turkey too. Currency expectations are rising compared to the end of the year. These are good expectations. When we look at prices in Turkey, it shows that the dollar it actually exceeds 20 lire. There seems to be a 50 percent increase. Compared to the dollar. “There’s a 40 percent difference when we adjust it. When we put it on the foreign currency, we see that there is a 20 lira price. “
STAGFLATION IS COMING
Looking at Turkey’s growth rates, Geçer said we will face high inflation at the end of the year. Saying that year-end expectations will reach 46%, Geçer said: “My expectation is that I have doubled inflation. At the end of 2022, growth has declined from 3.4% to 3.2%. In Turkey a stagflation is observed “.
FX ESCAPE STARTS AFTER THE FED’S DECISION
After the Federal Reserve’s (FED) interest rate hike by 75 basis points, Geçer said, “This is a foreign exchange flight to America. The dollar means euro gold will flee to the United States. . The dollar index will rise above 100. “
“WHAT FUEL IS, IT WILL BE AT THE EXCHANGE LEVEL”
Speaking of investments, Geçer warned: “Don’t invest to make money. Definitely don’t borrow in foreign currency. Because I don’t see a horizon when it comes to managing the economy in Turkey. If the price of something goes up too much, you’re far There are those who say they made a mistake last year. In this country, diesel fuel If it is 28 lire, you understand that the currency will go there, “he said.