Investment advice from an expert! He explained it by saying, 'Choose this instead of gold'

In recent weeks, gold per ounce had seen the 2,700 dollar level, and gram gold had passed the 3,000 lira threshold. Following this volatility in gold, investors continued to closely monitor the yellow metal.

Gold and Money Markets Expert İslam Memiş shared his expectations for gold and reminded investors of another investment vehicle by using the words, "I prefer this instead of gold."

So, how much is gram gold on October 28, 2024? How much is quarter gold? Here is the answer...

Gold prices had continued to rise following geopolitical tensions, the expected November 5 elections in the US, and expectations of interest rate cuts from central banks.

While there was high demand for gold, which has earned its investors a 52 percent return since the beginning of the year, gold had become untouchable after the consecutive records it broke recently.

Silver, which earned more than gold but is not focused on as much, had provided a 63 percent gain.

While gram gold is hovering in the 3,019 lira band, quarter gold has exceeded 4,950 lira. As gold prices are expected to rise even further, Gold and Money Markets Expert İslam Memiş explained his expectations for the yellow metal in his column on TV100.

HE PREFERS EURO INSTEAD OF GOLD!

Stating that gold per ounce is fluctuating in the 2,717-2,757 dollar range, Memiş said, "News flow from the Middle East can be used for manipulation pricing. Even though the 2,780 dollar level is a target for me, I prefer to watch from the sidelines."

Stating that he prefers the Euro instead of gold, Memiş said, "I cannot see the rises as healthy until profit-taking occurs. For this week, I will follow the 2,717-2,768 dollar range. Gram gold investors should still follow gold per ounce. Wherever the ounce goes, the gram follows."

"THE CHAMPION OF 2025 WILL ALSO BE SILVER"

Making statements regarding silver per ounce as well, Memiş used the following sentences:

"Silver per ounce (xag/usd) closed at the 33.70 dollar level. It underwent profit-taking due to the ratio. The ratio rose back to the 81.52 level. My expectation for a rise in the medium and long term continues. I would like to remind you that just as I declared it the champion of 2024, I also declare it the champion of 2025. I will see the declines as a buying opportunity.

It has room to go down. I find it appropriate to make gradual purchases. I expect a pullback in the short term and new records in the medium and long term. For this week, I will follow the 33.50-34.50 dollar range. Gram silver investors should still follow silver per ounce. Wherever silver per ounce goes, gram silver follows."