{"id":8800,"date":"2026-01-31T23:06:07","date_gmt":"2026-01-31T23:06:07","guid":{"rendered":"https:\/\/bihavadis.com\/?p=8800"},"modified":"2026-01-31T23:06:07","modified_gmt":"2026-01-31T23:06:07","slug":"piyasa-uzmani-acikladi-altin-fiyatlarindaki-sicrayis-devam-eder-mi","status":"publish","type":"post","link":"https:\/\/bihavadis.com\/index.php\/2026\/01\/31\/piyasa-uzmani-acikladi-altin-fiyatlarindaki-sicrayis-devam-eder-mi\/","title":{"rendered":"Piyasa uzman\u0131 a\u00e7\u0131klad\u0131: Alt\u0131n fiyatlar\u0131ndaki s\u0131\u00e7ray\u0131\u015f devam eder mi?"},"content":{"rendered":"<p>Alt\u0131n\u0131n son 25 y\u0131ll\u0131k fiyat hareketleri incelendi\u011finde, b\u00fcy\u00fck s\u0131\u00e7ramalar\u0131n a\u011f\u0131rl\u0131kl\u0131 olarak ocak ve a\u011fustos aylar\u0131nda ger\u00e7ekle\u015fti\u011fi g\u00f6r\u00fcl\u00fcyor.<\/p>\n<p>Ensonhaber&#8217;e de\u011ferlendirmede bulunan Alt\u0131n ve Para Piyasalar\u0131 Uzman\u0131 Canda\u015f Atalay\u2019a g\u00f6re,<span>\u00a0b<\/span>u nedenle son y\u00fckseli\u015f s\u00fcrpriz olarak de\u011ferlendirilmese de ya\u015fanan fiyat hareketleri, klasik tahminlerin \u00e7ok \u00f6tesine ge\u00e7mi\u015f durumda.<\/p>\n<p><strong>&#8220;B\u0130R YILLIK MESAFE B\u0130R AYDA ALINDI&#8221;<\/strong><\/p>\n<p>Alt\u0131n ve g\u00fcm\u00fc\u015f\u00fcn normalde bir y\u0131lda kat etmesi beklenen mesafeyi bir ayda almas\u0131, piyasalar\u0131n art\u0131k <b><em>\u201cbilinmeyen sulara\u201d <\/em><\/b>girdi\u011fine i\u015faret ediyor.<\/p>\n<p><strong>Y\u00dcKSEK ENFLASYONUN ADIMLARI<\/strong><\/p>\n<p>Atalay, bug\u00fcn alt\u0131ndaki y\u00fckseli\u015fin temel nedenini, d\u00fcnyada yakla\u015fan y\u00fcksek enflasyonun \u015fimdiden fiyatlanmas\u0131 ve tarihsel veriler, alt\u0131n\u0131n mevcut enflasyondan \u00e7ok, gelecekte olu\u015fmas\u0131 beklenen enflasyona tepki verdi\u011fini ortaya koydu\u011funu savunuyor.<\/p>\n<p><strong>ALTIN ENFLASYONU \u00d6NCEDEN F\u0130YATLIYOR<\/strong><\/p>\n<p>Atalay\u2019a g\u00f6re alt\u0131n\u0131n en g\u00fc\u00e7l\u00fc oldu\u011fu d\u00f6nemler, enflasyonun hen\u00fcz hissedilmedi\u011fi ancak beklentilerin y\u00fckseldi\u011fi zamanlar oluyor. \u00c7\u00fcnk\u00fc yat\u0131r\u0131mc\u0131lar, para birimlerinin sat\u0131n alma g\u00fcc\u00fcn\u00fcn zay\u0131flayaca\u011f\u0131n\u0131 \u00f6ng\u00f6rd\u00fcklerinde ilk olarak alt\u0131na y\u00f6neliyor.<\/p>\n<p>Bu s\u00fcre\u00e7te alt\u0131n, y\u00fcksek enflasyon ya\u015fan\u0131rken de\u011fil, enflasyon gelmeden \u00f6nce en etkili korumay\u0131 sa\u011fl\u0131yor.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/bihavadis.com\/wp-content\/uploads\/2026\/01\/piyasa-uzmani-acikladi-altin-fiyatlarindaki-sicrayis-devam-eder-mi-0-34NqnO1x.jpg\"\/><\/p>\n<p><strong>D\u00d6NG\u00dc HEP AYNI \u0130\u015eL\u0130YOR<\/strong><\/p>\n<p>Ge\u00e7mi\u015fte defalarca g\u00f6zlemlenen ekonomik d\u00f6ng\u00fc bug\u00fcn de benzer \u015fekilde ilerliyor:<\/p>\n<p>-H\u00fck\u00fcmetler ekonomiyi canland\u0131rmak i\u00e7in para musluklar\u0131n\u0131 a\u00e7\u0131yor<\/p>\n<p>-Piyasalarda likidite art\u0131yor<\/p>\n<p>-Bireyler paran\u0131n de\u011ferini korumak i\u00e7in alt\u0131na ve di\u011fer varl\u0131klara y\u00f6neliyor<\/p>\n<p>-Varl\u0131k fiyatlar\u0131 y\u00fckseliyor<\/p>\n<p>-Ard\u0131ndan enflasyon patl\u0131yor<\/p>\n<p>-Merkez bankalar\u0131 faiz art\u0131r\u0131mlar\u0131na ba\u015fl\u0131yor<\/p>\n<p>Bu noktada d\u00f6ng\u00fc tersine d\u00f6n\u00fcyor.<\/p>\n<p><strong>Y\u00dcKSEK ENFLASYONDA ALTIN NEDEN ZAYIFLIYOR?<\/strong><\/p>\n<p>Alt\u0131n, faiz getirisi olmayan bir varl\u0131k. Enflasyon y\u00fckselip merkez bankalar\u0131 faiz art\u0131rd\u0131\u011f\u0131nda, yat\u0131r\u0131mc\u0131 a\u00e7\u0131s\u0131ndan risksiz faiz getirisi yeniden cazip hale geliyor.<\/p>\n<p><strong>&#8220;ALTINA PARK EDEN FA\u0130ZE Y\u00d6NELECEK&#8221;<\/strong><\/p>\n<p>Bu da alt\u0131na park eden paran\u0131n faize y\u00f6nelmesine neden oluyor.<\/p>\n<p>Bu nedenle alt\u0131n, y\u00fcksek enflasyon d\u00f6nemlerinde de\u011fil, enflasyon \u00f6ncesi d\u00f6nemde g\u00fc\u00e7l\u00fc performans sergiliyor.<\/p>\n<p><strong>&#8220;PANDEM\u0130 SONRASI DENGE DE\u011e\u0130\u015eT\u0130&#8221;<\/strong><\/p>\n<p>Canda\u015f Atalay\u2019a d\u00fcnyada alt\u0131n g\u00fcndemini \u015fu ifadelerle de\u011ferlendirdi:<\/p>\n<p>Pandemi s\u00fcrecinde ABD Merkez bankas\u0131 (Fed) ve Avrupa Merkez Bankas\u0131 (ECB) bilan\u00e7olar\u0131n\u0131n 10 trilyon dolar ve euroyu a\u015fmas\u0131yla piyasaya b\u00fcy\u00fck miktarda likidite girdi. Ancak bu para a\u011f\u0131rl\u0131kl\u0131 olarak kripto paralar ve hisse senetlerine y\u00f6neldi. Bu durum, varl\u0131k fiyatlar\u0131nda kontroll\u00fc bir art\u0131\u015f sa\u011flad\u0131.<\/p>\n<p>Bug\u00fcn durum farkl\u0131 \u00e7\u00fcnk\u00fc yat\u0131r\u0131mc\u0131lar hisse senedi endekslerinin a\u015f\u0131r\u0131 y\u00fckselmi\u015f olmas\u0131 ve yapay zeka balonu korkusu ile kripto paralar\u0131n ise ABD&#8217;nin borcunu finanse etmek i\u00e7in bu piyasay\u0131 kullanmaya ba\u015flamas\u0131yla art\u0131k buray\u0131 da merkeziyetsiz olmamas\u0131 ve g\u00fcven kayb\u0131 sebebiyle alt\u0131na y\u00f6neliyorlar.<\/p>\n<p><strong>&#8220;ALTINDAK\u0130 B\u0130R\u0130K\u0130M YATIRIM DE\u011e\u0130L, G\u00dcVENCE&#8221;<\/strong><\/p>\n<p>Canda\u015f Atalay\u2019a g\u00f6re alt\u0131n, di\u011fer varl\u0131klardan bu noktada ayr\u0131\u015f\u0131yor. Kripto paralar ve borsadaki tasarruflar a\u011f\u0131rl\u0131kl\u0131 olarak yat\u0131r\u0131m amac\u0131 ta\u015f\u0131rken, alt\u0131ndaki birikimler tamamen de\u011fer koruma motivasyonu ile tutuluyor.<\/p>\n<p><span><b>&#8220;ALTININ ENFLASYONU BA\u015eKA H\u0130\u00c7B\u0130R \u015eEYE BENZEMEZ&#8221;<\/b><\/span><\/p>\n<p>Atalay&#8217;\u0131n bu konudaki g\u00f6r\u00fc\u015fleri \u015f\u00f6yle:<\/p>\n<p>Alt\u0131n\u0131n enflasyonu ba\u015fka hi\u00e7bir \u015feye benzemez. \u00c7\u00fcnk\u00fc kripto para ve borsalarda bulunan tasarruflar yat\u0131r\u0131m ama\u00e7l\u0131d\u0131r ve d\u00f6ng\u00fc i\u00e7erisinde farkl\u0131 alternatiflerle hareket eder. Fakat alt\u0131nda park eden birikimler tamamen paran\u0131n de\u011ferini koruma ve \u00f6n\u00fcm\u00fczdeki d\u00f6nemde sat\u0131n al\u0131nmas\u0131 planlanan, konut, ara\u00e7, dayanakl\u0131 t\u00fcketim mal\u0131 vb. gibi motivasyonla bekler. Ana ama\u00e7 hi\u00e7bir zaman yat\u0131r\u0131m de\u011fil de\u011fer korumdad\u0131r.<\/p>\n<p><strong>&#8220;ALTIN, KAR\u015eI TARAF R\u0130SK\u0130 OLMAYAN TEK GER\u00c7EK VARLIK&#8221;<\/strong><\/p>\n<p>D\u00fcnyada dolar\u0131n oynakl\u0131\u011f\u0131n\u0131n artmas\u0131, yapt\u0131r\u0131m arac\u0131 olarak kullan\u0131lmas\u0131 ve \u00fclkelerin rezerv \u00e7e\u015fitlendirme \u00e7abalar\u0131 h\u0131z kazanm\u0131\u015f durumda. Bu s\u00fcre\u00e7te, y\u00fcksek likiditeye sahip ve kar\u015f\u0131 taraf riski ta\u015f\u0131mayan tek varl\u0131k olarak alt\u0131n \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n<p>Atalay\u2019a g\u00f6re, k\u00fcresel sistemde g\u00fcvenin zay\u0131flad\u0131\u011f\u0131 bu d\u00f6nemde alt\u0131n, yeniden finansal sistemin temel dayanaklar\u0131ndan biri haline gelmi\u015f durumda.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alt\u0131n ve Para Piyasalar\u0131 Uzman\u0131 Canda\u015f Atalay\u2019a g\u00f6re, k\u00fcresel \u00f6l\u00e7ekte artan belirsizlik, d\u00fc\u015f\u00fck faiz politikalar\u0131 ve dolar\u0131n de\u011fer kayb\u0131 beklentisi, alt\u0131n\u0131 yeniden en g\u00fc\u00e7l\u00fc \u201cde\u011fer koruma arac\u0131\u201d haline getirdi. Alt\u0131n, ge\u00e7mi\u015fte oldu\u011fu gibi yine enflasyon gelmeden \u00f6nce sinyal veriyor.<\/p>\n","protected":false},"author":1,"featured_media":8801,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[387,75,260,2014,216],"class_list":["post-8800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi","tag-altin","tag-enflasyon","tag-para","tag-varlik","tag-yatirim"],"_links":{"self":[{"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/posts\/8800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/comments?post=8800"}],"version-history":[{"count":1,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/posts\/8800\/revisions"}],"predecessor-version":[{"id":8803,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/posts\/8800\/revisions\/8803"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/media\/8801"}],"wp:attachment":[{"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/media?parent=8800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/categories?post=8800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/tags?post=8800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}