Islam Memiş’s article on tv100.com titled ‘The one who’s in a rush won’t be caught by the 2023 hikes’
2023 hikes in taxes, charges and penalties have been introduced.
The brand new hikes are 122.93 %.
The Turkish Statistical Institute (TÜİK) introduced the inflation determine for October yesterday.
In October, inflation elevated by 3.54 % in CPI.
On an annual foundation, inflation rose to 85.51%.
Whereas the home PPI elevated by 7.83 % in October, it elevated by 157.69 % on an annual foundation.
As such, a desk emerged within the lease enhance charges.
The November enhance charge for the office was 65.26 %.
Till July 2023, the speed of enhance in residential rents was decided as 25 %.
Earlier than 2023 comes, it’s essential to take some measures.
If our passport has expired, if we have now tax money owed, if we’re going to pay charges for our new works, it’s financially advantageous to handle many issues akin to driver’s license and gun license upfront.
Particularly those that are considering of doing building ought to deal with their tasks, charges and taxes earlier than 2023.
Unpaid money owed and penalties ought to be checked by way of e-government.
As a result of yearly new will increase are added to all unpaid or uncared for quantities.
Has inflation peaked?
The Turkish Statistical Institute (TÜİK) introduced that inflation has elevated yesterday.
Nonetheless, inflation might have peaked because of the base impact.
We may even see a decline in November and December inflation.
With the measures taken by the CBRT and the BRSA, a regression might be anticipated for the quick time period.
Until there’s a deterioration within the present financial circumstances, the expectation of the CBRT might come true.
As of subsequent month, the smooth touchdown of the numbers might not be mirrored available on the market, market or cabinets instantly.
For its reflection, the greenback additionally wants to say no.
It will also be seen from March of 2023.
Within the article “Gold mania in banks” on tv100.com, Islam Memiş warned:
The underlying motive why treasured metals akin to gold and silver are suppressed in 2022 isn’t just the Fed, it is the inventory!
Whereas treasured metals akin to gold and silver have been suppressed, central banks stocked up on gold like loopy.
It was no shock to us.
Central banks bought 399 tons of gold price $20 billion within the third quarter of the yr.
Apart from the gold shares of non-disclosure international locations akin to China and Russia.
There are additionally doubts about which international locations maintain their bodily gold wherein international locations.
They maintain it secret.
The Central Financial institution of the Republic of Turkey (CBRT) is among the international locations that has elevated its gold reserves.
Good luck CBRT.
Within the third quarter, the CBRT purchased 31 tons of gold, growing its reserves to 489 tons.
CBRT purchased 95 tons of gold in 9 months.
Gold demand for jewelery additionally rose within the third quarter to the very best degree for the reason that fourth quarter of 2017.
Within the quarterly report of the World Gold Council (WGC), gold demand for jewelery elevated by 19 % within the third quarter in comparison with the identical interval of the earlier yr and reached 11 tons.
Retail gold demand for funding in Turkey elevated greater than 5 instances within the third quarter to 47 tons.
The World Gold Council (WGC) collected almost 400 tons of treasured metals from central banks within the third quarter, which is greater than 4 instances as a lot because the earlier yr.
The 22 % depreciation within the ounce worth of gold made the central banks smile.
Specifically, I want to remind you that I’ve been saying for 3 months, “Suppression works for them, they gather from the underside, they refill”.
The figures introduced yesterday have confirmed this concept.
Sure, central banks have elevated their gold shares.
There was an explosion within the demand of each the sectors for the manufacturing of merchandise with workmanship and the residents for funding functions in Turkey.
Central banks will announce their digital currencies within the first quarter of 2023.
I can say that the time has come for gold-based digital currencies.
The explanations akin to growing geopolitical dangers, utilizing the greenback as a weapon, and macroeconomic confidence have been efficient within the enhance in gold shares.
Huplet first, then thump.
It’s completely different for central banks to extend their gold shares, and it’s completely different for world traders to extend bodily gold demand within the comex.
There may be additionally a severe demand for bodily gold on the planet.
That is no surprise.
We’ll quickly discover out why.
Those that purchase low-cost will promote on the high.
The underside has been seen, and the highest does not final lengthy…
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