Dünyada ve Türkiye`de altın ticareti

Abstract

Page 172 INTRODUCTION Gold is defined as bright yellow colored, heavy, soft, lustrous metallic element with symbol Au, and which has a density of 19.2Sgr /cm3, and a melting point of 10&3 aC in dictionaries» The definitions of the economists is really interesting ş The only point that the human-beings who cannot agree on language, religion, culture, tradition, art and politics among them agree on the value of gold. Gold is used as the saving commodity and the measure of the prices in all eras» Gold is the metal which can be transacted with the same value in all markets and most easily sold metal» In the 19**`1 Century, the national economists which calls gold as the ` Barbarous Metal ` was claiming that gold could not be valuable in a modern economy» In the following years Lenin claimed that gold would be used only for covering the luxurious walls in the future» But today we see that gold still keeps its importance and its value. Although it is not as usable as the old for legal payments, it still determines the base of the decisions and the predictions of the investors, the value of the money and also the industrial usage of gold increases day by day» Gold is not interesting for the asset investments in the European markets. The gold investors are the ones who havePage 173 the capability to predict the changes in the financial markets and the world economy. Since, under a stable economical condition a high profit can not be expected from the money which was invested in gold. The position of the gold investments which have a high risk in the developing countries is very different. Since the money loses its value in those countries continuously, people invest in gold to avoid losing the value of their assets. The total amount of gold that has been processed since the ancient times is approximately 110.000 tons. One third of that amount of gold is used for official investments, the other one third is used for private investments and the rest is used for jewellery. In the first chapter of this report, the effects of gold on the societies and the importance of gold in the economy in the old are presented. The following chapters are about the first appearance of future gold exchange markets, the spot and future transactions in the world, the properties of some important gold exchange markets and transaction times of those gold exchange markets. In the last chapters the importance of gold in the time of Ottomans and in the time of Turkish Republic are compared. The other chapters of this research is to tell to the media the unknown face of the OLD BAZAAR and its properties that is special to it. In the lastPage 174 chapter, the general properties of producers and processors market in the Grand Bazaar is told=