{"id":2616,"date":"2026-06-15T14:31:14","date_gmt":"2026-06-15T11:31:14","guid":{"rendered":"https:\/\/fxknews.com\/?p=2616"},"modified":"2026-06-15T14:36:35","modified_gmt":"2026-06-15T11:36:35","slug":"singapur-fiziki-altin-yatirimlarina-yonelik-fon-sinirlamasini-5-oraninda-kaldiracak","status":"publish","type":"post","link":"https:\/\/fxknews.com\/?p=2616","title":{"rendered":"Singapur, Fiziki Alt\u0131n Yat\u0131r\u0131mlar\u0131na Y\u00f6nelik Fon S\u0131n\u0131rlamas\u0131n\u0131 %5 Oran\u0131nda Kald\u0131racak"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">%5&#8217;lik \u00fcst s\u0131n\u0131r\u0131n kald\u0131r\u0131lmas\u0131, alt\u0131n ak\u0131\u015flar\u0131 i\u00e7in yap\u0131sal olarak en \u00f6nemli unsurdur: Singapur&#8217;daki uygun fonlar ve aile ofisleri fiziksel tahsislerinde k\u0131s\u0131tlanm\u0131\u015ft\u0131 ve bu tavan\u0131n kald\u0131r\u0131lmas\u0131, Asya&#8217;n\u0131n en derin y\u00f6netilen sermaye havuzlar\u0131ndan birinden anlaml\u0131 bir ek talep yaratacakt\u0131r. Merkez bankas\u0131n\u0131n Ekim ay\u0131na kadar alt\u0131n arz\u0131n\u0131 art\u0131rma duyurusu, b\u00f6lgenin ba\u015fka yerlerinde tutulan devlet ve rezerv y\u00f6neticisi alt\u0131n\u0131na y\u00f6nelik do\u011frudan bir hamledir ve Asya i\u015flem saatlerindeki likidite arg\u00fcman\u0131 hem Londra hem de Z\u00fcrih&#8217;e kar\u015f\u0131 a\u00e7\u0131k bir hamledir. JPMorgan, Deutsche Bank ve Singapur&#8217;un \u00fc\u00e7 b\u00fcy\u00fck bankas\u0131 da dahil olmak \u00fczere alt\u0131 kurucu \u00fcyesi olan tezgah \u00fcst\u00fc takas sistemi, Loco Singapore&#8217;a fiyatland\u0131rma \u00f6l\u00e7\u00fct\u00fc olarak eksik olan kurumsal mimariyi kazand\u0131r\u0131yor. Hong Kong da alt\u0131n vadeli i\u015flemlerinde ayn\u0131 y\u00f6nde ilerliyor ve iki merkez aras\u0131ndaki rekabet dinami\u011fi, Londra sabitlemesine alternatif olarak Asya saatlerinde alt\u0131n fiyat\u0131 ke\u015ffinin geli\u015fimini h\u0131zland\u0131racakt\u0131r. Fiziksel olarak teslim edilebilir vadeli i\u015flemler, piyasaya s\u00fcr\u00fcl\u00fcrse, zirve noktas\u0131 olacakt\u0131r.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Singapur<\/strong>, %5&#8217;lik fon alt\u0131n s\u0131n\u0131r\u0131n\u0131 kald\u0131racak, alt\u0131 bankayla birlikte tezgah \u00fcst\u00fc Loco Singapore takas sistemini ba\u015flatacak, Ekim ay\u0131na kadar merkez bankas\u0131 kasa sistemini uygulamaya koyacak ve fiziki teslimatl\u0131 alt\u0131n vadeli i\u015flemlerini ara\u015ft\u0131racak.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">\u0130\u00e7indekiler<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/fxknews.com\/?p=2616\/#Ozet\" >\u00d6zet:<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Ozet\"><\/span>\u00d6zet:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Kaynak: Ba\u015fbakan Yard\u0131mc\u0131s\u0131 Gan Kim Yong, Asya-Pasifik De\u011ferli Metaller Konferans\u0131; Reuters<\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Singapur Para Otoritesi (MAS), uygun fonlar ve aile ofisleri i\u00e7in vergi te\u015fvik programlar\u0131 kapsam\u0131nda fiziki de\u011ferli metallere yap\u0131lan yat\u0131r\u0131mlara uygulanan %5&#8217;lik \u00fcst s\u0131n\u0131r\u0131 kald\u0131racak.<\/li>\n\n\n\n<li>SGX, y\u0131l sonuna kadar Loco Singapore i\u00e7in tezgah \u00fcst\u00fc alt\u0131n takas sistemi kuracak ve DBS, Deutsche Bank, ICBC Standard Bank, JPMorgan, OCBC ve UOB kurucu \u00fcye bankalar olarak yer alacak.<\/li>\n\n\n\n<li>MAS, Ekim ay\u0131na kadar yabanc\u0131 merkez bankalar\u0131 ve devlet kurulu\u015flar\u0131 i\u00e7in merkez bankas\u0131 alt\u0131n saklama hizmetlerini ba\u015flatacak.<\/li>\n\n\n\n<li>SGX, Loco Singapore&#8217;da fiyat ke\u015ffini ve risk y\u00f6netimini desteklemek amac\u0131yla fiziki teslimatl\u0131 bir alt\u0131n vadeli i\u015flem s\u00f6zle\u015fmesi \u00fczerinde \u00e7al\u0131\u015f\u0131yor.<\/li>\n\n\n\n<li>Bu ad\u0131mlar, bu y\u0131l\u0131n ba\u015flar\u0131nda kurulan bir \u00e7al\u0131\u015fma grubunun \u00e7al\u0131\u015fmalar\u0131n\u0131 takip ediyor ve DBS&#8217;nin bireysel m\u00fc\u015fteriler i\u00e7in tokenle\u015ftirilmi\u015f fiziki alt\u0131n piyasaya s\u00fcrmesi ve OCBC&#8217;nin kurumsal alt\u0131n saklama hizmeti sunmas\u0131yla paralel ilerliyor.<\/li>\n\n\n\n<li>Hong Kong, b\u00f6lgesel alt\u0131n merkezi stat\u00fcs\u00fc i\u00e7in rekabetin yo\u011funla\u015fmas\u0131yla birlikte alt\u0131n vadeli i\u015flemlerinin yeniden ba\u015flat\u0131lmas\u0131n\u0131 ayr\u0131 olarak de\u011ferlendiriyor.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Singapur, Asya&#8217;da bask\u0131n alt\u0131n ticaret merkezi olarak konumlanmas\u0131n\u0131 ama\u00e7layan bir dizi \u00f6nlemi a\u00e7\u0131klad\u0131. Ba\u015fbakan Yard\u0131mc\u0131s\u0131 Gan Kim Yong, Pazartesi g\u00fcn\u00fc Asya-Pasifik De\u011ferli Metaller Konferans\u0131&#8217;nda uzun s\u00fcredir y\u00fcr\u00fcrl\u00fckte olan yat\u0131r\u0131m s\u0131n\u0131rlamas\u0131n\u0131n kald\u0131r\u0131ld\u0131\u011f\u0131n\u0131, yeni bir tezgah \u00fcst\u00fc (OTC) takas sistemini ve merkez bankas\u0131 kasa hizmetlerini duyurdu.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sermaye ak\u0131\u015flar\u0131 i\u00e7in en acil de\u011fi\u015fiklik, uygun fonlar ve aile ofisleri i\u00e7in MAS vergi te\u015fvik programlar\u0131 kapsam\u0131nda fiziki de\u011ferli metallere yap\u0131lan yat\u0131r\u0131mlara getirilen %5&#8217;lik tavan s\u0131n\u0131r\u0131n\u0131n kald\u0131r\u0131lmas\u0131d\u0131r. Bu s\u0131n\u0131r, Singapur&#8217;da y\u00f6netilen paran\u0131n fiziki alt\u0131na ne kadar yat\u0131r\u0131m yapabilece\u011fini k\u0131s\u0131tl\u0131yordu ve kald\u0131r\u0131lmas\u0131, b\u00f6lgenin en yo\u011fun kurumsal ve \u00f6zel servet havuzlar\u0131ndan birinden \u00f6nemli \u00f6l\u00e7\u00fcde daha b\u00fcy\u00fck yat\u0131r\u0131mlar\u0131n \u00f6n\u00fcn\u00fc a\u00e7\u0131yor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Singapur Borsas\u0131, y\u0131l sonundan \u00f6nce Singapur&#8217;da saklanan fiziki alt\u0131n\u0131 ifade eden Loco Singapore i\u00e7in tezgah \u00fcst\u00fc bir takas sistemi kuracak. Alt\u0131 kurum kurucu takas \u00fcyesi olarak g\u00f6rev yapacak: DBS, Deutsche Bank, ICBC Standard Bank, JPMorgan, OCBC ve UOB. Takas altyap\u0131s\u0131, Loco Singapore&#8217;a Londra ve Z\u00fcrih&#8217;in yan\u0131nda g\u00fcvenilir bir referans noktas\u0131 olarak i\u015flev g\u00f6rmesi i\u00e7in gereken \u00f6deme altyap\u0131s\u0131n\u0131 sa\u011flayacak.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Singapur Para Otoritesi, Ekim ay\u0131na kadar, Asya i\u015flem saatlerine ba\u011fl\u0131 likiditeye sahip g\u00fcvenli saklama arayan yabanc\u0131 merkez bankalar\u0131 ve devlet varl\u0131k fonlar\u0131n\u0131 hedefleyen merkez bankas\u0131 alt\u0131n saklama hizmetlerini sunmaya ba\u015flayacak. Gan, bu teklifi a\u00e7\u0131k\u00e7a bir rezerv varl\u0131k \u00f6nerisi olarak, halihaz\u0131rda Bat\u0131 zaman dilimlerinde alt\u0131n tutan kurumlara y\u00f6nelik do\u011frudan bir teklif olarak \u00e7er\u00e7eveledi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">SGX ayr\u0131ca, Loco Singapore piyasas\u0131na fiyat ke\u015ffi ve riskten korunma olana\u011f\u0131 ekleyecek, fiziki teslimatl\u0131 bir alt\u0131n vadeli i\u015flem s\u00f6zle\u015fmesini de inceliyor. Hong Kong da paralel bir yol izliyor ve HKEX alt\u0131n vadeli i\u015flemlerinin yeniden ba\u015flat\u0131lmas\u0131n\u0131 ara\u015ft\u0131r\u0131yor; bu da Asya alt\u0131n merkezi \u00f6nceli\u011fi yar\u0131\u015f\u0131n\u0131 her iki tarafta da ger\u00e7ek bir ivmeyle iki \u015fehir aras\u0131nda bir rekabete d\u00f6n\u00fc\u015ft\u00fcr\u00fcyor.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>%5&#8217;lik \u00fcst s\u0131n\u0131r\u0131n kald\u0131r\u0131lmas\u0131, alt\u0131n ak\u0131\u015flar\u0131 i\u00e7in yap\u0131sal olarak en \u00f6nemli unsurdur: Singapur&#8217;daki uygun fonlar ve aile ofisleri fiziksel tahsislerinde<\/p>\n","protected":false},"author":1,"featured_media":2619,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[1],"tags":[78,104],"class_list":["post-2616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finansal-piyasalar","tag-altin","tag-xauusd"],"_links":{"self":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/2616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2616"}],"version-history":[{"count":1,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/2616\/revisions"}],"predecessor-version":[{"id":2618,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/2616\/revisions\/2618"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/media\/2619"}],"wp:attachment":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}