{"id":5657,"date":"2026-04-16T16:57:46","date_gmt":"2026-04-16T13:57:46","guid":{"rendered":"https:\/\/datakapital.com\/blog\/?p=5657"},"modified":"2026-04-16T16:59:19","modified_gmt":"2026-04-16T13:59:19","slug":"turkiyede-yastik-alti-altinin-olcumu-ve-tahmin-yontemleri","status":"publish","type":"post","link":"https:\/\/datakapital.com\/blog\/turkiyede-yastik-alti-altinin-olcumu-ve-tahmin-yontemleri\/","title":{"rendered":"T\u00fcrkiye\u2019de Yast\u0131k Alt\u0131 Alt\u0131n\u0131n \u00d6l\u00e7\u00fcm\u00fc ve Tahmin Y\u00f6ntemleri"},"content":{"rendered":"

T\u00fcrkiye\u2019de yast\u0131k alt\u0131 alt\u0131n\u0131n<\/strong> miktar\u0131n\u0131 \u00f6l\u00e7mek, san\u0131ld\u0131\u011f\u0131ndan daha karma\u015f\u0131k bir i\u015ftir. \u00c7\u00fcnk\u00fc \u201cyast\u0131k alt\u0131 alt\u0131n\u201d ifadesi g\u00fcnl\u00fck dilde \u00e7ok kullan\u0131lsa da, istatistiksel olarak tam olarak neyin \u00f6l\u00e7\u00fcld\u00fc\u011f\u00fc her \u00e7al\u0131\u015fmada ayn\u0131 de\u011fildir. Baz\u0131 tahminler yaln\u0131zca hanehalk\u0131n\u0131n bankac\u0131l\u0131k sistemi d\u0131\u015f\u0131nda tuttu\u011fu fiziki alt\u0131n\u0131 kapsarken, baz\u0131 de\u011ferlendirmeler \u015firketlerin sistem d\u0131\u015f\u0131ndaki alt\u0131n varl\u0131\u011f\u0131n\u0131 da hesaba katabilmektedir. Benzer bi\u00e7imde, baz\u0131 hesaplamalarda ziynet alt\u0131n\u0131, k\u00fcl\u00e7e alt\u0131n ve sikke birlikte d\u00fc\u015f\u00fcn\u00fcl\u00fcrken, baz\u0131 \u00e7al\u0131\u015fmalarda bunlar\u0131n bir k\u0131sm\u0131 farkl\u0131 kategoriler alt\u0131nda ele al\u0131nmaktad\u0131r. Bu nedenle T\u00fcrkiye\u2019de yast\u0131k alt\u0131 alt\u0131na ili\u015fkin say\u0131lar aras\u0131ndaki farkl\u0131l\u0131k, \u00e7o\u011fu zaman yaln\u0131zca veri eksikli\u011finden de\u011fil, \u00f6l\u00e7\u00fcm tan\u0131m\u0131ndaki farkl\u0131l\u0131klardan da kaynaklanmaktad\u0131r. T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131\u2019n\u0131n 2025-I Enflasyon Raporu\u2019nda<\/a> 2024 \u00fc\u00e7\u00fcnc\u00fc \u00e7eyrek itibar\u0131yla yast\u0131k alt\u0131 alt\u0131n\u0131n tahmini de\u011ferinin 311 milyar ABD dolar\u0131 olarak verilmesi, bu alan\u0131n art\u0131k yaln\u0131zca toplumsal g\u00f6zleme de\u011fil, do\u011frudan makroekonomik analize konu oldu\u011funu g\u00f6stermektedir (TCMB, 2025).<\/p>\n

Yast\u0131k alt\u0131 alt\u0131n\u0131 \u00f6l\u00e7erken ilk yap\u0131lmas\u0131 gereken ayr\u0131m, fiziksel miktar<\/strong><\/a> ile piyasa de\u011feri<\/strong> aras\u0131ndaki fark\u0131 net bi\u00e7imde ortaya koymakt\u0131r. \u201cKa\u00e7 ton alt\u0131n var?\u201d sorusu ile \u201cbu alt\u0131n\u0131n bug\u00fcnk\u00fc de\u011feri ka\u00e7 dolar?\u201d sorusu ayn\u0131 \u015fey de\u011fildir. Fiziksel stok ton cinsinden daha yava\u015f de\u011fi\u015firken, dolar cinsinden de\u011fer alt\u0131n fiyatlar\u0131ndaki dalgalanmalara ba\u011fl\u0131 olarak \u00e7ok daha h\u0131zl\u0131 artabilir ya da azalabilir. Nitekim QNB\u2019nin 2026 ba\u015f\u0131nda yay\u0131mlad\u0131\u011f\u0131 makroekonomik g\u00f6r\u00fcn\u00fcm notunda<\/a> T\u00fcrkiye\u2019deki toplam alt\u0131n stokunun Aral\u0131k itibar\u0131yla 593 milyar dolara ula\u015ft\u0131\u011f\u0131, Ocak sonunda ise 700 milyar dolar seviyesine \u00e7\u0131kt\u0131\u011f\u0131; ayn\u0131 \u00e7al\u0131\u015fmada toplam stok hesab\u0131ndan TCMB ve Hazine sahipli\u011findeki alt\u0131n ile alt\u0131n mevduat\u0131 \u00e7\u0131kar\u0131ld\u0131ktan sonra kalan k\u0131sm\u0131n \u201cyast\u0131k alt\u0131 alt\u0131n\u201d olarak de\u011ferlendirildi\u011fi a\u00e7\u0131k bi\u00e7imde belirtilmektedir. Reuters\u2019\u0131n 27 \u015eubat 2026 tarihli haberinde de T\u00fcrkiye\u2019de toplam alt\u0131n stokunun 750 milyar dolar\u0131n \u00fczerine \u00e7\u0131kt\u0131\u011f\u0131 ve bunun yakla\u015f\u0131k 600 milyar dolarl\u0131k k\u0131sm\u0131n\u0131n sistem d\u0131\u015f\u0131nda tutuldu\u011fu aktar\u0131lm\u0131\u015ft\u0131r. Bu tablo, kamuoyunda konu\u015fulan b\u00fcy\u00fck dolar rakamlar\u0131n\u0131n yaln\u0131zca yeni bir fiziki birikimi de\u011fil, ayn\u0131 zamanda g\u00fc\u00e7l\u00fc bir fiyat etkisini de yans\u0131tt\u0131\u011f\u0131n\u0131 g\u00f6stermektedir (QNB, 2026; Reuters, 2026).<\/p>\n

D\u00fcnyada hanehalk\u0131n\u0131n elindeki fiziki alt\u0131n ya da daha genel ifadeyle \u201cde\u011fer saklama ama\u00e7l\u0131 fiziki varl\u0131klar\u201d birka\u00e7 temel y\u00f6ntemle \u00f6l\u00e7\u00fclmektedir. Bunlardan ilki do\u011frudan hanehalk\u0131 anketleri<\/strong>dir. OECD\u2019nin hanehalk\u0131 servet istatistiklerine ili\u015fkin k\u0131lavuzu, \u00fclkelerin servet verisi \u00fcretirken ortak kavramlar ve tan\u0131mlar kullanmas\u0131n\u0131 ama\u00e7lamakta; hanehalk\u0131 servetinin mikro d\u00fczeyde \u00f6l\u00e7\u00fcm\u00fcnde \u00e7e\u015fitli varl\u0131k t\u00fcrlerinin ve bunlara ili\u015fkin veri toplama y\u00f6ntemlerinin standartla\u015ft\u0131r\u0131lmas\u0131n\u0131 \u00f6nermektedir. OECD metni \u00f6zellikle hanehalk\u0131 servetine ili\u015fkin kavramsal ve pratik sorunlar\u0131n ortak ilkelerle ele al\u0131nmas\u0131n\u0131 hedeflemektedir. Bu \u00e7er\u00e7eve, alt\u0131n gibi varl\u0131klar\u0131n do\u011frudan anketle sorulmas\u0131n\u0131n uluslararas\u0131 istatistik literat\u00fcr\u00fcnde yerle\u015fik ve me\u015fru bir y\u00f6ntem oldu\u011funu g\u00f6stermektedir. Birle\u015fmi\u015f Milletler \u0130statistik B\u00f6l\u00fcm\u00fc\u2019n\u00fcn d\u00fc\u015f\u00fck ve orta gelirli \u00fclkelerde servet \u00f6l\u00e7\u00fcm\u00fcne ili\u015fkin g\u00fcncel rehberi de OECD\u2019nin 2013 k\u0131lavuzuna ve Avrupa Merkez Bankas\u0131 \u00e7evresindeki Household Finance and Consumption Network deneyimine a\u00e7\u0131k\u00e7a at\u0131f yapmaktad\u0131r. Ba\u015fka bir ifadeyle, d\u00fcnya prati\u011finde servetin \u00f6l\u00e7\u00fcm\u00fc \u00e7o\u011fu zaman hanehalk\u0131 d\u00fczeyinden ba\u015flamakta, alt\u0131n da bu servetin bir par\u00e7as\u0131 olarak ele al\u0131nmaktad\u0131r (OECD, 2013; United Nations Statistics Division, 2026).<\/p>\n

Bu do\u011frudan anket yakla\u015f\u0131m\u0131n\u0131n en g\u00fc\u00e7l\u00fc yan\u0131, varl\u0131\u011f\u0131n sahiplik d\u00fczeyinde tespit edilmesidir. Ancak ayn\u0131 zamanda \u00f6nemli zay\u0131fl\u0131klar\u0131 da vard\u0131r. Hanehalk\u0131, elindeki alt\u0131n\u0131 eksik beyan edebilir; ziynet ile yat\u0131r\u0131m ama\u00e7l\u0131 alt\u0131n\u0131 birbirinden ay\u0131rmak zor olabilir; de\u011fer bi\u00e7imi ve safl\u0131k derecesi konusunda yan\u0131t kalitesi d\u00fc\u015febilir. \u00d6zellikle kay\u0131t d\u0131\u015f\u0131 birikim k\u00fclt\u00fcr\u00fcn\u00fcn g\u00fc\u00e7l\u00fc oldu\u011fu toplumlarda anketler, ger\u00e7ek stoku oldu\u011fundan d\u00fc\u015f\u00fck g\u00f6sterebilir. Bu nedenle geli\u015fmi\u015f ekonomilerde dahi do\u011frudan anketler tek ba\u015f\u0131na yeterli g\u00f6r\u00fclmez; ba\u015fka veri kaynaklar\u0131yla desteklenir. Almanya bu a\u00e7\u0131dan iyi bir \u00f6rnektir. Bundesbank\u2019\u0131n 2025\u2019te yay\u0131mlad\u0131\u011f\u0131 2023 Hanehalk\u0131 Servet Ara\u015ft\u0131rmas\u0131 sonu\u00e7lar\u0131, Almanya\u2019da servet ve finans yap\u0131s\u0131n\u0131n d\u00fczenli hanehalk\u0131 anketleriyle izlendi\u011fini g\u00f6stermektedir. Buna ek olarak, Steinbeis \u00dcniversitesi ara\u015ft\u0131rma merkezi taraf\u0131ndan haz\u0131rlanan \u201cGold Ownership by Private Individuals in Germany\u201d \u00e7al\u0131\u015fmas\u0131, Alman hanehalklar\u0131n\u0131n m\u00fccevherat ve fiziki yat\u0131r\u0131m bi\u00e7imindeki alt\u0131nlar\u0131n\u0131n 7.500 tonun \u00fczerinde oldu\u011funu ileri s\u00fcrmektedir. Bu iki \u00f6rnek birlikte d\u00fc\u015f\u00fcn\u00fcld\u00fc\u011f\u00fcnde, bir \u00fclkede hem genel servet anketlerinin hem de alt\u0131na \u00f6zel derinle\u015fmi\u015f ara\u015ft\u0131rmalar\u0131n birlikte kullan\u0131labildi\u011fi g\u00f6r\u00fclmektedir (Deutsche Bundesbank, 2025; Steinbeis University Berlin, 2010).<\/p>\n

\u0130kinci y\u00f6ntem, daha geni\u015f servet ve bor\u00e7 anketlerinden t\u00fcretilen dolayl\u0131 \u00f6l\u00e7\u00fcm<\/strong> yakla\u015f\u0131m\u0131d\u0131r. Bu y\u00f6ntemde ama\u00e7 yaln\u0131zca alt\u0131n stokunu izole etmek de\u011fil, hanehalk\u0131 bilan\u00e7osunun b\u00fct\u00fcn\u00fc i\u00e7inde alt\u0131n\u0131n yerini anlamakt\u0131r. Hindistan bu konuda s\u0131k verilen \u00f6rneklerden biridir. Hindistan\u2019da All India Debt and Investment Survey\u2019in 1971-72\u2019den bu yana hanehalk\u0131 varl\u0131klar\u0131, bor\u00e7lar\u0131 ve yat\u0131r\u0131m yap\u0131s\u0131n\u0131 izleyen temel kaynaklardan biri oldu\u011fu; resm\u00ee raporlarda bu t\u00fcr ara\u015ft\u0131rmalar\u0131n on y\u0131ll\u0131k aral\u0131klarla y\u00fcr\u00fct\u00fcld\u00fc\u011f\u00fc belirtilmektedir. Indian Household Finance Committee de bu veri altyap\u0131s\u0131n\u0131n politika tasar\u0131m\u0131 a\u00e7\u0131s\u0131ndan \u00f6nemini vurgulamakta ve daha s\u0131k veri \u00fcretimi ihtiyac\u0131na dikkat \u00e7ekmektedir. Bu yakla\u015f\u0131m, alt\u0131n\u0131 yaln\u0131zca k\u00fclt\u00fcrel bir tasarruf arac\u0131 olarak de\u011fil, hanehalk\u0131 bilan\u00e7osundaki \u00f6nemli bir varl\u0131k s\u0131n\u0131f\u0131 olarak ele al\u0131r. Ancak bu y\u00f6ntemde de alt\u0131n\u0131n fiziki olarak ne kadar\u0131n\u0131n sistem d\u0131\u015f\u0131nda tutuldu\u011fu sorusu, \u00e7o\u011fu zaman ek varsay\u0131mlar gerektirir. Dolay\u0131s\u0131yla dolayl\u0131 servet anketleri, yast\u0131k alt\u0131 alt\u0131n\u0131n genel b\u00fcy\u00fckl\u00fc\u011f\u00fc hakk\u0131nda fikir verse de, sistem d\u0131\u015f\u0131 fiziki sto\u011fu tek ba\u015f\u0131na kesin bi\u00e7imde \u00f6l\u00e7meyebilir (Indian Household Finance Committee, 2017; NSSO, 1998).<\/p>\n

\u00dc\u00e7\u00fcnc\u00fc ve T\u00fcrkiye a\u00e7\u0131s\u0131ndan en i\u015flevsel g\u00f6r\u00fcnen y\u00f6ntem, stok-ak\u0131m muhasebesi<\/strong> ya da art\u0131k y\u00f6ntemidir. Bu y\u00f6ntemde \u00fclkedeki toplam fiziki alt\u0131n stoku; ge\u00e7mi\u015f stok, yerli \u00fcretim, ithalat ve ihracat verileri \u00fczerinden tahmin edilir. Daha sonra sistem i\u00e7inde g\u00f6r\u00fcnen alt\u0131n kalemleri, \u00f6rne\u011fin merkez bankas\u0131 rezervleri, Hazine varl\u0131klar\u0131 ve alt\u0131n mevduat\u0131 gibi kalemler toplam stoktan d\u00fc\u015f\u00fcl\u00fcr. Geriye kalan b\u00f6l\u00fcm ise bankac\u0131l\u0131k sistemi d\u0131\u015f\u0131nda tutulan yast\u0131k alt\u0131 alt\u0131n i\u00e7in yakla\u015f\u0131k bir g\u00f6sterge sa\u011flar. TCMB\u2019nin 2025-I Enflasyon Raporu\u2019nda hanehalk\u0131n\u0131n elindeki fiziki alt\u0131n stoku i\u00e7in \u201c\u00f6nceki d\u00f6nem alt\u0131n stoku + ilgili \u00e7eyrekteki alt\u0131n \u00fcretimi + alt\u0131n ithalat\u0131 \u2212 alt\u0131n ihracat\u0131\u201d form\u00fcl\u00fcn\u00fcn kullan\u0131ld\u0131\u011f\u0131 a\u00e7\u0131k\u00e7a yaz\u0131lmaktad\u0131r. QNB\u2019nin 2026 tarihli notu ise ayn\u0131 yakla\u015f\u0131m\u0131 daha g\u00f6r\u00fcn\u00fcr bi\u00e7imde uygulamakta; toplam stok hesab\u0131ndan TCMB ve Hazine alt\u0131n\u0131 ile alt\u0131n mevduat\u0131n\u0131n \u00e7\u0131kar\u0131ld\u0131\u011f\u0131n\u0131 belirtmektedir. T\u00fcrkiye\u2019de son d\u00f6nemde en s\u0131k at\u0131f yap\u0131lan tahminlerin bu mant\u0131k etraf\u0131nda \u015fekillenmesi tesad\u00fcf de\u011fildir; \u00e7\u00fcnk\u00fc do\u011frudan anketlerden daha \u00f6l\u00e7\u00fclebilir, d\u0131\u015f ticaret ve \u00fcretim verileriyle daha yak\u0131ndan ba\u011flant\u0131l\u0131 ve d\u00f6nemler aras\u0131nda kar\u015f\u0131la\u015ft\u0131r\u0131labilir bir \u00e7er\u00e7eve sunmaktad\u0131r (TCMB, 2025; QNB, 2026).<\/p>\n

Bu y\u00f6ntemin de kusursuz oldu\u011fu s\u00f6ylenemez. En \u00f6nemli s\u0131n\u0131rl\u0131l\u0131k, ba\u015flang\u0131\u00e7 stokunun nas\u0131l tan\u0131mland\u0131\u011f\u0131 ve tarihsel birikimlerin ne kadar do\u011fru yans\u0131t\u0131ld\u0131\u011f\u0131 sorunudur. TCMB\u2019nin ilgili dipnotunda serinin 1985\u2019ten ba\u015flat\u0131ld\u0131\u011f\u0131 ve 1984 alt\u0131n stokunun s\u0131f\u0131r varsay\u0131ld\u0131\u011f\u0131 g\u00f6r\u00fclmektedir. Teknik olarak bu, tarihsel miras alt\u0131n\u0131n\u0131n modelde belirli bir ba\u015flang\u0131\u00e7 varsay\u0131m\u0131yla ele al\u0131nd\u0131\u011f\u0131 anlam\u0131na gelir. Ayr\u0131ca eritilmi\u015f alt\u0131n, yeniden i\u015flenmi\u015f ziynet, kuyumcu stoklar\u0131 ile hanehalk\u0131 sahipli\u011fi aras\u0131ndaki ge\u00e7i\u015fler ya da gayriresm\u00ee dola\u015f\u0131m, her zaman tam olarak ayr\u0131\u015ft\u0131r\u0131lamaz. Buna ra\u011fmen, stok-ak\u0131m yakla\u015f\u0131m\u0131 T\u00fcrkiye\u2019de mevcut veri altyap\u0131s\u0131 i\u00e7inde en savunulabilir y\u00f6ntem olarak \u00f6ne \u00e7\u0131kmaktad\u0131r. \u00c7\u00fcnk\u00fc en az\u0131ndan hangi verilerle ve hangi muhasebe mant\u0131\u011f\u0131yla sonuca ula\u015f\u0131ld\u0131\u011f\u0131n\u0131 a\u00e7\u0131k\u00e7a g\u00f6sterir. Akademik olarak g\u00fc\u00e7l\u00fc olan nokta da tam buradad\u0131r: belirsizli\u011fi ortadan kald\u0131rmasa da, belirsizli\u011fin nerede do\u011fdu\u011funu g\u00f6r\u00fcn\u00fcr k\u0131lar (TCMB, 2025).<\/p>\n

T\u00fcrkiye\u2019deki tahminlerin neden y\u0131llara g\u00f6re farkl\u0131la\u015ft\u0131\u011f\u0131n\u0131 anlamak i\u00e7in mobilizasyon programlar\u0131na da bakmak gerekir. D\u00fcnya Alt\u0131n Konseyi\u2019nin 2015 tarihli T\u00fcrkiye de\u011ferlendirmesinde, hanehalklar\u0131n\u0131n yakla\u015f\u0131k 3.500 ton alt\u0131n\u0131 sistem d\u0131\u015f\u0131nda biriktirdi\u011fi, 2013 sonu itibar\u0131yla ticari bankalarda yakla\u015f\u0131k 250 ton alt\u0131n\u0131n bulundu\u011fu ve bunun yakla\u015f\u0131k 40 tonunun 2012 ortas\u0131ndan itibaren \u201cunder-the-pillow\u201d stoktan finansal sisteme \u00e7ekildi\u011fi belirtilmektedir. Bu bilgi, do\u011frudan toplam yast\u0131k alt\u0131 alt\u0131n\u0131n \u00f6l\u00e7\u00fcs\u00fc de\u011fildir; ancak sistem d\u0131\u015f\u0131 stokun belirli bir k\u0131sm\u0131n\u0131n finansalla\u015ft\u0131r\u0131labildi\u011fini ve mobilizasyon programlar\u0131n\u0131n ger\u00e7ek bir stok taban\u0131na dayand\u0131\u011f\u0131n\u0131 g\u00f6stermesi bak\u0131m\u0131ndan \u00f6nemlidir. Ba\u015fka bir ifadeyle, mobilizasyon verileri toplam\u0131 vermez, fakat toplam tahminin makul olup olmad\u0131\u011f\u0131n\u0131 s\u0131nayan dolayl\u0131 bir ger\u00e7eklik testi sunar. E\u011fer bankac\u0131l\u0131k sistemi ger\u00e7ekten fiziki alt\u0131n\u0131 sisteme \u00e7ekebiliyorsa, sistem d\u0131\u015f\u0131nda anlaml\u0131 bir stokun bulundu\u011fu da g\u00fc\u00e7lenmi\u015f olur (World Gold Council, 2015).<\/p>\n

Bu \u00e7er\u00e7evede T\u00fcrkiye i\u00e7in en isabetli yakla\u015f\u0131m, tek bir sansasyonel rakam \u00fcretmek de\u011fil, \u00f6l\u00e7\u00fcm mant\u0131\u011f\u0131n\u0131 \u015feffafla\u015ft\u0131rmakt\u0131r. Sa\u011fl\u0131kl\u0131 bir tahmin s\u0131ralamas\u0131 \u015f\u00f6yle kurulmal\u0131d\u0131r: \u00f6nce toplam fiziki stok ton baz\u0131nda tahmin edilmeli, sonra sistem i\u00e7i alt\u0131n kalemleri ayr\u0131\u015ft\u0131r\u0131lmal\u0131, ard\u0131ndan gerekirse g\u00fcncel alt\u0131n fiyatlar\u0131yla dolar kar\u015f\u0131l\u0131\u011f\u0131 hesaplanmal\u0131d\u0131r. B\u00f6ylece okuyucu, fiziksel b\u00fcy\u00fckl\u00fck ile de\u011ferleme etkisini birbirine kar\u0131\u015ft\u0131rmadan sonuca ula\u015fabilir. D\u00fcnya \u00f6rnekleri, \u00f6zellikle OECD ve BM k\u0131lavuzlar\u0131 ile Almanya ve Hindistan gibi \u00fclke deneyimleri, hanehalk\u0131 servetini \u00f6l\u00e7mede anket tabanl\u0131 ve dolayl\u0131 y\u00f6ntemlerin yerle\u015fik oldu\u011funu g\u00f6stermektedir. T\u00fcrkiye \u00f6rne\u011fi ise bu genel \u00e7er\u00e7eveye ek olarak stok-ak\u0131m yakla\u015f\u0131m\u0131n\u0131n neden \u00f6n plana \u00e7\u0131kt\u0131\u011f\u0131n\u0131 ortaya koymaktad\u0131r. Sonu\u00e7 olarak, T\u00fcrkiye\u2019de yast\u0131k alt\u0131 alt\u0131na ili\u015fkin en savunulabilir akademik pozisyon, \u201ckesin say\u0131\u201d iddias\u0131ndan ka\u00e7\u0131nan; tan\u0131m\u0131 a\u00e7\u0131k, y\u00f6ntemi a\u00e7\u0131k ve m\u00fcmk\u00fcnse bant tahmini \u00fcreten bir yakla\u015f\u0131md\u0131r. Bu nedenle T\u00fcrkiye\u2019de yast\u0131k alt\u0131 alt\u0131n\u0131 \u00f6l\u00e7menin en do\u011fru yolu, do\u011frudan g\u00f6zleme de\u011fil, \u00e7ok kaynakl\u0131 ve y\u00f6ntem a\u00e7\u0131k bir tahminleme sistemine dayanmakt\u0131r (OECD, 2013; TCMB, 2025; QNB, 2026).<\/p>\n

Kaynak\u00e7a<\/h2>\n

Deutsche Bundesbank. (2025). Monthly Report \u2013 April 2025: Household wealth and finances in Germany: Results of the 2023 household wealth survey<\/em>.<\/p>\n

Indian Household Finance Committee. (2017). Report of the Indian Household Finance Committee<\/em>.<\/p>\n

NSSO. (1998). Debt and Investment Survey: Household assets and liabilities as on 30.6.1991<\/em>.<\/p>\n

OECD. (2013). OECD Guidelines for Micro Statistics on Household Wealth<\/em>.<\/p>\n

QNB Bank A.\u015e. Hazine Ekonomik Ara\u015ft\u0131rmalar B\u00f6l\u00fcm\u00fc. (2026). Makroekonomik g\u00f6r\u00fcn\u00fcm<\/em>.<\/p>\n

Reuters. (2026, 27 \u015eubat). Gold’s rise cheers Turks, takes shine off anti-inflation efforts<\/em>.<\/p>\n

Steinbeis University Berlin, Research Center for Financial Services. (2010). Gold Ownership by Private Individuals in Germany<\/em>.<\/p>\n

T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131. (2025). Enflasyon Raporu 2025-I<\/em>.<\/p>\n

United Nations Statistics Division. (2026). Measuring Wealth in Household Surveys in Low- and Middle-Income Countries: Guidelines for Implementation<\/em>.<\/p>\n

World Gold Council. (2015). Turkey: Gold in action<\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"

T\u00fcrkiye\u2019de yast\u0131k alt\u0131 alt\u0131n\u0131n miktar\u0131n\u0131 \u00f6l\u00e7mek, san\u0131ld\u0131\u011f\u0131ndan daha karma\u015f\u0131k bir i\u015ftir. \u00c7\u00fcnk\u00fc \u201cyast\u0131k alt\u0131 alt\u0131n\u201d ifadesi g\u00fcnl\u00fck dilde \u00e7ok kullan\u0131lsa da, istatistiksel olarak tam olarak neyin \u00f6l\u00e7\u00fcld\u00fc\u011f\u00fc her \u00e7al\u0131\u015fmada ayn\u0131 de\u011fildir. Baz\u0131 tahminler yaln\u0131zca hanehalk\u0131n\u0131n bankac\u0131l\u0131k sistemi d\u0131\u015f\u0131nda tuttu\u011fu fiziki alt\u0131n\u0131 kapsarken, baz\u0131 de\u011ferlendirmeler \u015firketlerin sistem d\u0131\u015f\u0131ndaki alt\u0131n varl\u0131\u011f\u0131n\u0131 da hesaba katabilmektedir. Benzer bi\u00e7imde, baz\u0131<\/p>\n","protected":false},"author":7,"featured_media":5660,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,47],"tags":[552,232],"class_list":{"0":"post-5657","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jeoekonomik-makro-veriler","8":"category-makro-ekonomik-analizler","9":"tag-altin","10":"tag-turkiye-ekonomisi"},"better_featured_image":{"id":5660,"alt_text":"T\u00fcrkiye'de fiziksel alt\u0131n ne kadar","caption":"","description":"","media_type":"image","media_details":{"width":2560,"height":1707,"file":"2026\/04\/jingming-pan-iYsrkq5qq0Q-unsplash-scaled.jpg","filesize":763797,"sizes":{"medium":{"file":"jingming-pan-iYsrkq5qq0Q-unsplash-300x200.jpg","width":300,"height":200,"mime-type":"image\/jpeg","filesize":22846,"source_url":"https:\/\/datakapital.com\/blog\/wp-content\/uploads\/2026\/04\/jingming-pan-iYsrkq5qq0Q-unsplash-300x200.jpg"},"large":{"file":"jingming-pan-iYsrkq5qq0Q-unsplash-1024x683.jpg","width":1024,"height":683,"mime-type":"image\/jpeg","filesize":140856,"source_url":"https:\/\/datakapital.com\/blog\/wp-content\/uploads\/2026\/04\/jingming-pan-iYsrkq5qq0Q-unsplash-1024x683.jpg"},"thumbnail":{"file":"jingming-pan-iYsrkq5qq0Q-unsplash-150x150.jpg","width":150,"height":150,"mime-type":"image\/jpeg","filesize":11826,"source_url":"https:\/\/datakapital.com\/blog\/wp-content\/uploads\/2026\/04\/jingming-pan-iYsrkq5qq0Q-unsplash-150x150.jpg"},"medium_large":{"file":"jingming-pan-iYsrkq5qq0Q-unsplash-768x512.jpg","width":768,"height":512,"mime-type":"image\/jpeg","filesize":89383,"source_url":"https:\/\/datakapital.com\/blog\/wp-content\/uploads\/2026\/04\/jingming-pan-iYsrkq5qq0Q-unsplash-768x512.jpg"},"1536x1536":{"file":"jingming-pan-iYsrkq5qq0Q-unsplash-1536x1024.jpg","width":1536,"height":1024,"mime-type":"image\/jpeg","filesize":283021,"source_url":"https:\/\/datakapital.com\/blog\/wp-content\/uploads\/2026\/04\/jingming-pan-iYsrkq5qq0Q-unsplash-1536x1024.jpg"},"2048x2048":{"file":"jingming-pan-iYsrkq5qq0Q-unsplash-2048x1365.jpg","width":2048,"height":1365,"mime-type":"image\/jpeg","filesize":478562,"source_url":"https:\/\/datakapital.com\/blog\/wp-content\/uploads\/2026\/04\/jingming-pan-iYsrkq5qq0Q-unsplash-2048x1365.jpg"},"bunyad-small":{"file":"jingming-pan-iYsrkq5qq0Q-unsplash-150x100.jpg","width":150,"height":100,"mime-type":"image\/jpeg","filesize":9791,"source_url":"https:\/\/datakapital.com\/blog\/wp-content\/uploads\/2026\/04\/jingming-pan-iYsrkq5qq0Q-unsplash-150x100.jpg"},"bunyad-medium":{"file":"jingming-pan-iYsrkq5qq0Q-unsplash-450x300.jpg","width":450,"height":300,"mime-type":"image\/jpeg","filesize":40774,"source_url":"https:\/\/datakapital.com\/blog\/wp-content\/uploads\/2026\/04\/jingming-pan-iYsrkq5qq0Q-unsplash-450x300.jpg"},"bunyad-full":{"file":"jingming-pan-iYsrkq5qq0Q-unsplash-1200x800.jpg","width":1200,"height":800,"mime-type":"image\/jpeg","filesize":180149,"source_url":"https:\/\/datakapital.com\/blog\/wp-content\/uploads\/2026\/04\/jingming-pan-iYsrkq5qq0Q-unsplash-1200x800.jpg"},"bunyad-viewport":{"file":"jingming-pan-iYsrkq5qq0Q-unsplash-2048x1365.jpg","width":2048,"height":1365,"mime-type":"image\/jpeg","filesize":478562,"source_url":"https:\/\/datakapital.com\/blog\/wp-content\/uploads\/2026\/04\/jingming-pan-iYsrkq5qq0Q-unsplash-2048x1365.jpg"},"bunyad-768":{"file":"jingming-pan-iYsrkq5qq0Q-unsplash-768x512.jpg","width":768,"height":512,"mime-type":"image\/jpeg","filesize":89383,"source_url":"https:\/\/datakapital.com\/blog\/wp-content\/uploads\/2026\/04\/jingming-pan-iYsrkq5qq0Q-unsplash-768x512.jpg"}},"image_meta":{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0","keywords":[]},"original_image":"jingming-pan-iYsrkq5qq0Q-unsplash.jpg"},"post":5657,"source_url":"https:\/\/datakapital.com\/blog\/wp-content\/uploads\/2026\/04\/jingming-pan-iYsrkq5qq0Q-unsplash-scaled.jpg"},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/posts\/5657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/comments?post=5657"}],"version-history":[{"count":2,"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/posts\/5657\/revisions"}],"predecessor-version":[{"id":5659,"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/posts\/5657\/revisions\/5659"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/media\/5660"}],"wp:attachment":[{"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/media?parent=5657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/categories?post=5657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/tags?post=5657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}