IC PRECIOUS METALS - Anahat Holding

IC PRECIOUS METALS A.Ş.

IC Precious Metals JSC enables our customers to buy, sell and Trade in Gold via third party sellers or with us directly. IC Precious Metals JSC is one of the most knowledgeable dealers in the region of Türkiye, Middle East ,Russia and whole Africa.

The main objectives and subjects of the company are as follows:

• Within the framework of the principles determined by the relevant legislation, on the precious metals whose standards and purity levels are determined by the Ministry of Treasury and Finance, on behalf of someone else, for the purpose of intermediation on behalf of someone else, precious metal purchase and sale transactions, precious metal borrowing and lending and may perform transactions related to capital market instruments based on precious metals.
It can buy and sell processed or unprocessed precious stones within the Exchange within the framework of the export and import regime of processed and unprocessed precious metals, processed or unprocessed precious stones and precious goods made of them, can export and import.

INTRODUCTION TO OUR CODE

OUR EXPECTATIONS

This Code is a statement of the key principles and expectations that guide the conduct of anyone who works for or does business with IC Precious Metals JSC or any of our subsidiaries.

The purpose of the Code is to:

Promote honest and ethical conduct in keeping with our values;
Promote compliance with applicable laws and regulations;
It will not allow third parties’ advantage or inappropriate use of the information obtained during our activities, under any circumstances,
Promote full, accurate and timely disclosure in reports and other documents, as required by law;
Help us recognize and deal with concerns about ethical issues and potential violations of the Code, other internal rules and regulations and the laws; and
Ultimately, foster IC’s culture of honesty, integrity and accountability

OUR VALUES

Our commitment to uphold the principles of ethical and honest business conduct is based on our values, which are fundamental to defining who we are as a company and how we behave.
Our values include compliance with health and safety regulations, dignity and respect, at both the individual and corporate level, promoting sustainable growth and environmental responsibility, having a strong corporate social responsibility to the communities in which we invest, transparency through open and honest communication and accountability at all levels, and continuous improvement of operational practices.

BUSINESS CONDUCT AND ETHICS REQUIREMENTS

COMPLIANCE WITH LAWS

All Employees are accountable for knowing and complying with the laws and regulations, applicable to their job, in each country where we operate.
This Code and other Company documents, such as policies, standards and procedures, are in addition to and do not substitute for laws and regulations applicable to the Company. Employees are responsible for educating themselves on the laws and regulations that govern their work and ask for advice from their manager or supervisor if the requirements of the law are not clear.
Violating the laws of any of the countries where we do business may lead to both liability for the Company as well as disciplinary measures, and civil or criminal liability for the Employees involved.

COMMUNITY PARTNERSHIP

Wherever we operate, we collaborate with local stakeholders to ensure that our presence has a positive impact, and we contribute to the sustainable development of the local community and region.
Many of our Employees and Third Parties are active members of our communities and, as such, are expected to behave accordingly, with respect and dignity toward other community members.
Our investments and partnerships with local communities are primarily focused on sustainable development initiatives in the areas of education, social services, health, arts and culture and infrastructure.
We encourage everyone to volunteer their time, expertise and services to assist in our community initiatives.

HEALTH & SAFETY

We are committed to everyone working at our operations returning home safe and healthy every day and we provide the necessary resources to build a safe and healthy working environment. We do this by creating an interdependent health and safety culture. All incidents are preventable, and we establish policies and standards that guide behavior and actions in the workplace to help identify and manage workplace hazards and risks.
We expect Employees to know and understand their accountability to protect their own, and everyone else’s, health and safety. We design and implement training programs to ensure all Employees are competent to perform their work safely. To help the Company achieve its health and safety goals, you must:
- ✓Be aware of, and understand, all health and safety protocols and requirements related to your position;
- ✓Be appropriately trained and competent to carry out the tasks assigned to you;

ANTI-COMPETITIVE PRACTICES & ANTI-MONEY LAUNDERING

ANTI-COMPETITIVE PRACTICES
We firmly believe that fair competition is fundamental to the continuation of the free enterprise system and economic development. We comply with and support laws of all countries which prohibit restraints on trade, unfair practices or abuse of economic power. Our Employees must use caution when interacting with Company competitors and must not discuss the prices and other terms of Company contracts or gain information from competitors on these topics.
ANTI-MONEY LAUNDERING
IC is committed to comply fully with applicable anti-money laundering laws. We will only conduct business with reputable suppliers and customers, who are involved in legitimate business activities and whose funds are derived from legitimate sources. You must take reasonable steps to protect IC from facilitating or taking part in any illegal activities or accepting forms of payment that have been identified as a means of laundering money.

TRADING

WHAT MOVES GOLD

As one of the oldest currencies on the planet, gold has embedded itself deeply into the psyche of the financial world. Nearly everyone has an opinion about the yellow metal, but gold itself reacts only to a limited number of price catalysts. Each of these forces splits down the middle in a polarity that impacts sentiment, volume, and trend intensity: Inflation and deflation,Greed and fear , Supply and demand
Market players face elevated risk when they trade gold in reaction to one of these polarities, when in fact it’s another one controlling price action. For example, say a selloff hits world financial markets, and gold takes off in a strong rally. Many traders assume that fear is moving the yellow metal and jump in, believing the emotional crowd will blindly carry the price higher. However, inflation may have actually triggered the stock’s decline, attracting a more technical crowd that will sell against the gold rally aggressively
Combinations of these forces are always in play in world markets, establishing long-term themes that track equally long uptrends and downtrends. For example, the Federal Reserve (FOMC) economic stimulus begun in 2008, initially had little effect on gold because market players were focused on high fear levels coming out of the 2008 economic collapse. However, this quantitative easing encouraged deflation, setting up the gold market and other commodity groups for a major reversal.
That turnaround didn’t happen immediately because a reflation bid was underway, with depressed financial and commoditybased assets spiraling back toward historical means. Gold finally topped out and turned lower in 2011 after reflation was completed and central banks intensified their quantitative easing policies. VIX eased to lower levels at the same time, signaling that fear was no longer a significant market mover

UNDERSTAND THE CROWD

Gold attracts numerous crowds with diverse and often opposing interests. Gold bugs stand at the top of the heap, collecting physical bullion and allocating an outsized portion of family assets to gold equities, options, and futures. These are long-term players, rarely dissuaded by downtrends, who eventually shake out less ideological players. In addition, retail participants comprise nearly the entire population of gold bugs, with few funds devoted entirely to the long side of the precious metal.
Gold bugs add enormous liquidity while keeping a floor under futures and gold stocks because they provide a continuous supply of buying interest at lower prices. They also serve the contrary purpose of providing efficient entry for short sellers, especially in emotional markets when one of the three primary forces polarizes in favor of strong buying pressure.

READ THE LONG-TERM CHART

Take time to learn the gold chart inside and out, starting with a long-term history that goes back at least 100 years. In addition to carving out trends that persisted for decades, the metal has also trickled lower for incredibly long periods, denying profits to gold bugs. From a strategic standpoint, this analysis identifies price levels that need to be watched if and when the yellow metal returns to test them.
Gold’s recent history shows little movement until the 1970s, when following the removal of the gold standard for the dollar, it took off in a long uptrend, underpinned by rising inflation due to skyrocketing crude oil prices. After topping out at $2,420 an ounce in February 1980, it turned lower near $800 in the mid1980s, in reaction to restrictive Federal Reserve monetary policy.

CHOOSE YOUR VENUE

Liquidity follows gold trends, increasing when it’s moving sharply higher or lower and decreasing during relatively quiet periods. This oscillation impacts the futures markets to a greater degree than it does equity markets, due to much lower average participation rates. New products offered by Chicago’s CME Group in recent years haven’t improved this equation substantially.
CME offers three primary gold futures, the 100-oz. a contract, a 50-oz. mini contract and a 10-oz. a micro contract, added in October 2010. While the micro contract’s volume was over 6.6 million in 2021, the other contracts were not as widely traded; over 26,000 for the mini and 1.2 million for the largest.
This thin participation doesn’t impact long-dated futures held for months, but strongly impacts trade execution in short-term positions, forcing higher costs through slippage.
The SPDR Gold Trust Shares (GLD) shows the greatest participation in all types of market environments, with exceptionally tight spreads that can drop to one penny. Average daily volume stood at 13.65 million shares per day in May 2022, offering easy access at any time of day.The Cboe GOLD ETF Volatility Index tracks options on GLD, offering another liquid alternative with active participation keeping spreads at low levels.
The VanEck Vectors Gold Miners ETF (GDX) grinds through greater daily percentage movement than GLD but carries a higher risk because correlation with the yellow metal can vary greatly from day to day. Large mining companies hedge aggressively against price fluctuations, lowering the impact of spot and futures prices, while operations may hold significant assets in other natural resources, including silver and iron

TRADING

GOLD (XAU/USD) TRADING

Gold is a form of currency in the Forex market. The globally acknowledged gold code is XAU, a symbol used to represent one troy ounce of gold under the ISO 4217 currency standard. It is seen as a “safe-haven” asset, with its value likely to rise in times of economic instability. The XAU/USD pair informs traders of the number of U.S. Dollars (the quote currency) required to purchase one ounce of gold (the base currency). The United States is the country with the most gold reserves in the world. WGC (World Gold Council), LBMA (London Bullion Market Association), COMEX (Commodity Exchange Inc.), Zurich Gold Pool, and Chinese Gold & Silver Exchange Society are just a few of the organisations that have a significant influence on the gold price.
Our customers can trade gold for purchase, sale and transfer transactions through ALTIN CUZDAN, a product of IC FinTech which is the establishment of ANAHAT HOLDING .
This thin participation doesn’t impact long-dated futures held for months, but strongly impacts trade execution in short-term positions, forcing higher costs through slippage.