Why invest in gold today and how to do it from Argentina

Gold is one of the investments preferred by savers to protect themselves from inflation and, in addition, obtain possible profits< /u>. Last year, after the start of the pandemic, an increase in demand for this asset was observed until it was quoted at more than US$2,000 per ounce in August 2020.

Despite the subsequent decline, the price of the metal remains at high levels. Currently, it quotes around US$1,800 per ounce on the position as of December and more or less the same value at the spot price, which shows an upward trend since the decline it posted a month ago.

Specialists affirm that gold is a good hedging instrument and that it also serves to diversify the portfolio. For this reason, they recommend it for all types of investors, especially all for those more conservative profiles, due to the low risks it represents.

Gold: one year from the ceiling, with falls of up to 45% in mining companies, they see investment opportunities

HOW TO INVEST

There are several ways to invest in gold and in a simple way through the financial market. One of them is with the purchase of an ETF (Exchange-Traded Fund or listed investment fund), whose ticker is "GLD", which is quite representative of the price of the metal and replicates the evolution of its price, say the specialists.

However, ETFs are not listed on the local market, but on Wall Street. Therefore, to invest in gold through this instrument, you must have a principal account in a broker or stock company that enables access to an account in New York and do it through that channel.

To invest from Argentina, the easiest way is through the purchase of Cedear from Barrick Gold or Yamana Gold, whose tickers they are "GOLD" and "AUY", respectively. Thus, it can be deposited from a client account in the local market and in pesos, although in this case the variation depends on the stock prices of these companies.

Regarding the purchase of physical gold, and not through financial assets, specialists point out that it must be taken into account that there are different degrees of quality and purity of the precious metal, in addition to the cost of its storage, for which reason the investment of this asset in the financial market is considered.

In Argentina there are very few financial entities that sell physical gold. Although it is an option for the most conservative savers, analysts warn that this alternative has very little liquidity but there is also the problem of storage and quality.

Read more: Gold: how to invest from Argentina and take advantage of the rise expected for 2021

Another option that is sometimes little explored but that is carried out in retail is the acquisition of gold jewelry as a safe haven of value. Whenever the metal rises, operations in pawnshops increase and perhaps for the more traditional investor it ends up being a good alternative to acquire a necklace or a ring before the expected increase in the price of the metal.