Gold priced in pesos: Argentinians, swap your USD for Gold
Physical gold is the asset to own, if you live in Argentina and don't trust in the government, the currency, or the stock market. Owning shares in $MERV stocks might work well, but I'd rather avoid that risk considering the country's fundamentals, and stick to physical gold.
I had reccomended to buy dollars when price was around $13 something for USDARS (see related ideas). Well, that can still continue creeping higher, but I think it's a safer bet to swap (at least 50%) of your holdings for gold here. We have 15.41% upside vs the peso in store.
Compared to 6.05% left for $USDARS to appreciate further. And, there are risks of dollar weakening until December, so, now is the time for action.
Go, swap those USD for Gold, and thank me later.
Cheers,
Ivan Labrie.
I had reccomended to buy dollars when price was around $13 something for USDARS (see related ideas). Well, that can still continue creeping higher, but I think it's a safer bet to swap (at least 50%) of your holdings for gold here. We have 15.41% upside vs the peso in store.
Compared to 6.05% left for $USDARS to appreciate further. And, there are risks of dollar weakening until December, so, now is the time for action.
Go, swap those USD for Gold, and thank me later.
Cheers,
Ivan Labrie.
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Hold!
