Gold close to its record: how to invest in the metal from Argentina

The US Federal Reserve could pause or slow down rate hikes and its predictions of a mild recession this year. Driven by that context, the Gold price soars to 2-year highs and is approaching its all-time record.

Gold tends to rise in times of economic or financial uncertaintywhile lower rates also increase its attractivenesssince it does not yield interest.

Inflation continues to rise and the best way to deal with it, according to specialists, is to purchase gold bars. How to get them from Argentina?

Advantages of investing in gold

From our country, buying yellow metal ingots is very simple. First of all, it must be taken into account that They do not present extra taxes or limitations in terms of the amount that we can obtain, as is the case with foreign currencies.

Then, it is worth noting other advantages such as the stability. In moments of crisis, as could be seen in 2022 during Russia’s invasion of Ukraine, gold managed to maintain its value and – even – increase it. In countries with high inflation This becomes a fundamental item when deciding in which asset to keep our savings.

As for its price, it is not only stable over time, but it is also maintained anywhere in the world. No matter how many borders we cross, gold bars are worth the same. Therefore, your savings do not lose value.

Acceptance is also a key to this type of investment.. We know that gold was the currency of choice for mankind thousands of years ago, therefore, in all countries and territories it is recognized as something extremely valuable.

How to invest in gold?

For people with an investment account in the United States, the easiest and most direct way is to do through the GLD ETF (SPDR Gold Shares), which is the largest gold exchange-traded fund in the world. One of the main characteristics and differences that this ETF has in relation to other commodity funds, is that the GLD has as underlying asset gold bars stored in vaultsand not gold futures.

Let us remember that the Equity Trade Funds( ETFsfor its acronym in English) are investment funds that have the particularity of being listed on the stock market. Its operation is the same as that of shares, that is, they can be bought and sold throughout a wheel at the existing price at any given time.

Another alternative to position yourself in gold is invest in mining companies. Among the prominent ones are Barrick Gold (GOLD), Harmony Gold Mining Company (HMY) and Yamana Gold (AUY). All three can be operated in the US market, as well as in the local market through the respective CEDEARs.