In accordance with the rules ofThe Central Bankhe gold It is considered as “foreign currency”, Like the dollar or the euro. That implies that when the government He lifted the exchange rate for the tickets, also did it for the precious metal.
Since it was eliminated andl Buy of purchase of the equivalent au $ 200 per month By person for treasury, the quota for gold was also released. It is a rare investment among Argentines who prefer US tickets to preserve savings.
According to sources from the Central Bank to Scope, the banks are enabled to offer gold to customers, But most do not. In principle the entity Qthat sells certified first quality gold is the City Bank.
“The City Bank is the only entity that Fine gold market 999. The bullions it sells are national elaboration And they are supervised by the entity, as an essayer, in each of the stages of the elaboration, ”sources from the entity reported.
According to “the line It is made up of pieces of 1, 5, 10, 50 and 100 grams “. “For each marketing operation, a Purchase or sale voucher, with the metal quality guarantee.
The entity sells to its customers and offers a SGuardian ervicio (Gold) exclusively for bulls acquired at the time, ”they point out from the financial entity of the city government.
In addition to the City Bank in some of the traditional exchange houses you can also buy ingots with certified quality. In Argentina a gram of gold costs approximately $ 144,000.
Gold, at most, generates the problem of custody. Therefore, companies consulted by field that offer security boxes services, expect an increase in associated demand to an alleged increase in purchasing gold by individuals.
Who opted for gold won
Actually Who has opted for gold as an investment in the last year I can have won much more with other investments. The Bank of America (Bofa) recently issued a report in which he draws his projections On the value of the metal. Bofa expects The Gold Cotice AU $ S3.350 in 2026, he said in a recent note. This implies an increase with respect to its previous forecasts of US $ 2,750 for 2025 YU $ S2.625 by 2026.
But el gold on cash already quoted around US $ 3,300 per ounce. This year’s record was due to economic and geopolitical concerns triggered by the commercial policies of the president of the United States, Donald Trump. It is known that in war contexts the value refuge is gold, to which it is added that the commercial war represents a loss of dollar power as a value reserve.
The Golden ETF funds with a worldwide physical support reported strong tickets last March for a total of US $ 8.6 billionending a first quarter with total flows of US $21,000 million (added 226 tons of gold).
This is the second Highest quarterly level, only exceeded by US $ 24,000 million (433 tons) of the second quarter of 2020. So that the great speculative investors in the precious metal maintained their bets, and even redoubled them in the previous call of Trump’s tariffs (last April 2).
Were North America (61%) and Europe (22%) who represented the majority (83%) of net entries in the first quarter. For its part, Asia contributed to 16%an impressive figure considering that the total assets under management of the region only represents 7% of the global total.
Source: Ambito
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