IvanLabrie
Long

Gold priced in pesos: Argentinians, swap your USD for Gold

2 months ago
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.
2 months ago
Comment:
snapshot
2 months ago
Comment:
USDARS: Argentinians, buy dollars now
2 months ago
Comment: Hold!
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
Masry
2 months ago
Living in a country with continually weakening currency, gold is much better to have in savings.
Reply
IvanLabrie PRO Masry
2 months ago
It depends, but it is good now for sure.
Reply
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