Judging by the source below Argentina was a potential part in BRICS.
But looking at the chart they don't have a pattern the meet in October 15:th like all the other BRICS (+Turkey) do.
So they are left for the wolfs?
To me it looks like they will hyperinflate and that it can't be stopped. But what do I ...
I'd hold pesos now, personally. As part of my currency holdings. I wouldn't be in USD if possible, and would prefer other assets, like foreign currencies, EEM shares vs SPY shorts, TLT longs, gold/silver/bitcoin/ethereum, undervalued selected stocks, TSLA shares, VLKAY shares, perhaps the new COIN etf shares once they are released, Argentinian stocks on ...
Seems like the case here, we could see a prolonged rally in YPF and OIL expressed in ARS.
If you drive, sorry for you...hopefully, you have been buying USD and/or GOLD as per my reccomendation before this devaluation surge started.
Good luck, we'll need it.
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 ...
Here I am with a little contrarian idea.
There's a nice 15% spread to be filled when comparing the Argentine peso to the other South American economies.
The stock market also took a nose dive and is poised to retrace, since it's possible that live cattle and soybeans will head up from this point (and the Merval has a healthy correlation with those two among other ...