How to invest in gold, how much does it cost and what are the advantages?

In times of financial turbulence, do a investment It is a topic as sensitive as the economy itself. In Argentina, for small savers, the “iron” option has always been a fixed maturity or in dollars.

For the investors with greater resources and knowledge of the marketstocks, bonds and, in recent years, cryptocurrencies, appear as somewhat more sophisticated and even risky alternatives.

In this market, where the Argentine peso loses value minute after minute and access to the dollar is increasingly restricted, gold is positioned as a safeguard investments take into account.

How to invest in gold, how much does it cost and what are the advantages?

From the BBVA of Spain they explain that “investment in gold coins or bars is considered a “active refuge”because when stock markets collapse and economies enter a crisis, the metal tends to increase in value, because investors consider it a safe asset.”

Anyway, warns the bank that “when stock markets rise and the economy fluctuates, the price of gold usually falls.”

The BBVA article highlights the three main advantages of this investment:

1) Safety. Throughout history, the value of gold has generally increased.

2) Huge prestige. It is an asset appreciated on all markets.

3) More stable. Despite the normal fluctuations of any investment, gold has proven to have greater stability than stocks or cryptocurrencies.

Golden mode

Three modes can be distinguished in the gold market. THE chafa It is the metal obtained by melting accessories that contain gold. There are also the gold coins and, more conveniently in the case of investments, the ingots.

On the retail market, ingot molds are available in sizes of 5, 10, 20, 50 or 100 grams, in blisters whose size may be similar to that of a credit card. Although this facilitates storage, due to the insecurity that reigns in Argentina, it is best to leave the bars in a safe deposit box at a bank or other institution.

In Argentina, any person over the age of 18 You can buy or sell gold. Jewelry shops, antique houses and, in the case of ingots, banks are the right places to start with this investment.

How much is gold worth

The international value of gold is regulated by troy ouncean English measurement equivalent to 31.10 grams. To give an example, one kilo of gold is equivalent to 32.15 grams. At the end of October the value of the troy ounce was equal to 1,982 euros.

For the quotation it must also be taken into account that the pieces can contain 60% gold (14K), 75% gold (18K) or 99% gold (24K). Another element to consider is that there must be a authenticity certificate this shows that the piece does, in fact, have some of these percentages of gold.

According to the site Talupa, which offers a price calculator for quotes of this metal and cryptocurrency, among others, one gram of gold (24K) was trading at $22,305.81 on October 20.