Hi you guys, I see that mrporoto posted this question a while back and got no response. Is it possible not not one of you smart people here knows the answer? Maybe you´re like me and just didn´t see the question.
Well for sure I don´t know either but I´d like to. I understood a few months back that Argentines could not buy gold now. But today someone sent me an article that said Argentines are buying gold.
Does anyone know what is going on? Maybe they just could not get it a few months back. What say you?
Banco Ciudad is the only bank left that trades in gold after Fernandez banned the purchase of certified 99.99% pure gold for savings in July. The bank sells it at 99.96% purity, according to Carlos Leiza, who oversees the lender’s gold trading.
There is a 35% gap in the prices to buy and sell physical gold at Banco Ciudad, while there’s no premium to sell the country’s benchmark 2017 dollar bond in the local market, according to the Buenos Aires-based Open Electronic Market, known as MAE.
Gold sold by Banco Ciudad also isn’t recognized internationally, making it more difficult to determine its value, he said.
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