Against the backdrop of global economic uncertainty, Gold reaffirms its historic role as a safe-haven asset.
Precious metals have appreciated significantly over the past year as investors seek risk-aversion and alternatives to preserve capital.
Argentina’s savers have the following options: You can know the price of gold without physically acquiring it.one of them is through Banking companies such as Banco Galicia.
Financial institutions allow their customers to invest in gold through a product known as . CEDEAR (Argentine Negotiable Certificate of Deposit). CEDEAR is a financial asset traded in Argentine pesos on the domestic market, but represents shares or parts of companies or funds listed abroad.
In this case it is CEDEAR del ETF SPDR Gold Trust (GLD)one of the world’s largest exchange-traded funds that tracks the price of gold. In this way, investors obtain an asset linked to the international price of gold, but are able to invest their gold in Argentine pesos.
Banco Galicia customers can operate this type of asset from their home banking platform. Below, CriptoNoticias presents a detailed tutorial on how to make this investment.
Step-by-step to invest in Gold CEDEAR (GLD)
The steps to acquire this digital asset are simple and all done through the bank’s online platform.
1. Enter the Home Banking and Investment section
The first step is to access your personal account through Banco Galicia Home Banking. Once inside, in the main menu on the left side of the screen, you need to select the “Invest” option.
2. Start a new investment
In the top right corner within the Investments panel, there is a button with the legend New Investment. Click to see the different asset options available for trading.
3. Select the “ETF” option
The platform displays various investment categories. In this case, you should choose the “ETF” option (exchange traded fund or exchange traded fund). These products replicate the movement of an index, sector, or commodity like this situation.
4. Select “GLD (Gold)” for ETF
Once you enter the ETF section, the system will display the available funds. You must select the one that corresponds to gold, identified as “GLD/Gold”.
When you click on it, the platform will display a short description of the product. “This is an investment fund designed to closely track the price of physical gold, allowing you to invest in one of the world’s most traditional assets and benefit from the metal’s potential appreciation.” Details: Instrument: CEDEAR. Profile: Moderate/Risk.
After reading the information, you need to press the “Continue” button.
5. Purchase order settings
This screen requires you to define the details of your operation. The system will notify you that you will be invested in “GLD CEDEAR ETF SPDR GOLD TRUST” and that the funds will be debited from your savings account in Pesos. Here are some important options:
- Order type: “Market” or “Limit”. “Market” orders are executed at the best available price at the time, making them ideal for long-term investors who don’t want to speculate on a specific price. A “limit” order allows you to set the maximum price you are willing to pay. The order will only be executed if the asset reaches that value or lower. In this example, we selected “Market”.
- Investment amount: You can choose between “Amount” (enter a specific amount in Pesos) or “Nominal” (enter the number of securities you wish to purchase). For this test it was decided to take the nominal one. The approximate value at the time of writing was 12,000 Argentine Pesos.
- Payment period: “Today” (also known as T+0) or “24 hours” (T+1). “Today” settlement means that the trade will be completed and settled on the same day, as long as it is executed during market hours. “24-hour” payments will be made on the next business day.
It is imperative that these operations be performed during CEDEAR market hours in Argentina, which are currently 11 a.m. to 6 p.m.
6. Operation confirmation
The final step is a confirmation screen that summarizes all your order data, including assets to purchase, amount, order type, and duration. It is important to confirm that all information is correct, agree to the terms and conditions, and finally click Confirm.
Once confirmed, the platform will display a message stating that your purchase request has been submitted and that its status can be tracked from Investing > Bonds, Stocks and CEDEAR > Open Orders. If an order is placed on the Market during trading hours, execution is typically instantaneous.
To confirm your holdings, simply return to the main “Investments” menu and “CEDEAR ETF SPDR GOLD TRUST” will now appear as part of your investor’s portfolio.
Y the process will terminate there. Investing in the CEDEAR Gold ETF through Banco Galicia is an accessible option for Argentine savers to diversify their portfolios and gain exposure to globally valuable retail assets.
Operation performed Completely online in Pesossimplifies access to financial products that require an overseas investment account.
(Tag translation) Argentina
