In a context of global economic uncertainty, gold has reaffirmed its historic role as a safe haven asset.
Over the past year, the precious metal has seen significant appreciation, driven by investors’ risk aversion and search for alternatives to preserve capital.
For savers in Argentina, there are ways to gain exposure to the price of gold without needing to physically acquire itand one of them is through banking entities such as Banco Galicia.
The financial institution allows its clients to invest in gold through an instrument known as CEDEAR (Argentine Certificate of Deposit). A CEDEAR is a financial asset that is traded in the local market, in Argentine pesos, but that represents a share or a fraction of a company or fund that is listed abroad.
In this case, it is a CEDEAR del ETF SPDR Gold Trust (GLD)one of the world’s largest exchange-traded funds tracking the price of gold. In this way, the investor acquires an asset that is tied to the international price of gold, although he can operate with it in Argentine pesos.
Any Banco Galicia client can operate with this type of assets from their home banking platform. Below, NoticiasVE presents a detailed tutorial on how to make this investment.
Step by step to invest in gold CEDEAR (GLD)
The procedure to acquire this digital asset is simple and is carried out entirely from the bank’s online platform.
1. Enter home banking and the Investments section
The first step is to access the personal account through Banco Galicia home banking. Once inside, in the main menu located on the left side of the screen, you must select the “Investments” option.
2. Start a new investment
Within the Investments panel, you will find a button in the upper right corner with the legend “New Investment”. When you click, the different asset options available for trading will be displayed.
3. Select the “ETF” option
The platform will show different investment categories. In this case, you must choose the “ETF” option (Exchange Traded Fund or Quoted Fund). These instruments replicate the behavior of an index, sector or, as in this situation, a commodity.
4. Choose the “GLD (gold)” ETF
Upon entering the ETF section, the system will present the available funds. You must select the one that corresponds to gold, identified as «GLD · Gold».
By clicking there, the platform offers a brief description of the instrument: «It is an investment fund designed to closely follow the price of physical gold, allowing you to invest in one of the most traditional assets in the world and benefit from the potential appreciations of this metal. Detail: Instrument: CEDEAR. Profile: Moderate / Risky.
After reading the information, you must press the «Continue» button.
5. Set up the purchase order
On this screen the details of the operation must be defined. The system will inform that it will be invested in the «GLD CEDEAR ETF SPDR GOLD TRUST» and that the funds will be debited from the savings account in pesos. Here are several key options:
- Order type: «Market» or «Limit». A “Market” order is executed at the best price available at that time, ideal for long-term investors who are not looking to speculate on specific prices. A «Limit» order allows you to establish a maximum price that you are willing to pay; The order will only be executed if the asset reaches that value or lower. For this example, “Market” was selected.
- Amount to invest: You can choose between “Money” (enter a specific amount in pesos) or “Nominal” (enter the number of securities you wish to purchase). In this test, it was decided to acquire 1 nominal, whose approximate value at the time of writing was 12,000 Argentine pesos.
- Settlement period: “Today” (also known as T+0) or “24 hours” (T+1). “Today” settlement means that the transaction is completed and settled on the same day, as long as it is carried out within market hours. “24-hour” settlement takes place on the next business day.
It is essential to carry out these operations within market hours for CEDEARs in Argentina, which is currently from 11:00 a.m. to 6:00 p.m.
6. Confirm the operation
The last step is a confirmation screen that summarizes all the order data: the asset to buy, the amount, the order type and the term. It is crucial to check that all the information is correct, accept the terms and conditions, and finally click «Confirm.»
Once confirmed, the platform will display a message indicating that the purchase request has been sent and that its status can be followed from «Investments > Bonds, Shares and CEDEAR > Orders in progress.» If the order was placed on “Market” and during trading hours, the execution is usually instantaneous.
To verify the holding, simply return to the main «Investments» menu, where the «CEDEAR ETF SPDR GOLD TRUST» should appear as part of the investor’s portfolio.
Y there the process ends. Investing in the CEDEAR Gold ETF through Banco Galicia represents an accessible alternative for Argentine savers to diversify their portfolio and gain exposure to a store asset of global value.
The operation, carried out completely online and in pesossimplifies access to financial instruments that would otherwise require an investment account abroad.