This post is the third of a series of notes on gold for the benefit of wealth management advisory firms. If you have any questions, feel free to contact us at cgp@goldbroker.com. More information about our business providers program by clicking here. In a previous post, we’ve seen that when your clients live in the euro zone, they have to track the price of gold in euro – not in US dollars. Only then – when one looks at the price of the yellow metal in the local currency – can one appreciate the financial properties of this wealth insurance. As we were reminded by recent news, it wouldn’t make a lot of sense for an Argentine saver to track the price of gold in US dollars. Since his wealth and his revenues are denominated in Argentine pesos, senior Garcia must look at the price of gold in that currency. A 32% performance since January 1st isn’t exactly the same thing as 0.71%, right? Spot gold in Argentine pesos (ARS) vs spot gold in US dollars (USD) s...
from GoldBroker.com https://www.goldbroker.com/news/is-protecting-your-clients-with-miners-good-idea-wealth-management-advisors-1327
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