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what financial assets can be bought in argentina with pesos and sold in the US?
Posted on 12/9/12 at 3:30 am
Posted on 12/9/12 at 3:30 am
obviously not gold and i'm guessing other such commodities as the government has banned their sale, but what about traditional financial derivatives, etc? how are those priced in light of the severely overvalued exchange rate?
reason I ask is there's a mushrooming demand for bitcoin as locals are desperate to avoid the severe inflation going on, so a US citizen could buy bitcoins using a us bank account, sell them locally for pesos at the informal exchange rate, and then if you could find an asset you could buy locally with pesos and then sell back in the states for dollars, have a pretty simple and easy arbitrage opportunity. The export tax they've been imposing makes things more difficult, but even with it there might be a large enough margin.
reason I ask is there's a mushrooming demand for bitcoin as locals are desperate to avoid the severe inflation going on, so a US citizen could buy bitcoins using a us bank account, sell them locally for pesos at the informal exchange rate, and then if you could find an asset you could buy locally with pesos and then sell back in the states for dollars, have a pretty simple and easy arbitrage opportunity. The export tax they've been imposing makes things more difficult, but even with it there might be a large enough margin.
Posted on 12/9/12 at 8:04 pm to el duderino III
I haven't the slightest clue, I'm just bumping the thread.
Posted on 12/9/12 at 8:38 pm to el duderino III
Carton's of cigarettes?
ETA: I don't have the slightest clue either. As noted by my guestimate. But fascinated with this thread.
ETA: I don't have the slightest clue either. As noted by my guestimate. But fascinated with this thread.
This post was edited on 12/9/12 at 8:39 pm
Posted on 12/9/12 at 9:43 pm to el duderino III
I'm totally talking out of my arse here, but maybe once you got the pesos you could buy a US receivable from an Argentinian company, surely there are several. Then sell it back here in the States.
There would be some legwork to make such a thing happen but it could probably be done if you're willing to spend the time on it, the question is whether the profit is worthwhile.
Apparently the government of Argentina is quite aware of arbitrage attempts and is doing a lot to make this difficult.
There would be some legwork to make such a thing happen but it could probably be done if you're willing to spend the time on it, the question is whether the profit is worthwhile.
Apparently the government of Argentina is quite aware of arbitrage attempts and is doing a lot to make this difficult.
Posted on 12/10/12 at 8:29 am to el duderino III
el duderino posting about bitcoin and it's not an attack?
I don't know what to think.![](https://images.tigerdroppings.com/Images/icons/shrug.gif)
I don't know what to think.
![](https://images.tigerdroppings.com/Images/icons/shrug.gif)
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