It is time to start building reserves in gold

[Dolores]

Economist Ellen Perez Ducy wrote in Diario Libre on Thursday, 20 February 2025 that the government should consider the benefits of holding gold reserves. The author writes that it is clear that holding gold would improve the international credit ratings enabling the country to lower the burden of interest payments and contract new debt at lower rates.

The Dominican Republic does not refine its gold. This is exported to India and Switzerland for refining. Regardless, the author suggests the country would be better off using financial instruments such as gold-collateralized loans and gold swaps to offset the cost of retaining gold. The author estimates that even receiving payment in species worth 10% of gold production from 2014-2024 would have resulted in a significant increase in the country’s international reserves.

She highlights that gold is a central export for the Dominican...

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[fuchs4d]

As I learned from discussions on this forum gold does not have the same value in the D.R. and North America as in other parts of the world.
In countries and regions such as Dubai, Vietname, Thailand, China, Turkey, the Arab world, Germany etc. gold as seen as a means of protection in times of crisis, especially in times of high inflation.
I would not bring gold to the D.R. because I do not know where I could sell it or if someone would except gold in exchange for a real estate.

In comparison to Santo Domingo, here a random pick from youtube (gold trading shops in Bankok):

Alexander

 

[Big]

Holding physical gold is a horrible investment, period.

 

[JD Jones]

Holding physical gold is a horrible investment, period.

Won't gain much interest, that's for sure. I've got a bunch from years ago and no idea what to do with it.