2024-02-17 22:42:33
For years, gold has been arousing the interest of the majority of investors around the world, even in South America, a region historically valuable in this metal and specifically susceptible to monetary fluctuations, is no exception. In fact, the consulting firm Trading Economics presented its report where it ranks first a South American country whose gold reserve is the best so far.
WHICH COUNTRY IN SOUTH AMERICA HAS THE LARGEST GOLD RESERVE?
According to Trading Economics, the country that leads the ranking in Latin America in terms of gold reserves is Venezuela, as it has approximately 161 tons in the Central Bank. In this way, said country has managed to be an important asset for other central banks, since it represents confidence and stability in economic matters, despite not having major changes since the second quarter of 2022.
In turn, Brazil, which follows on the list, has 129.65 tons of gold reserves, which has meant a large increase compared to previous years. For its part, Mexico is quite the opposite as it has presented a small decrease with 120 tons.
WHICH ARE THE COUNTRIES WITH THE LARGEST GOLD RESERVES IN THE WORLD, ACCORDING TO TRANDING ECONOMICS?
- United States: 8133 tons
- Germany: 3353 tons
- Italy: 2452 tons
- France: 2437 tons
- Russia: 2333 tons
- China: 2235 tons
- Switzerland: 1040 tons
- Japan: 846 tons
- India: 804 tons
- Netherlands: 612 tons
WHAT POSITION DOES PERU OCCUPY IN THE RANKING OF THE BEST PENSION SYSTEMS?
According to the Mercer CFA Institute Global Pension Index that carried out the study, the country that has the best pension system in South America is Chile with 69.9, 70 in suitability, 71.3 in sustainability and 84 in integrity, compared to nations such as Belgium or Canada. The report indicates that the southern country grew in integrity levels that increased to 84.0 compared to 2022 with 78.9.
While Peru, at the regional level, is located in fifth place and in the global list position 34 out of 47. The study indicates that the value was reduced to 55.5 and a grade of C in 2023 as opposed to 62.4 which was in 2018, thus representing a large decrease and setback in recent years with regard to pension systems.
HOW TO IMPROVE THE PENSION SYSTEM IN PERU, ACCORDING TO MERCER?
Mercer and CFA Institute suggest some points to raise the rating of the Peruvian pension system:
- Reduce access to pension assets before retirement—withdrawals from AFPS would not be approved—
- Increase the minimum level of support for the poorest older people
- Expand employee coverage in occupational pension plans—for example, by promoting tax benefits or establishing flexible investment rules; thus increasing the level of contributions and assets
- Introduce a requirement to display profit projections in members’ annual returns
- Allow people to retire gradually while receiving a partial pension
Additionally, the World Economic Forum highlighted three important areas that will have major impacts when it comes to the overall level of financial security in retirement:
- Provide a pension that serves as a “safety net” for everyone
- Improve ease of access to well-managed and cost-effective retirement plans
- Support initiatives that propose increasing the amount of contributions
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