In Argentina, Goldman Bearish Gold Call Overrun by Inflation

``While Goldman Sachs Group Inc. called for gold prices to peak last month and billionaire George Soros cut his stake by more than half, Banco de la Ciudad de Buenos Aires, Argentina's only gold trader, is talking with mining companies to buy the metal directly as surging demand exhausts its supply of scrap. The bank began marketing gold to individuals after the nation tightened currency controls in October 2011, selling 280 kilos in its first year for 102.6 million pesos ($20 million)... "I'm buying gold every chance I get," Guillermo Acosta, a 27-year-old security guard, said inside a branch of Banco Ciudad in downtown Buenos Aires. "With this inflation, I feel like my savings will evaporate if I keep them in pesos."''