The Price Volatility of Precious Metals in Times of Economic and Geopolitical Crisis
Journal Title: Academic Journal of Economic Studies - Year 2017, Vol 3, Issue 3
Abstract
People perceive gold, silver and platinum as jewellery and massive ingots, but their rarity and physicochemical properties recommend them as being suitable for a wide range of uses. The value of gold has led many states to diversify their economic portfolio by creating sovereign reserves. By buying massive amounts of gold, countries like China, Russia, India, Brazil and Turkey suggest that the purchase of precious metals is the best investment during the crisis. Research results show that the value of precious metals greatly increases at times of crisis because buying precious metals indemnifies states against international currency devaluation.
Authors and Affiliations
Viorel Mionel, Oana Mionel, Alexandra Moraru
Keywords
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