Publication detail

The Gold Commodity as a Value Holder and an Investment Instrument

HORTAI, F.

Original Title

The Gold Commodity as a Value Holder and an Investment Instrument

Type

conference paper

Language

English

Original Abstract

Gold traditionally has been used as a store of value and an inflation hedge. In addition to being a value holder, gold is also used across industries and by jewellers. The process of gold mining has its technological limitations, which in turn limits its supply while at the same time increasing its value. In the past, gold was used to back a number of currencies. The main objective of this paper is to define and describe the gold commodity, and then to analyse it from an investor‘s point of view what advanteges and risk this commodity holds. The result of the analysis is a list of factors impacting gold prices and gold buying options. In the short term, the buying of gold can bring both loss and profit to the investor, owing to the volatility of its market value. As a long-term investment, gold holds its value very well, and shows considerable resilience against the inflation. All in all, the gold commodity is more of a safeguard than an appreciating investment

Keywords

financial market, gold, commodity, investment instrument, inflation hedge, gold as safeguard

Authors

HORTAI, F.

Released

9. 11. 2016

Location

Seville, Spain

ISBN

978-0-9860419-8-3

Book

Proceedings of the 28th International Business Information Management Association Conference: Vision 2020: Innovation Management, Development Sustainability, and Competitive Economic Growth

Pages from

3855

Pages to

3866

Pages count

11

URL

http://www.ibima.org/SPAIN2016/papers/fran.html

BibTex

@inproceedings{BUT130257,
  author="František {Hortai}",
  title="The Gold Commodity as a Value Holder and an Investment Instrument",
  booktitle="Proceedings of the 28th International Business Information Management Association Conference: Vision 2020: Innovation Management, Development Sustainability, and Competitive Economic Growth",
  year="2016",
  pages="3855--3866",
  address="Seville, Spain",
  isbn="978-0-9860419-8-3",
  url="http://www.ibima.org/SPAIN2016/papers/fran.html"
}