Precious metals and inflation
This paper provides evidence in favour of the hypothesis that precious metals (gold, silver, platinum) act as short-run and long-run hedges against inflation. Using robust estimation techniques, this ability to hedge inflation is concentrated in the period before 1939 and around the second OPEC oil shock in 1979. During no other period could precious metals be used to hedge inflation.
Year of publication: |
1998
|
---|---|
Authors: | Taylor, Nicholas |
Published in: |
Applied Financial Economics. - Taylor & Francis Journals, ISSN 0960-3107. - Vol. 8.1998, 2, p. 201-210
|
Publisher: |
Taylor & Francis Journals |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Intraday and Interday Basis Dynamics: Evidence from the FTSE 100 Index Futures Market
Garrett, Ian, (2001)
-
Supporting Social Protection Systems
Samson, Michael J., (2015)
-
Local versus foreign analysts' forecast accuracy : does herding matter?
Choi, YoungâSoo, (2021)
- More ...