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A new hypothesis is set forth regarding what it means for gold to be a store of wealth. This property is contingent on … the type of monetary standard. Gold is a store of wealth in a Gold Standard when the value of a perpetuity paying one unit … of gold-compensated currency (Fisher, 1912) is constant. In a fiat economy, gold fulfills its store of wealth property …
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The article examines the impact of changes in the gold part of the reserves of the National Bank of Kazakhstan on their … total volume with an emphasis on the factor of changes in the price of gold. The value of the factor of the price of gold … the relevance of their safety. The paper tests the hypothesis that in such periods, the rise in the price of gold, due to …
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