Gold is an attractive investment vehicle for many people. Some risks of in investing in gold are surveyed. The price of gold and its fluctuation are examined which raises the concern to all short and long-term investors in gold. This prompts us to study what drives the price movements of gold....

History shows that prohibition diminishes the supply of capital and raises its returns. However, for value-added investors such as private equity investments, regulation potentially reduces capital quality. The regulatory measures introduced in Basel II Capital Framework and in the EU Capital...