We study the impact of the 1933 abrogation of gold clauses on the slow recovery of corporate investment following the Great Depression. Legal challenges to the constitutionality of abrogating gold clauses exposed many firms to the possibility of a 69% increase in required payments to...

Gold is frequently cited by investors as a financial asset that can be associated with a negative beta coefficient. I investigate this hypothesis by estimating the beta coefficient of gold at different timescales and examining the associated implications for investors with different planning...

There is a growing empirical literature on gold's safe haven status with respect to financial risks but no study with respect to global geopolitical risks. This paper extends the common focus on extreme stock market movements and financial turmoil with an analysis of geopolitical risk. We find...