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Author: Richard D. F. Harris Publisher: ISBN: Category : Languages : en Pages : 33
Book Description
In this paper, we propose a gold price index that enables market participants to separate the change in the 'intrinsic' value of gold from changes in global exchange rates. The index is a geometrically weighted average of the price of gold denominated in different currencies, with weights that are proportional to the market power of each country in the global gold market, where market power is defined as the impact that a change in a country's exchange rate has on the price of gold expressed in other currencies. We use principal components analysis to reduce the set of global exchange rates to four currency 'blocs' representing the U.S. dollar, the euro, the commodity currencies and the Asian currencies. We estimate the weight of each currency bloc in the index in an error correction framework using a broad set of variables to control for the unobserved intrinsic value. We show that the resulting index is less volatile than the USD price of gold and, in contrast with the USD price of gold, has a strong negative relationship with global equities and a strong positive relationship with the VIX index, both of which underline the role of gold as a safe haven asset.
Author: Richard D. F. Harris Publisher: ISBN: Category : Languages : en Pages : 33
Book Description
In this paper, we propose a gold price index that enables market participants to separate the change in the 'intrinsic' value of gold from changes in global exchange rates. The index is a geometrically weighted average of the price of gold denominated in different currencies, with weights that are proportional to the market power of each country in the global gold market, where market power is defined as the impact that a change in a country's exchange rate has on the price of gold expressed in other currencies. We use principal components analysis to reduce the set of global exchange rates to four currency 'blocs' representing the U.S. dollar, the euro, the commodity currencies and the Asian currencies. We estimate the weight of each currency bloc in the index in an error correction framework using a broad set of variables to control for the unobserved intrinsic value. We show that the resulting index is less volatile than the USD price of gold and, in contrast with the USD price of gold, has a strong negative relationship with global equities and a strong positive relationship with the VIX index, both of which underline the role of gold as a safe haven asset.
Author: Nick Barisheff Publisher: John Wiley & Sons ISBN: 1118443713 Category : Business & Economics Languages : en Pages : 277
Book Description
Learn why gold prices are sure to soar to $10,000/oz. and beyond...and how to profit As paper currency continues to lose its purchasing power and global markets struggle in the face of economic turmoil, investors are turning to gold to stabilize their portfolios. $10,000 Gold explains why this is a smart move, arguing that the price of gold will continue climbing to $10,000/ounce and beyond in the years to come. Looking at the underlying causes of gold's rising value, the book contends that intelligent investors have no choice but to invest in this precious metal. Written by one of the world's leading authorities on gold, the book teaches readers to think independently about gold, money, and the geopolitics that affect its price. The security of gold offers peace of mind, making fears about the fluctuation of the stock market irrelevant, and $10,000 Gold shows why, just like usual, gold remains the single best asset for preserving wealth in any economy. Looking at the world through the eyes of gold—where wealth is measured in ounces, not dollars—the book is a candid insight into the current state of the economy and how to stay safe no matter what lies ahead. Explains why gold price will soar to over $10,000/ounce Teaches readers to reconsider the way they think about money, showing that wealth should be weighed in gold, not unbacked dollars Provides invaluable advice on protecting money by putting it into the safest asset class on earth No one knows what the next few years hold for the economy, but investing in gold allows for financial security in any market.
Author: Edward Cooke Publisher: Good Press ISBN: Category : Fiction Languages : en Pages : 45
Book Description
This is a highly technical explanation of how the value of a gold sovereign was fixed relative to a specific quantity of pure gold. The author is keen to dismiss incorrect reports as to why the price of gold on the open market was rising and how this might affect the value of the Pound Sterling.
Author: Thomas Herold Publisher: eBookIt.com ISBN: 1456601377 Category : Business & Economics Languages : en Pages : 314
Book Description
We are all using dangerous, outdated, old economic strategies to protect and grow our money in the so-called 'new economy.' Most of us don't even know it. Every economy is, in some sense, 'new.' However, applying the rules from an 'older' economy to a 'newer' one during times of transition is a recipe for financial ruin.Economic transitions have been around for centuries . . . the difference is that now they are worldwide in scope and affect everything rather than local in nature with limited affects.While you sleep at night, while you go to work each day, something insidious is actually stealing your financial future. It isn't anyone's fault really. There is a massive reallocation of wealth as we transition into the new economy.There are two sides to this story. Because of the changing rules of money, the greatest transfer of wealth in the nation and the world is now unfolding. Money is about to flow away from the financially uninformed and flow towards the financially well-informed in the years ahead.This is nothing new, really. Money has always worked this way. The good news is that average members of the public now have more ways than ever before to understand this process and to take appropriate action.I am sure you are aware of the rising price of gold that's been going on for almost 10 years now. Most recently, gold started climbing with even greater speed. History repeats itself again and again. Whenever governments start to dilute their money investors transfer their money into gold. Gold has intrinsic value and will always prevail in any economy.What most non-investors and investors -- including yourself -- probably you don't realize is that although gold is a great way to preserve your wealth, it's silver that could actually make you rich!The price of gold has already risen dramatically, but silver is just beginning its climb.Nine Reasons Why Silver is a Unique Wealth Building Instrument - Silver, like gold, has intrinsic value- Silver has been in a commodity bull cycle since 2000- Silver is a safe hedge against currency inflation- Silver is a security choice during times of financial crisis- Silver is rarer than gold- Silver is used in 90% of all electronics -- and its mostly non-renewable- Silver inventories are very low- Silver leasing -- the scam will be exposed soon- Silver investment markets are expanding thanks to the ChineseWhat You Will Learn From Building Wealth with SilverYou will discover why the Federal Reserve was created and why you and I have been kept in the dark about its true purpose. You will find out why the U.S. dollar is quietly being destroyed without fanfare and the reason this process is being publically denied and covered up. You will see why unemployment numbers, along with many other economic figures, are rigged, and how we're are being lied to about their true significance.The insights you get from the first few chapters alone can change your life. Even if you were to study at Harvard for five years -- which would cost you, by the way, over $95,000 -- you would not have the knowledge you need to get any closer to this kind of insider information.Learn why silver is the best investment opportunity right now.Get the facts on silver production and consumption, and all the details behind silver's projected five- to eight-fold increase over the next several months.
Author: Gregor Kaufmann Publisher: ISBN: Category : Languages : en Pages : 211
Book Description
Gold is traditionally considered a safe investment, especially during a time of recession with high risks such as inflation, exchange rates depreciating and bank collapsing. The main reason is that, unlike any paper currency, gold has an intrinsic value and a stable purchasing power to goods and services. To be able to make a good investment on gold, it is necessary to identify the relevant factors that affect the price of gold, and then construct an optimal portfolio of the financial assets, including gold investments, stocks and bonds before and during the financial crisis. An investor should add gold to the investment portfolio as, gold can diversify the risks of stocks and bonds, and therefore, enhance the portfolio's ability of bearing risks in the crisis.
Author: Alex Uwajeh Publisher: ISBN: Category : Business & Economics Languages : en Pages : 59
Book Description
This is a Beginner's Basic Guide to Investing in Gold and Silver. As the dollar loses value, many investors are turning to precious metals, converting at least part of their investment portfolio from cash, equities and other assets into silver and gold in an attempt to preserve the value of their capital. This is why the price of gold has more than doubled since 2007. Similar to gold, silver has long been considered a safe investment, especially to hedge against inflation. Like gold, silver is a precious metal and has been used historically as a currency. it is still relatively rare and its unique properties have allowed it to maintain its value over many thousands of years. This book will help you gain a better understanding of gold and silver. Check out my other books: The Dividend Millionaire: Investing for Income and winning in the stock market. Economic Crisis: Surviving Global Currency Collapse - Safeguard Your Financial Future with Silver and Gold. Guide to Investing in the Nigerian Stock Market. Passionate about Stock Investing: The Quick Guide to Investing in the Stock Market. Building Wealth with Dividend Stocks in the Nigerian Stock Market - Dividends - Stocks Secret Weapon. Stock Market Investing: Pathway to Wealth Creation. In the Pursuit of Wisdom: The Principal Thing.
Author: Richard D. F. Harris
Author: Richard D. F. Harris
Author: Nick Barisheff
Author: Napoleon Wagner
Author: Edward Cooke
Author: Thomas Herold
Author: Gregor Kaufmann
Author: Alex Uwajeh
Author: Robert J. Belford
Author: Thomas Cornish
Author: Lord Charles Cocks Sommers