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The gold market at the Paris stock exchange: a risk-return analysis 1950-2003
Der Goldmarkt an der Pariser Börse: eine Rendite-Risiko-Analyse 1950-2003
[Zeitschriftenartikel]
Abstract "This paper aims to study the return of investment in gold assets quoted at the Paris stock exchange during 54 years, from 1950 to 2003. Contrarily to what is thought about this mythical metal, its risk-return is very inferior to other financial assets (stocks and bonds). While it has a high degree ... mehr
"This paper aims to study the return of investment in gold assets quoted at the Paris stock exchange during 54 years, from 1950 to 2003. Contrarily to what is thought about this mythical metal, its risk-return is very inferior to other financial assets (stocks and bonds). While it has a high degree of risk, its return is less than that of the risk-free asset. Moreover for individual investors, investment in gold has given a very low result in real terms. A capital of 100 new francs invested in the gold coin napoleon in December 1949 would have been liquidated for 56 new francs in December 2003. So its real rate of return was -1% per year." (author's abstract)... weniger
Thesaurusschlagwörter
Investition; Ertrag; historische Entwicklung; Gold; Anlagevermögen; Börse; Kaufkraft; Vermögen; Frankreich; Finanzmarkt; Geldmarkt
Klassifikation
Volkswirtschaftstheorie
allgemeine Geschichte
Methode
empirisch; historisch; empirisch-quantitativ
Sprache Dokument
Englisch
Publikationsjahr
2010
Seitenangabe
S. 389-411
Zeitschriftentitel
Historical Social Research, 35 (2010) 3
DOI
https://doi.org/10.12759/hsr.35.2010.3.389-411
ISSN
0172-6404
Status
Veröffentlichungsversion; begutachtet (peer reviewed)