Precious metals as safe haven assets in the South African market

David A. Hunt, Corlise L le Roux and Niel Oberholzer
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David A. Hunt: University of Johannesburg, South Africa
Corlise L le Roux: University of Johannesburg, South Africa
Niel Oberholzer: University of Johannesburg, South Africa

in ABEM Conference Proceedings from Academy of Business and Emerging Markets (ABEM), Canada, currently edited by Satyendra Singh

Abstract: The role of precious metals as hedges and safe havens has been extensively studied across various markets. However, no precious metals other than gold have been considered in a South African setting. This study extends previous literature to determine which of the four precious metals provides the most viable hedge and safe haven in relation to the domestic stock and bond markets for South African investors? The results suggest that all four precious metals have significant hedging properties in relation to domestic bond market but not the stock market. It was also determined that while all four metals contain safe haven properties, gold is the only precious metal to act as a significant safe haven against both South African stocks and bonds.

Keywords: precious metals; assets; South Africa (search for similar items in EconPapers)
Date: 2018
ISBN: 9780993734236
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Persistent link: https://EconPapers.repec.org/RePEc:ris:abemcp:023185

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