CONDITION AND TENDENCIES OF DEVELOPMENT OF THE GOLD IN THE WORLD AND RUSSIA

K. N. Zuev ()

Russian Journal of Industrial Economics, 2015, issue 2

Abstract: The article presents data of largest gold stocks in world countries and largest world gold markets. The history of gold price development from the middle of the New time until now is described. The author analyses deviations in the gold world price for the last 17 years, as well as the impact of gold demand and supply on the price. He concludes that nothing can directly influence the gold price. The gold price is a matter being influenced by a plenty of variables, the production of gold companies being only one of them. The author analysis the last years gold output in world in Russia. He indicates the world leaders in gold production, Russia being one of them. He determines the companies leading in gold output, the Russian company PolyusGoldInt among them. The article presents the scheme of world gold turnover for the year 2013. The author believes that the – gold consumers can be divided in two groups differing in gold application. He lists Russian regions leading in the gold outputÂ

Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ach:journl:y:2015:id:210

DOI: 10.17073/2072-1633-2014-2-114-120

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