The Gold Market at the Paris Stock Exchange: A Risk-Return Analysis 1950-2003

Thi Hong Van Hoang ()

Historical Social Research (Section 'Cliometrics'), 2010, vol. 35, issue 3, 389-411

Abstract: TThis 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.

Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (10)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:afc:histor:v:35:y:2010:i:3:p:389-411

Access Statistics for this article

Historical Social Research (Section 'Cliometrics') is currently edited by Claude Diebolt

More articles in Historical Social Research (Section 'Cliometrics') from Association Française de Cliométrie (AFC) Contact information at EDIRC.
Bibliographic data for series maintained by ().