PRECIOUS METALS ROLES IN INVESTMENT PORTFOLIO - COMPARATIVE ANALYSIS OF CZECH, HUNGARY AND POLAND

Magdalena Walczak

Economy & Business Journal, 2014, vol. 8, issue 1, 1220-1230

Abstract: This article presents research conclusions on the properties and role of precious metals from the perspectives of Czech, Hungarian and Polish investors. BUX, PX-GLOBE and WIG20 indices were used to represent the market. The analysis covers the years 2007-2013 which were divided into the phases of decline, growth and relative stability, depending on how stock indices performed. Gold, silver, platinum and palladium were assigned the role of a safe haven, a diversifier and a hedge.

Keywords: precious metal investment; conditional variance; safe heaven investment; beta coefficient (search for similar items in EconPapers)
JEL-codes: A (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:isp:journl:v:8:y:2014:i:1:p:1220-1230

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