Gold and Silver

Brendan Brown

Chapter 9 in A Theory of Hedge Investment, 1982, pp 171-184 from Palgrave Macmillan

Abstract: Abstract Gold is the king of bad news goods. The principal source of the metal’s value is the income which it would yield contingent on certain bad realities — war, energy catastrophe, hyperinflation, social revolution — each of which has small likelihood. Gold has further come to have a dominant influence on the movement of a wide range of bad news goods.

Keywords: Spot Price; Gold Price; Gold Coin; Gold Jewellery; Gold Share (search for similar items in EconPapers)
Date: 1982
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-06103-7_9

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DOI: 10.1007/978-1-349-06103-7_9

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