Gold in the Optimal Portfolio

David A. Hsieh and John Huizinga

Chapter 11 in The Reconstruction of International Monetary Arrangements, 1987, pp 212-261 from Palgrave Macmillan

Abstract: Abstract Along with the collapse of the Bretton Woods system in the early 1970s has come renewed interest of investors of gold. This has been stimulated by unprecedented large positive and large negative returns to holding gold. Figure 11.1 shows the time path of the monthly return to owning gold, expressed at annual rate. It is not uncommon to observe returns of 200 per cent per annum in either direction.

Keywords: Real Estate; Break Line; Foreign Exchange; Optimal Portfolio; Portfolio Weight (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-18513-9_12

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DOI: 10.1007/978-1-349-18513-9_12

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