Precious metals and inflation

Nicholas J. Taylor

62 citations0/0 files storedApplied Financial Economics

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Market Dynamics and Volatility Monetary Policy and Economic Impact Financial Markets and Investment Strategies

Abstract

This paper provides evidence in favour of the hypothesis that precious metals (gold, silver, platinum) act as short-run and long-run hedges against inflation. Using robust estimation techniques, this ability to hedge inflation is concentrated in the period before 1939 and around the second OPEC oil shock in 1979. During no other period could precious metals be used to hedge inflation.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 62 citations exist upstream.

References

1987Co-Integration and Error Correction: Representation, Estimation, and Testing 1988Statistical analysis of cointegration vectors 1981Principles of Corporate Finance.1987Time Series Regression with a Unit Root 1976COMMON STOCKS AS A HEDGE AGAINST INFLATION 1970Inflation, Inflation Hedges, and Common Stocks 1974Common Stock Performance and Inflation: An International Comparison 1971Individual Common Stocks as Inflation Hedges

Cited by

2003Gold factor exposures in international asset pricing 2015Superstitious seasonality in precious metals markets? Evidence from GARCH models with time-varying skewness and kurtosis

Imported from OpenAlex (CC0) — nothing here is generated.