PRECIOUS METALS ROLES IN INVESTMENT PORTFOLIO - COMPARATIVE ANALYSIS OF CZECH, HUNGARY AND POLAND
Published: 25 Sep 2014
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
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