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
Download full text
Back to the contents of the volume
© 2018 The Author(s). This is an open access article distributed under the terms of the Creative Commons Attribution License http://creativecommons.org/licenses/by/3.0/
, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. This permission does not cover any third party copyrighted material which may appear in the work requested.