Zbyněk Revenda
Investice do drahých kovů a akcií
Číslo: 4/2016
Periodikum: Acta Oeconomica Pragensia
DOI: 10.18267/j.aop.542
Klíčová slova: Dow Jones, financial crisis, gold, investment, market price, profitability, risk, silver, stocks, finanční krize, zlato, investice, tržní cena, ziskovost, riziko, stříbro, akcie.
Pro získání musíte mít účet v Citace PRO.
considered profitable and safe. Our analysis for the United States in 2005 – Q2 2015 demonstrates
that it is very questionable. In this period, which included the US financial crisis, precious metals
were coupled with a greater price volatility and lower real income than was the case with stocks in
the DJIA index. Even over a sufficiently long period, gold and silver were not a good store of value
with positive real returns. Moreover, demand deposits were also more profitable than gold in the
longer term after 1980. In the long run, contrary to the beliefs, precious metals may not to keep
good value in the physical form or in the form of securities linked to the price development of these assets. Commemorative and historical coins with a numismatic value are the most appropriate investment in precious metals. However, this investment is also associated with some risk.