Skip to content


The Financial Economics of Gold – A Survey

by on July 8, 2015

We review the literature on gold as an investment. We summarize a wide variety of literature, including the papers in this special issue of International Review of Financial Analysis to which this survey acts as an editorial introduction. The full paper can be downloaded here.

We begin with a review of how the gold markets operate, including the under researched leasing market; we proceed to examine research on physical gold demand and supply, gold mine economics and move onto analyses of gold as an investment. Additional sections provide context on gold market efficiency, the issue of gold market bubbles, gold’s relation to inflation and interest rates, and the very nascent literature on the behavioural aspects of gold.

O’Connor, Fergal A. and Lucey, Brian M. and Batten, Jonathan A. and Baur, Dirk G., The Financial Economics of Gold – a Survey (July 8, 2015). Available at SSRN

From → Empirical, Gold, Opinion

One Comment

Trackbacks & Pingbacks

  1. Breaking Gold News and Commentary (14 July 2015)

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: