Oil and precious metals: Volatility transmission, hedging, and safe haven analysis from the Asian crisis to the COVID-19 crisis

2021 ◽  
Author(s):  
Walid Mensi ◽  
Ramzi Nekhili ◽  
Xuan Vinh Vo ◽  
Sang Hoon Kang
Keyword(s):  
Precious Metals ◽  
Asian Crisis ◽  
Safe Haven ◽  
Volatility Transmission

scholarly journals Desain Finite State Automata Untuk Merancang Vending Automata Logam Mulia

2021 ◽  
Vol 8 (2) ◽  
pp. 113
Author(s):  
Susanto Susanto ◽  
Venny Yulianty ◽  
Bobby Suryo Prakoso ◽  
Suwanda Suwanda ◽  
Windu Gata ◽  
...  
Keyword(s):  
Internet Of Things ◽  
Precious Metals ◽  
The Internet ◽  
Finite State Automata ◽  
Safe Haven ◽  
Vending Machines ◽  
Keywords Internet ◽  
Finite State ◽  
Modern Era ◽  
The Internet Of Things

Abstrak: Menabung logam mulia merupakan investasi yang dianggap safe haven, ditengah era modern saat ini menabung logam mulia dapat dilakukan dengan cara dicicil, sedangkan yang menjadi masalahnya adalah kekhawatiran ketika fisik logam mulia tidak dapat ditarik fisiknya yang membuat potensi fraud atau investasi bodong yang sedang marak saat ini, untuk mengatasi masalah itu penjualan logam mulia dapat dikembangkan menjadi lebih menarik dengan vending machine, untuk memperdalam pemahaman mengenai salah satu model komputasi yang mendasar dan pengenalan Internet of Things (IoT), desain vending machine ini akan menggunakan metode finite state automata (FSA). Dengan desain finite state automata, penelitian ini telah menghasilkan desain vending machine logam mulia berbasis Internet of Things (IoT) dari cara login ke vending machine sampai fisik logam mulia dapat diterima. Produk penjualan logam mulia dengan menggunakan vending machine ini diharapkan dapat menjangkau masyarakat lebih luas untuk berinvestasi, khususnya logam mulia.   Kata kunci: Internet of Things, logam mulia, vending machine   Abstract: Saving gold is an investment that is considered a safe haven, in the midst of today's modern era saving gold can be done in installments, while the problem is the concern when the physical gold cannot be physically withdrawn which creates the potential for fraud or fraudulent investments that are currently rampant. to overcome this problem the sale of precious metals can be developed to be more attractive with vending machines, to deepen understanding of one of the fundamental computing models and the introduction of the Internet of Things (IoT), this vending machine design will use the finite state automata (FSA) method. With the design of finite state automata (FSA), this research has resulted in the design of a gold vending machine based on the Internet of Things (IoT) from how to login to the vending machine until the gold is physically acceptable. The product selling gold using vending machines is expected to reach a wider audience to invest, especially gold.   Keywords: Internet of Things, precious metals, vending machine

The role of precious metals in extreme market conditions: evidence from stock markets

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Sinem Guler Kangalli Uyar ◽  
Umut Uyar ◽  
Emrah Balkan
Keyword(s):  
Stock Market ◽  
Stock Markets ◽  
Global Financial Crisis ◽  
Precious Metals ◽  
Market Condition ◽  
Time Varying ◽  
Safe Haven ◽  
Stock Market Returns ◽  
Content Type ◽  
Gold Silver

Purpose The purpose of this paper is to scrutinize three different points: How safe haven properties of precious metals (gold, silver, platinum and palladium) differentiate in two recent major crises such as the Global Financial Crisis (GFC) and the COVID-19 pandemic? How safe haven properties of precious metals change by the severity and the duration of shocks? and whether precious metals have hedge properties or not in normal conditions against different stock markets. Design/methodology/approach To analyze the time-varying behavior of precious metals with respect to stock market returns, the authors used the rolling window approach. After obtaining the time-varying beta series that way, the authors regressed the beta series on different severities of stock market shocks. Findings The findings show that the number of safe haven precious metals increases in the COVID-19 pandemic period compared to the GFC. Furthermore, the number of safe haven precious metals increases as the severity of shocks increases and the duration of them extended. Finally, in the absence of an extreme market condition, only gold has strong hedge asset properties. Originality/value To the best of the authors’ knowledge, this study is the first that examines the safe haven and hedge properties of all tradable precious metals against seven major stock markets. Besides this, it presents a comparative analysis for the safe haven properties of precious metals in terms of two major crises.

scholarly journals Intraday volatility transmission among precious metals, energy and stocks during the COVID-19 pandemic

2021 ◽  
Vol 72 ◽  
pp. 102101
Author(s):  
Saqib Farid ◽  
Ghulam Mujtaba Kayani ◽  
Muhammad Abubakr Naeem ◽  
Syed Jawad Hussain Shahzad
Keyword(s):  
Precious Metals ◽  
Volatility Transmission ◽  
Intraday Volatility

Gold as a Portfolio Diversifier: The World Gold Council and Investing in Gold

2017 ◽  
pp. 1-14
Author(s):  
Pedro Matos ◽  
Richard B. Evans
Keyword(s):  
New York ◽  
Portfolio Management ◽  
Asset Management ◽  
Precious Metals ◽  
Portfolio Allocation ◽  
Safe Haven ◽  
Risk Return ◽  
The World ◽  
Asset Class ◽  
Run Up

This case is taught in Darden's Investments elective but could be used in introductory Finance classes to explore the concept of diversification of investments or in a portfolio management course as a means to explore optimal portfolio allocation. It is accompanied by several teaching tools including a teaching note for instructors, student and instructor spreadsheets, student and instructor videos, and a PowerPoint deck for class debrief. The case would work well in a module sequenced between CornerStone Partners (UVA-F-1677) used before and Pravda Asset Management (UVA-F-1602) used after.The global head of investment research at the World Gold Council (WGC) has finished his presentation “The Strategic Case for Gold as an Asset Class” at the 2012 Bloomberg Precious Metals Conference in New York. As a result of the market collapse in 2008 and the ongoing euro-area crisis, investors worldwide have safety and security on their minds, and many in the room were wondering whether gold would provide capital preservation and improve the overall risk-return tradeoff of their portfolios. At the same time, the sustained run-up in the price of gold since 2001 that was mentioned in the presentation was a cause for concern. Was gold the safe haven that it had proved to be in 2008 and 2009, or was it an asset class at the peak of a bubble? The investment case for gold deserved closer examination.

Precious Metals as Hedge and Safe-Haven for African Stock Markets

2021 ◽  
Author(s):  
Muhammad Naeem ◽  
Abraham Agyemang ◽  
Md Iftekhar Hasan Chowdhury ◽  
Mudassar Hasan ◽  
Syed Jawad Hussain Shahzad
Keyword(s):  
Stock Markets ◽  
Precious Metals ◽  
Safe Haven

scholarly journals Transmisi Volatilitas antara Nilai Tukar dan Indeks Harga Saham Gabungan di Pasar Finansial Indonesia: Analisa Setelah Krisis Finansial Asia 1997

2020 ◽  
Vol 6 (3) ◽  
Author(s):  
Anhar Fauzan Priyono
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Composite Index ◽  
Asian Crisis ◽  
The Other ◽  
Var Model ◽  
Volatility Transmission ◽  
Other Hand ◽  
Us Dollar

Volatility of Indonesia Rupiah and Jakarta Composite Index remain one of main issues in Indonesia economy after 1997 Asian crisis. The objectives of this research are (1) determining the volatility of Indonesia Rupiah to US Dollar exchange rates and Jakarta Composite Index (JCI) and (2) analysing the dynamic volatility transmission between exchange rates and JCI. Exchange rate and JCI volatility were measured using GARCH(1,1) approach. Estimated using VAR model, this study found that current volatility of exchange rate (ER) respond significantly to the change of volatility of Jakarta Composite Index (JCI) in the previous 2 months. On the other hand, contribution of JCI volatility to ER is greater than ER volatility to JCI, supporting the portfolio balanced theory.

scholarly journals APAKAH LOGAM MULIA MERUPAKAN SAFE HAVEN ATAU HEDGE PADA BEBERAPA PASAR MODAL DI DUNIA?

2019 ◽  
Vol 14 (2) ◽  
pp. 269-282
Author(s):  
Robiyanto Robiyanto ◽  
Mikha Mandela Kapahang
Keyword(s):  
New York ◽  
Capital Markets ◽  
Capital Market ◽  
Precious Metals ◽  
Safe Haven ◽  
Monthly Data ◽  
Arch Effect ◽  
Gold Silver ◽  
Stationarity Test ◽  
Effect Test

This study attempts to analyze the ability of precious metals (gold, silver, platinum, and palladium) to act as a safe haven and hedging instruments on some of the capital market in the world. This study uses monthly data from January 2007 to December 2016. Stationarity Test, ARCH Effect Test and GARCH (1,1) Analysis are used to analyse the data. The results of this study indicate that gold is only capable of being a safe haven instruments in the capital markets of Tokyo, as well as gold are not able to be a hedging instrument for all capital markets studied. Silver is only capable of being a safe haven instruments separately Tokyo capital markets, as well as silver are not able to be a hedging instrument for all capital markets studied. Platinum is not capable of being a safe haven instruments for all capital markets studied, but platinum is able to be a hedging instrument for the Korean stock market and Tokyo. Palladium is not capable of being a safe haven instruments for all capital markets studied, but palladium is able to be a hedging instrument separately Australian capital markets, New York, Hong Kong, Korea, and Tokyo.

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