scholarly journals The precious metals as a segment of the financial market

2020 ◽  
Vol 19 (2) ◽  
pp. 100-107
Author(s):  
Eduard Barinov
Keyword(s):  
Financial Market ◽  
Gold Mining ◽  
Precious Metals ◽  
Central Banks ◽  
The State ◽  
Mining Companies ◽  
Gold Market ◽  
Global Center ◽  
Production Demand

The article discusses the state of the precious metals market. The main focus is on the gold market, namely, production, demand, and prices. The role of Central banks in the precious metals market is noted. The state of the gold market in certain Western countries is analyzed. The role of London as a global center of gold is noted. The gold market in Russia is considered separately: the production of precious metal, the role of banks, the country,s Central Bank, and gold mining companies. Data on the state of the silver, platinum and palladium markets are provided.

scholarly journals The mechanism of the gold loan and its use in the gold mining industry

2017 ◽  
pp. 31-36
Author(s):  
V. T. Borisovich ◽  
Z. M. Nazarova ◽  
B. S. Madzhidov
Keyword(s):  
Commercial Banks ◽  
Gold Mining ◽  
Mining Industry ◽  
Precious Metals ◽  
Mining Companies

The essence of the gold loan and its role in the formation of the market of the precious metals have been considered. The gold mining companies are stated to be the main users of the borrowed gold. The main uses of the gold loans have been presented, including uses by gold mining companies, for the development of the mining industry and refinancing the debt. The modern problems of the functioning of the market for gold loans have been considered. The role of Central and commercial banks in the development of the market for gold loans has been reflected. The mechanism of the operation of the gold loan has been represented. The benefits of the gold credit for the gold mining industry compared to a conventional loan have been reflected.

Role of integration processes in development of a zolotorossypny extracting complex

10.12737/3616 ◽  
2014 ◽  
Vol 2 (1) ◽  
pp. 18-26 ◽  
Author(s):  
Ирина Краденых ◽  
Irina Kradenykh ◽  
Алексей Барчуков ◽  
Alyeksyey Barchukov
Keyword(s):  
Gold Mining ◽  
Economic Conditions ◽  
Small Companies ◽  
Mining Companies ◽  
Modern Economic ◽  
Production Increase

In modern economic conditions effective methods are necessary for the Russian gold mining companies for development of production, increase of competitiveness, profitability growth. The integration processes directed on consolidation of the medium-sized and small companies, are objective inevitability of a further stage of development of the Russian gold mining branch.

scholarly journals GOLD IN UKRAINE: INVESTMENT OR BUSINESS. MODERN VIEW

2020 ◽  
Vol 1(13) ◽  
pp. 191-197
Author(s):  
Vira Bratyuk ◽  
◽  
Halyna Mykhalchynets ◽  
Keyword(s):  
Foreign Exchange ◽  
Precious Metals ◽  
The State ◽  
Steady Increase ◽  
Foreign Exchange Reserves ◽  
Gold Market ◽  
The World ◽  
Private Savings ◽  
Gold Futures ◽  
Gold Metal

ical gold metal and (or) the purchase of gold futures can reduce the risks of the portfolio due to the volatility of the price of gold and its recognition as a global benchmark. Studies of the state and prospects of the gold market in Ukraine remain relevant, as trends in the world gold market show a steady increase in price and demand. The aim of the article is to study the current state of the world gold market, study the rating of gold and foreign exchange reserves of the leading countries, study modern mechanisms of gold trading, review the state of exchange trade in gold metal in Ukraine. General scientific research methods have been used to compare and analyze global trends in the world gold market and its main tools. The article determines that exchange trade in precious metals in Ukraine is underdeveloped and represented by the market of bank metals. Today's market does not meet global requirements and popularity. Private investors are not very active in buying gold futures. Normative provisions on gold trade provide for the movement of bank metals, gold for industrial needs, and gold scrap in Ukraine. It has been substantiated that the reasons for the lack of interest in placing gold futures in Ukraine are the lack of legislation on the private gold market, the low level of economic development of the country, the current geopolitical situation. It has been concluded that the development of the market of gold and precious metals is important, as its positive changes will add opportunities to start the movement of gold by releasing it from private savings into an investment vehicle. It has been concluded that the main content of state support for the development of the gold market in Ukraine is to create an opportunity for Ukrainians to compete with foreigners for investment in Ukrainian business. Issues of gold market development are relevant and require further research. Key words: precious metals market, gold, bank metal, ETF instruments, gold stock of the country, gold and foreign exchange reserves.

Zimbabwean gold mining faces more elite manipulation

2021 ◽  
Keyword(s):  
Gold Mining ◽  
The State ◽  
Political Elites ◽  
Content Type ◽  
Gold Market ◽  
Political Clout ◽  
Elite Level ◽  
Target Set ◽  
The Government ◽  
Production Target

Significance However, sectoral mismanagement and elite-level corruption has meant that this resource is allegedly enriching a handful of politically connected individuals, while impoverishing many and destabilising swathes of the country. The government has recently begun dismantling the sole trader of gold in the country, Fidelity Printers and Refiners (FPR), seemingly offering a boost to the local gold market. Impacts Most gold will continue to be smuggled out of the country, depriving citizens and the state of crucial revenues. Zimbabwe will not reach the 40-tonne-per-year production target set by the government by 2023. Gold militias controlled by political elites will be an increasingly important source of political clout in moments of crisis.

scholarly journals Gold - the Basic Element of the Financial System

2020 ◽  
Vol 21 (3) ◽  
pp. 405-426
Author(s):  
Lyubov Parshina
Keyword(s):  
Gold Mining ◽  
Intrinsic Value ◽  
Central Banks ◽  
Basic Element ◽  
Purchasing Power ◽  
Financial Assets ◽  
Current Economic Climate ◽  
Economic Climate ◽  
Sustained Inflation

Savings is now becoming more and more important, primarily because of inflationary pressures. The article attempts to answer the question of which financial assets can be placed in order to preserve, at least, purchasing power. In the current economic climate, the role of gold as a universal financial instrument is beginning to grow, not only for central banks but also for individuals. Certain characteristics of gold give it advantages over other types of investments and assets. Gold has been used as money for over five thousand years. Even after the abolition of gold and foreign exchange standard, gold retains important qualities, such as immunity to sustained inflation, initial intrinsic value and high money intensity. The article examines the role of gold as one of the main ways to preserve the purchasing power of savings. The article explores gold mining both in the world and in Russia. The study concluded that gold has advantages as an asset base on its physical properties and reputation it has developed over millennia.

scholarly journals Budgeting as an Instrument of Increasing Competitiveness and Sustainability of Mining Enterprise

2020 ◽  
Vol 174 ◽  
pp. 04054
Author(s):  
Natalia Rebrowa ◽  
Alexandr Kovalev ◽  
Olga Frik ◽  
Gaik Sargsyan
Keyword(s):  
Sustainable Development ◽  
Financial Performance ◽  
Financial Planning ◽  
Structural Adjustment ◽  
The State ◽  
Planning Tool ◽  
Mining Companies ◽  
Mining Enterprise

The authors conducted a study of the concept and essence of budgeting as a financial planning tool for mining companies to secure their sustainable development. The role of budgeting in increasing the competitiveness and sustainability of the organization is shown. The importance of information on the state of budgets is shown. This information provides the company management with the opportunity to analyze the financial performance of the structural divisions of the company, identify promising areas of activity, as well as areas of differentiation of activities or structural adjustment.

Interests need not be pursued if they can be created: private governance in African gold mining

2014 ◽  
Vol 16 (2) ◽  
pp. 247-266 ◽  
Author(s):  
Ainsley D. Elbra
Keyword(s):  
Empirical Analysis ◽  
Gold Mining ◽  
Mining Industry ◽  
The State ◽  
Investment Risk ◽  
Private Governance ◽  
Mining Companies ◽  
Private Authority ◽  
Sub Saharan ◽  
Elite Interviews

Mining companies are increasingly seen as co-governors of sub-Saharan Africa's gold mining industries, sharing sovereignty with states through private governance initiatives. Using interviews with company executives from the continent's largest gold mining firms this paper highlights the private authority of these firms vis-à-vis the state. This paper firstly examines the globalization and governance literature, focusing on why states share sovereignty with non-state actors. Secondly, a “three faces of power” framework is employed to understand how authority is exercised. Thirdly, private governance regimes specific to the mining industry are outlined. Finally, individuals’ and firms’ attitudes towards these private governance regimes are examined through an analysis of elite interviews. The theoretical and empirical analysis demonstrates that firms are formulating rules in order to increase certainty and reduce investment risk. These firms are engaging in private governance initiatives to build reputations as industry experts thereby controlling the regulation of their sector, rather than sharing authority with states.

scholarly journals THE CONGRESSES OF TRANSBAIKAL GOLD INDUSTRY ENTREPRENEURS IN 1898 – 1919

2017 ◽  
pp. 58-61
Author(s):  
V. A. Maruev
Keyword(s):  
Gold Mining ◽  
The State ◽  
State Archive ◽  
Irkutsk Region ◽  
History Of ◽  
Gold Miners ◽  
Gold Industry ◽  
First Time ◽  
First World

The article features an analysis of projects of congresses of gold miners in Transbaikal and correspondence concerning the organization of these congresses in 1898 – 1919. It is the first time a number of documents of the State Archive of Irkutsk region and the State Archive of the Transbaikal region have been examined. The article describes the history of the origin and development of the Congress of prospectors, as an independent institution. It illustrates the evolution of the role of the Congress as a body representing the collective interests of gold industry entrepreneurs. The article reveals contradictions between the gold miners they faced in addressing the issues. The research identifies the key interests and problems of gold miners at the turn of XIX – XX centuries On the basis of documents on the organization of congresses it examines the situation of workers, development of medical Affairs, the condition of routs of communication in the mines. The conclusion is made about the value of the documents of the congresses for the study of issues of social, technical and financial challenges of gold mining. The archival data reveal the effect of Russia's participation in the RussoJapanese and First World wars on its gold production. The obtained results allow a more detailed study of the gold mining past of this region. 

scholarly journals Transition to A True Currency: Impact of COVID-19 on The World Currency System

2021 ◽  
Vol 4 (2) ◽  
pp. 42-47
Author(s):  
Indra Fajar Alamsyah ◽  
Juliana Juliana
Keyword(s):  
Qualitative Research ◽  
Historical Analysis ◽  
Precious Metals ◽  
Central Banks ◽  
The State ◽  
Analysis Approach ◽  
Oil Reserves ◽  
Fiat Money ◽  
Bargaining Position ◽  
The Us

The purpose of this paper is to manifest the unrefined design of the transition of the currency system from centralized fiat money based on the US Dollar to the real currency system that relies on the precious metals-based currency after reviewing the rapid changes from the COVID-19 phenomenon to various sectors of life, including the currency system. This paper used qualitative research with a historical analysis approach or historiography that deals with precious metals-based currency in the pastime, and it is used to produce relevant analyses for the future. First, states that prefer to transition to a precious metals-based currency ought to combine them in a single political institution that can provide a strong bargaining position in politics. Second, they have to withdraw gold reserves from the major central banks by making a trade balance surplus paid only in precious metals. Third, at this transitional stage, the use of oil reserves as a political economy of energy to withdraw gold reserves at the major central banks and the issuance of money is temporary until the state is fully stable and a new wave of gold reserves begin to enter. The underlying study will provide a comprehensive analysis of the currency system scheme in this modern era. Previous works have only focused on the superior aspects of the precious metals-based system and criticisms of the fiat money system, without detailing the steps to supersede the fiat money-based system. This paper used qualitative research with a historical analysis approach or historiography. It attempted to fill this glaring gap and expected to produce a study for implementation within the state scope.

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