Year: 2018
Type: article
Abstract: The research is intended to examine the growing importance of gold during the economic instability in the financial markets. ObjectivesThe research is to study whether gold can be reintroduced into the financial system.We analyze trends and drivers in the domestic and global gold markets. MethodsThe methodological underpinning comprises objective principles of a systems approach, economic analysis, logic and comprehensive approach to evaluating economic phenomena and processes. ResultsGold was found to become more popular not only from investment perspectives.Gold evidently regains the reputation of a monetary metal.Central banks sold gold from their exchange reserves until 2009.However, in 2019 they formed the demand, buying gold.The instability of the global financial system makes countries holding gold reserves abroad repatriate them. Conclusions and RelevanceResting on the hegemony of the U.S. dollar, the global financial system perishes, paving the way to coming changes.It includes various options of the monetary circulation involving gold.
Source: Digest Finance
DOI: 10.24891/df.23.4.363
Authors: V.T. Borisovich, V.M. Zaernyuk
Institution: Russian State Geological Prospecting University
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W2906375856