The practice of using gold credits in the subsoil use
Year: 2015
Type: article
Abstract: The mining companies use the gold loans (credits) both to finance gold-mining works, and to hedge the price of a new metal; refineries and enterprises for the production of articles made of gold use the gold credits to manage an exposure to fluctuations in metal prices; commercial banks and portfolio investors - for arbitrage deals and profit. The use of the gold loan scheme in practice is described. The mechanism for the forward sale of gold is shown to be able to be combined with other tools of the credit market and the derivatives market. The role of the central bank in the gold loans is described.
Author: V. T. Borisovich
Institution: Russian State Geological Prospecting University
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W4301499600