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Gold Market

Gold Market. Wang Siying , Cindy 2008801369. Introduction. Usage Historically: medium of transaction jewelry a relative standard for currency equivalents specific to economic regions or countries Investment:

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Gold Market

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  1. Gold Market Wang Siying, Cindy 2008801369

  2. Introduction • Usage • Historically: • medium of transaction • jewelry • a relative standard for currency equivalents specific to economic regions or countries • Investment: • hedge or safe haven against wars, economic depressions, and currency-based crises • way of storing of value • speculation

  3. Markets for gold • Coins and small bars • Exchange-traded gold (SEHK, SHFE) • Gold certificates • Gold orientated funds

  4. Gold VS Stock • Stability: During the last financial crisis we have recently experienced, the price of gold from the top to the bottom reduced 20%, ranking the least decreasing rate among the entire investment products • Information: More complicated for stocks. Have to concern the performance of the companies you invest in. Have to think about the facticity of their financial statement and other market information. • Market efficiency: Investors of gold market are more decentralized and international. It is harder for a single individual to control the gold price.

  5. Dow/ Gold ratio

  6. Factors influence gold price • Demand and supply • USD: negatively related. • Both are reserve assets • Relationships with world economy. • Gold measured in terms of USD • Worries of inflation (Oil price) • International policies (especially USA and countries product oil): wars and unrests

  7. News about gold market • China’s gold market • More influence on world gold market • Inflation • Bull market for USD • USA fourth quarter GDP in 2009 • Increase of interest rate

  8. Bull market of gold

  9. References • http://goldprice.cn/gold-price-history.html • http://huangjintouzi.blog.163.com/blog/static/86009020101131822582/ • http://www.chinavalue.net/Media/Article.aspx?ArticleID=47365 • http://goldnews.bullionvault.com/china_gold_rush_123120091 • http://www.invest.gold.org/sites/zh/how_to_invest/gold_orientated_funds/

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