Do precious metals shine? An investment perspective

Financial Analysts Journal

Volumn 62, Issue 2, 2006, Pages 98-106

  Hillier, David ^a   Draper, Paul ^b   Faff, Robert ^c  

^a UNIVERSITY OF LEEDS   (United Kingdom)

^b UNIVERSITY OF EXETER   (United Kingdom)

^c MONASH UNIVERSITY   (Australia)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 33646415647     PISSN: 0015198X     EISSN: None     Source Type: Journal    
DOI: 10.2469/faj.v62.n2.4085     Document Type: Review

References (13)

1. Aggarwal, R., and L. Soenen. 1988. "The Nature and Efficiency of the Gold Market." Journal of Portfolio Management, vol. 14, no. 3 (Spring):18-21.
2. Bollerslev, T. 1986. "Generalized Autoregressive Conditional Heteroscedasticity." Journal of Econometrics, vol. 31:307-327.
3. Chan, M., and D. Mountain. 1988. "The Interactive and Causal Relationships Involving Precious Metal Price Movements." Journal of Business and Economic Statistics, vol. 6, no. 1 (January):69-77.
4. Chua, J., G. Sick, and R. Woodward. 1990. "Diversifying with Gold Stocks." Financial Analysts Journal, vol. 46, no. 4 (July/August):76-79.
5. Davidson, S., R. Faff, and D. Hillier. 2003. "Gold Factor Exposures in International Asset Pricing." Journal of International Financial Markets, Institutions and Money, vol. 13, no. 3:271-289.
6. Durbin, J. and G. Watson. 1951. "Testing for Serial Correlation in Least Squares Regression II." Biometrika, vol. 38:159-178.
7. Frank, M., and T. Stengos. 1989. "Measuring the Strangeness of Gold and Silver Rates of Return." Review of Economic Studies, vol. 56, no. 4 (October):553-567.
8. Jaffe, J.F. 1989. "Gold and Gold Stocks as Investments for Institutional Portfolios." Financial Analysts Journal, vol. 49, no. 2 (March/April):53-59.
9. Johnson, R., and L. Soenen. 1997. "Gold as an Investment Asset: Perspectives from Different Countries." Journal of Investing, vol. 6, no. 3 (Fall):94-99.
10. Radetzki, M. 1989. "Precious Metals: The Fundamental Determinants of Their Price Behaviour." Resources Policy, vol. 15, no. 3 (September):194-208.
11. Rubio, G. 1989. "An Empirical Evaluation of the Intertemporal Capital Asset Pricing Model: The Stock Market in Spain." Journal of Business Finance and Accounting, vol. 16, no. 5 (Winter):729-743.
12. Sherman, E.J. 1986. Gold Investment: Theory and Application. New York: Prentice Hall.
13. Solt, M., and P. Swanson. 1981. "On the Efficiency of the Markets for Gold and Silver." Journal of Business, vol. 54, no. 3 (July):453-478.