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Contribution Details

Type Master's Thesis
Scope Discipline-based scholarship
Title Gold – Barbaric Relic or Political Haven?
Organization Unit
Authors
  • Shakitthiyan Vettimayilnathan
Supervisors
  • Stefano Ramelli
  • Alexander Wagner
Language
  • English
Institution University of Zurich
Faculty Faculty of Business, Economics and Informatics
Number of Pages 79
Date 2020
Abstract Text This paper examines whether the belief in gold as a protection against political uncertainty represents the truth. Furthermore, this paper assesses whether the effectiveness of gold as political haven is affected by the introduction of gold ETFs. The results show that gold works as reliable political haven in most of the analyzed countries while gold ETFs elevate gold’s haven role in a majority of cases. Nevertheless, the identified haven properties of gold qualify most of the time merely as weak, and gold impresses much more in the background of financial market uncertainty than political ambiguity.
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