Financial Analytics: Science and Experience
 

On the return of gold to the financial system: Trends and driving forces

Vol. 11, Iss. 3, SEPTEMBER 2018

Received: 13 February 2018

Received in revised form: 13 March 2018

Accepted: 20 March 2018

Available online: 29 August 2018

Subject Heading: RELIABILITY OF FINANCIAL INSTITUTIONS

JEL Classification: E40, E44

Pages: 342–353

https://doi.org/10.24891/fa.11.3.342

Borisovich V.T. Russian State Geological Prospecting University (MGPI-RSGPU), Moscow, Russian Federation
vitaly.bor37@gmail.com

ORCID id: not available

Zaernyuk V.M. Russian State Geological Prospecting University (MGPI-RSGPU), Moscow, Russian Federation
zvm4651@mail.ru

ORCID id: not available

Subject This article discusses the role of gold in the conditions of economic instability in financial markets.
Objectives The article aims to consider the possibility of gold return to the financial system on the basis of the analysis of trends and driving forces in the domestic and global gold markets.
Methods The study uses the methods of economic analysis, systems, logical, and integrated approaches.
Conclusions The interest in gold not as an investment object only is growing all over the world. Gold is gradually beginning to regain the status of a monetary metal. Instead of selling, Central Banks have started buying gold. This tendency has been being observed since 2010 till nowadays. It is supposed to keep on going in 2018. The world financial system based on the USD hegemony is coming to an end. Changes are coming, including organization of the internal gold and currency circulation.

Keywords: gold, investing, gold and forex reserves

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