Gold Investment and Financial Crisis: Some Theoretical Consideration

Mohd Fahmi Ghazali, and Hooi Hooi Lean, and Zakaria Bahari, and Jasman Tuyon, (2018) Gold Investment and Financial Crisis: Some Theoretical Consideration. Labuan Bulletin of International Business and Finance (LBIBF), 16. ISSN 1674-7262

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Abstract

Due to its unique nature, gold has always been regarded as a safe asset. A drastic shift in recent years towards investment demand from jewellery demand reflects the concept that gold can be considered a safe haven asset in times of economic turmoil since investors construct their portfolios to include more gold as an alternative to riskier assets. This paper demonstrates the relevant theoretical dimensions of the gold investment during financial crises. Specifically, we exhibit how investor behaviour has the potential to support the safe haven property of gold. Evidence from this study shows that behavioural finance theories provide valuable contributions, and can aid in improving the understanding and the ability to make better decisions.

Item Type: Article
Subjects: H Social Sciences > HG Finance
Divisions: FACULTY > Labuan Faculty of International Finance
Depositing User: MR OTHMAN HJ RAWI
Date Deposited: 24 Jun 2019 00:28
Last Modified: 24 Jun 2019 00:28
URI: http://eprints.ums.edu.my/id/eprint/22293

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