{"title":"黄金投资与金融危机:一些理论思考","authors":"M. F. Ghazali, H. Lean, Z. Bahari, Jasman Tuyon","doi":"10.51200/lbibf.v16i.1922","DOIUrl":null,"url":null,"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.","PeriodicalId":163324,"journal":{"name":"Labuan Bulletin of International Business and Finance (LBIBF)","volume":"10 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2018-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"GOLD INVESTMENT AND FINANCIAL CRISIS: SOME THEORETICAL CONSIDERATIONS\",\"authors\":\"M. F. Ghazali, H. Lean, Z. Bahari, Jasman Tuyon\",\"doi\":\"10.51200/lbibf.v16i.1922\",\"DOIUrl\":null,\"url\":null,\"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.\",\"PeriodicalId\":163324,\"journal\":{\"name\":\"Labuan Bulletin of International Business and Finance (LBIBF)\",\"volume\":\"10 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2018-11-30\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Labuan Bulletin of International Business and Finance (LBIBF)\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.51200/lbibf.v16i.1922\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Labuan Bulletin of International Business and Finance (LBIBF)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.51200/lbibf.v16i.1922","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
GOLD INVESTMENT AND FINANCIAL CRISIS: SOME THEORETICAL CONSIDERATIONS
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.
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