What precious metals act as safe havens, and when? Some US evidence

被引：202

作者：

Lucey, Brian M. ^{[1
,2
]}

Li, Sile ^{[1
]}

机构：

[1] Trinity Coll Dublin, Sch Business, Dublin, Ireland

[2] Trinity Coll Dublin, Inst Int Integrat Studies, Dublin, Ireland

来源：

APPLIED ECONOMICS LETTERS | 2015年 / 22卷 / 01期

关键词：

G15; F40; platinum; precious metals market; safe haven; palladium; silver; gold; YIELD SPREADS; GOLD; OIL; STOCKS; BONDS;

D O I：

10.1080/13504851.2014.920471

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Gold's role as a safe haven asset has been intensively studied in recent years. This article extends the previous literature and examines the safe haven properties of four precious metals (gold, silver, platinum and palladium) in a time-varying manner. Results from the United States show that during some periods of time silver, platinum and palladium act as a safe haven when gold does not. We also provide evidence as to the strength of the safe haven, with a finding that at times gold is not the strongest, safest, haven.

引用

页码：35 / 45

页数：11

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