Investment Risks and Insurance in the Gold Market

Authors

  • Nikolay Megits Hamline University School of Business https://orcid.org/0000-0002-3959-7647
  • Serhij Reverchuk Lviv Ivan Franko National University
  • Lyudmyla Chyzh Lviv Ivan Franko National University

DOI:

https://doi.org/10.15549/jeecar.v1i1.46

Keywords:

investment risk, methods of investing in gold, gold market, financial instruments, insurance investment risks in the gold

Abstract

In this article we investigated the causes and features of investment risks in the gold market, studied the components of investment risks in this market, and analyzed the main methods of insuring those investment risks. In addition, we presented the methods and financial investment instruments used in gold operations and provided the conceptual analyses of investment risk in the gold market.

 

Author Biographies

Nikolay Megits, Hamline University School of Business

NikolayMegits is a member of the Graduate Faculty of the Minnesota School of Business at Globe/University. He is also an adjunct professor at the Hamline University School of Business in St. Paul, MN. Dr. Megits is an Academic in the Ukrainian Academy of Economic Sciences. He is an expert in global economics, strategic management, FDI in emerging markets, and in entrepreneurship. He possesses a distinguished record of academic achievement in lecturing and scholarly research. His expertise covers over 25 years of international business experience including strategic management, sales, and import/export practices.

 

Serhij Reverchuk, Lviv Ivan Franko National University

Serhij Reverchuk is the Professor and Chair of the Banking and Insurance Department at Ivan Franko National University of Lviv, Ukraine. He is the author of 12 books and 185 articles. Dr. Reverchuk is an Academic of the Ukrainian Academy of Economic Sciences. Professor Reverchuk research interest include European corporate restructuring, the regulation of banks and financial institutions, credit risk and the valuation of corporate debt, and asset pricing with a focus on the effects of liquidity risk.

Lyudmyla Chyzh, Lviv Ivan Franko National University

Lyudmyla Chyzh holds a PhD in Economics. She is assistant professor in the department of Banking and Insurance Business at Ivan Franko National University of Lviv, Ukraine. Dr. Shyzh is currently working on research of state regulation of the insurance system, development of the bank gold metal market. She is investigating investment projects, strategic management, the history of money and the features of credit, and bank operations. Lyudmyla has been participated and presented in over fifty academic conferences.

References

BBulanovych, P. (2004). Model mortgage insurance environmental risks cargo transit through Ukraine. Proceedings of Donetsk National Technical University. Series: Economic, Vol. 84, 201-210. (Original work written in Ukrainian)

Varfolomyeyev, S. (2003). The market for gold investment in Ukrainian investors. Kiev. (Original work written in Ukrainian)

Werner, N. (2007). Secret mines. Contracts, 20, Retrieved from http://www.kontrakty.com.ua /articles/2007/20.htm. (Original work written in Ukrainian)

Guidelines for the inspection of banks “risk assessment system”. (2004). National Bank of Ukraine ? 104, Retrieved March 15, 2004 from www.zakon.nau.kiev.ua. (Original work written in Ukrainian)

Myhalskyj, V. (2007). The role of financial markets in the economic development of the real sector of the national economy. Kiev, Publishing house “Nick Center”, 296. (Original work written in Ukrainian)

Ustenko, O. (1997). The Economic Theory of risk. Kyiv, Publishing house “AIDP”, 164. (Original work written in Russian)

Alix Steel. (2011). How to Invest in Gold, Retrieved April 2, 2011 from http://www.thestreet.com/story/10389829/how-to-invest-in-gold.html

Dominic Frisby. (2013). Is this the end of the line of gold? Retrieved February 20, 2013 from http://www.moneyweek.com/investments/ precious-metals-and-gems/gold/is-this-the-end-of-the-line-for-gold-62720

Gold as an Inflation Hadge, Retrieved from http://goldratefortoday.org/gold-inflation-hedge/

Gold bullion coins, Retrieved from http://www.certifiedmint.com /gold-bullion-coins.htm

Information on gold investments, Retrieved from http://www.cmi-gold-silver.com/buy-gold-bullion-coins/

Jeff Clark. (2011). Gold Investment: What are the risks?, Retrieved November, 2011 from http://goldnews.bullionvault.com/gold_investment _risks_110920112

Mark O'Byrne. (2009). A beginner's guide to investing in gold, Retrieved November 27, 2009 from http://www.moneyweek.com /investments/precious-metals-and-gems/a-beginners-guide-to-investing-in-gold

Matt Krantz. (2011). Is gold a better investment than bonds for reducing risk?, Retrieved April, 2011 from http://usatoday30.usatoday.com /money/perfi /columnist /krantz/ 2011-04-07-investing-in-gold-instead-of-bonds.htm

Patrick R. Chitwood. (2007). Investment Risk Vs.Volatility, Retrieved September 1, 2007 from http://www.fa-mag.com/news/article-1726.html

Risks of Gold Investment, Retrieved from http://goldratefortoday.org/risks-gold-investments/

The Five Most Commonly-used Investment Risk Tolerance Categories, Retrieved from http://toolsformoney.com/investment_risk _tolerance.htm

What is risk?, Retrieved from http://www.businessdictionary.com/definition/risk.html

Downloads

Published

2014-03-09

How to Cite

Megits, N., Reverchuk, S., & Chyzh, L. (2014). Investment Risks and Insurance in the Gold Market. Journal of Eastern European and Central Asian Research (JEECAR), 1(1), 8. https://doi.org/10.15549/jeecar.v1i1.46

Most read articles by the same author(s)

1 2 3 > >>