{"id":"https://openalex.org/W2575531226","doi":null,"title":"Can Gold Investments Provide a Good Hedge Against Inflation? An Empirical Analysis","display_name":"Can Gold Investments Provide a Good Hedge Against Inflation? An Empirical Analysis","publication_year":2017,"publication_date":"2017-01-13","ids":{"openalex":"https://openalex.org/W2575531226","mag":"2575531226"},"language":"en","primary_location":{"id":"pmh:oai:oai.econjournals.com:article/3716","doi":null,"is_oa":true,"landing_page_url":"https://econjournals.com/index.php/ijefi/article/view/3716","pdf_url":"https://econjournals.com/index.php/ijefi/article/download/3716/pdf","source":{"id":"https://openalex.org/S2737777163","display_name":"International Journal of Economics and Financial Issues","issn_l":"2146-4138","issn":["2146-4138"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core","norway-1"],"host_organization":"https://openalex.org/P4310318345","host_organization_name":"EconJournals","host_organization_lineage":["https://openalex.org/P4310318345"],"host_organization_lineage_names":["EconJournals"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2146-4138","raw_type":"info:eu-repo/semantics/article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://econjournals.com/index.php/ijefi/article/download/3716/pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5061672785","display_name":"Hanan Naser","orcid":"https://orcid.org/0000-0002-9062-0603","observed_orcids":["https://orcid.org/0000-0002-9062-0603"]},"institutions":[{"id":"https://openalex.org/I4210134411","display_name":"Arab Open University","ror":"https://ror.org/02yyxkw16","country_code":"BH","type":"education","lineage":["https://openalex.org/I4210093932","https://openalex.org/I4210134411"]}],"countries":["BH"],"is_corresponding":true,"raw_author_name":"Hanan Naser","raw_affiliation_strings":["Assistant Professor#R##N#Faculty of Business Study#R##N#System Track#R##N#Arab Open University, Bahrain"],"raw_orcid":"https://orcid.org/0000-0002-9062-0603","affiliations":[{"raw_affiliation_string":"Assistant Professor#R##N#Faculty of Business Study#R##N#System Track#R##N#Arab Open University, Bahrain","institution_ids":["https://openalex.org/I4210134411"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5061672785"],"corresponding_institution_ids":["https://openalex.org/I4210134411"],"apc_list":{"value":300,"currency":"USD","value_usd":300},"apc_paid":{"value":300,"currency":"USD","value_usd":300},"fwci":1.8404,"has_fulltext":true,"cited_by_count":13,"citation_normalized_percentile":{"value":0.87685168,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":87,"max":97},"biblio":{"volume":"7","issue":"1","first_page":"470","last_page":"475"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.9707000255584717,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.9707000255584717,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.013199999928474426,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.006500000134110451,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/gold-investment","display_name":"gold investment","score":0.9049999713897705},{"id":"https://openalex.org/keywords/inflation-hedge","display_name":"inflation hedging","score":0.902999997138977},{"id":"https://openalex.org/keywords/consumer-price-inflation","display_name":"consumer price inflation","score":0.9629999995231628},{"id":"https://openalex.org/keywords/gold-returns","display_name":"gold returns","score":0.7519999742507935},{"id":"https://openalex.org/keywords/portfolio-diversification","display_name":"portfolio diversification","score":0.9259999990463257},{"id":"https://openalex.org/keywords/long-run-relationship","display_name":"long-run relationship","score":0.781000018119812},{"id":"https://openalex.org/keywords/holding-period","display_name":"holding period","score":0.5789999961853027},{"id":"https://openalex.org/keywords/united-states","display_name":"United States","score":0.8489999771118164}],"concepts":[{"id":"https://openalex.org/C70771513","wikidata":"https://www.wikidata.org/wiki/Q235779","display_name":"Hedge","level":2,"score":0.8466090559959412},{"id":"https://openalex.org/C145162277","wikidata":"https://www.wikidata.org/wiki/Q1751675","display_name":"Cointegration","level":2,"score":0.7443944215774536},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7287771701812744},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.6888626217842102},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.5905716419219971},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5395352840423584},{"id":"https://openalex.org/C2776542561","wikidata":"https://www.wikidata.org/wiki/Q271969","display_name":"Purchasing power","level":2,"score":0.49523869156837463},{"id":"https://openalex.org/C195561663","wikidata":"https://www.wikidata.org/wiki/Q1307899","display_name":"Unit root","level":2,"score":0.47143736481666565},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.4676833748817444},{"id":"https://openalex.org/C134024062","wikidata":"https://www.wikidata.org/wiki/Q1401229","display_name":"Error correction model","level":3,"score":0.4443839192390442},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.4125410318374634},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.2694924771785736},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0}],"mesh":[],"locations_count":9,"locations":[{"id":"pmh:oai:oai.econjournals.com:article/3716","doi":null,"is_oa":true,"landing_page_url":"https://econjournals.com/index.php/ijefi/article/view/3716","pdf_url":"https://econjournals.com/index.php/ijefi/article/download/3716/pdf","source":{"id":"https://openalex.org/S2737777163","display_name":"International Journal of Economics and Financial Issues","issn_l":"2146-4138","issn":["2146-4138"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core","norway-1"],"host_organization":"https://openalex.org/P4310318345","host_organization_name":"EconJournals","host_organization_lineage":["https://openalex.org/P4310318345"],"host_organization_lineage_names":["EconJournals"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2146-4138","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:RePEc:eco:journ1:2017-01-60","doi":null,"is_oa":false,"landing_page_url":"http://www.econjournals.com/index.php/ijefi/article/download/3716/pdf","pdf_url":"http://www.econjournals.com/index.php/ijefi/article/download/3716/pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:dergipark.org.tr:article/353223","doi":null,"is_oa":true,"landing_page_url":"https://dergipark.org.tr/en/pub/ijefi/article/353223","pdf_url":"https://dergipark.org.tr/tr/pub/ijefi/issue/32002/353223","source":{"id":"https://openalex.org/S4306401840","display_name":"DergiPark (Istanbul University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I67581229","host_organization_name":"Istanbul University","host_organization_lineage":["https://openalex.org/I67581229"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:dergipark.gov.tr:article/353223","doi":null,"is_oa":false,"landing_page_url":"http://dergipark.gov.tr/ijefi/issue/32002/353223","pdf_url":null,"source":{"id":"https://openalex.org/S4306401840","display_name":"DergiPark (Istanbul University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I67581229","host_organization_name":"Istanbul University","host_organization_lineage":["https://openalex.org/I67581229"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"\\n Cilt: 7 Say\u0131: 1; Volume: 7, Issue: 1\\n 470-475\\n \\n","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:doaj.org/article:2343d52593744603a74135693f567d3a","doi":null,"is_oa":false,"landing_page_url":"https://doaj.org/article/2343d52593744603a74135693f567d3a","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"International Journal of Economics and Financial Issues, Vol 7, Iss 1 (2017)","raw_type":"article"},{"id":"pmh:oai:doaj.org/article:235cc9f32ce2435c91c7acdedb79a1ac","doi":null,"is_oa":false,"landing_page_url":"https://doaj.org/article/235cc9f32ce2435c91c7acdedb79a1ac","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"International Journal of Economics and Financial Issues, Vol 7, Iss 1 (2017)","raw_type":"article"},{"id":"pmh:oai:doaj.org/article:c2a863a32fc64b32a39d5ada0e513fda","doi":null,"is_oa":false,"landing_page_url":"https://doaj.org/article/c2a863a32fc64b32a39d5ada0e513fda","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"International Journal of Economics and Financial Issues, Vol 7, Iss 1 (2017)","raw_type":"article"},{"id":"pmh:oai:doaj.org/article:d7e80d35fe4c424b92300484c3e1e020","doi":null,"is_oa":true,"landing_page_url":"https://doaj.org/article/d7e80d35fe4c424b92300484c3e1e020","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"International Journal of Economics and Financial Issues, Vol 7, Iss 1, Pp 470-475 (2017)","raw_type":"article"},{"id":"mag:2575531226","doi":null,"is_oa":true,"landing_page_url":"http://www.econjournals.com/index.php/ijefi/article/download/3716/pdf","pdf_url":null,"source":{"id":"https://openalex.org/S2737777163","display_name":"International Journal of Economics and Financial Issues","issn_l":"2146-4138","issn":["2146-4138"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core","norway-1"],"host_organization":"https://openalex.org/P4310318345","host_organization_name":"EconJournals","host_organization_lineage":["https://openalex.org/P4310318345"],"host_organization_lineage_names":["EconJournals"],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"International Journal of Economics and Financial Issues","raw_type":null}],"best_oa_location":{"id":"pmh:oai:oai.econjournals.com:article/3716","doi":null,"is_oa":true,"landing_page_url":"https://econjournals.com/index.php/ijefi/article/view/3716","pdf_url":"https://econjournals.com/index.php/ijefi/article/download/3716/pdf","source":{"id":"https://openalex.org/S2737777163","display_name":"International Journal of Economics and Financial Issues","issn_l":"2146-4138","issn":["2146-4138"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core","norway-1"],"host_organization":"https://openalex.org/P4310318345","host_organization_name":"EconJournals","host_organization_lineage":["https://openalex.org/P4310318345"],"host_organization_lineage_names":["EconJournals"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2146-4138","raw_type":"info:eu-repo/semantics/article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2575531226.pdf","grobid_xml":"https://content.openalex.org/works/W2575531226.grobid-xml"},"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W2898177638","https://openalex.org/W6991318229","https://openalex.org/W2989744192","https://openalex.org/W1823867902","https://openalex.org/W1989219708","https://openalex.org/W2081937205","https://openalex.org/W1968075331","https://openalex.org/W2912020425","https://openalex.org/W1527859144","https://openalex.org/W2284333388"],"abstract_inverted_index":{"It":[0],"is":[1,25],"widely":[2],"accepted":[3],"that":[4,72,117],"inflation":[5,57,110,128],"erodes":[6],"purchasing":[7],"power":[8],"of":[9,50],"retirement":[10],"savings,":[11],"redistributes":[12],"wealth":[13],"from":[14,66],"lenders":[15],"to":[16,40,46,53,69,100,134],"borrowers,":[17],"and":[18,36,92,108],"threatens":[19],"private":[20],"investors'":[21],"long-term":[22],"objectives.Thus,":[23],"there":[24],"a":[26],"high":[27],"demand":[28],"on":[29],"diversifying":[30],"investors":[31,130,147],"portfolio":[32],"for":[33,83,129,138,150],"both":[34],"individuals":[35],"institutions":[37],"in":[38,59,111,120],"order":[39],"hedge":[41,54,126,145],"against":[42,55,127],"inflation.This":[43],"paper":[44],"aims":[45],"examine":[47,101],"the":[48,60,86,102,112,121],"effectiveness":[49],"gold":[51,106,118],"investments":[52,119,137],"consumer":[56,109],"risks":[58],"United":[61],"States":[62],"(US).Using":[63],"monthly":[64],"data":[65],"April,":[67],"1986":[68],"June,":[70],"2016,":[71],"covers":[73],"more":[74],"than":[75],"30":[76],"years,":[77],"unit":[78],"root":[79],"testing":[80],"approach":[81],"robust":[82],"finite":[84],"samples,":[85],"Johansen":[87],"multivariate":[88],"cointegration":[89],"test":[90],"procedure":[91],"vector":[93],"error":[94],"correction":[95],"model":[96],"have":[97],"been":[98],"employed":[99],"long-run":[103],"relationship":[104],"between":[105],"return":[107],"US.The":[113],"key":[114],"finding":[115],"suggests":[116],"US":[122],"provide":[123,143],"an":[124],"effective":[125],"who":[131],"are":[132],"willing":[133],"keep":[135],"their":[136],"long-run.However,":[139],"it":[140,149],"does":[141],"not":[142],"any":[144],"if":[146],"hold":[148],"only":[151],"short-term.":[152]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":1},{"year":2019,"cited_by_count":4}],"updated_date":"2026-10-28T10:33:24.094632","created_date":"2017-01-26T00:00:00"}
