Do Precious Metals Shine? An Investment Perspective

By D. Hillier, P. Draper, R. Faff. 2006

483 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/223e76b989915d98e8f38eb132a8745e6dad090e

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Citations in the corpus

The Financial Economics of Gold – A Survey (2015, background): “This fact was disputed by Hillier et al. (2006) who found no benefits from switching, even with hindsight.”
Dynamic spillovers between commodity and currency markets (2015, background): “2 Demand for silver comprises industrial (40%), jewelry (45%) and financial investment (11%) components (Hillier et al. 2006).”
Can Commodity Futures be Profitably Traded with Quantitative Market Timing Strategies (2008, background): “…strong performance of commodities in periods of unexpected inflation compared to the weak performance of stocks and bonds in these periods, while Hiller, Draper, and Faff (2006) suggest precious metal commodities may be seen as safe destinations for funds during periods of stock high market…”
Modeling volatility and correlations between emerging market stock prices and the prices of copper, oil and wheat (2014, background): “Hillier et al. (2006) investigate the usefulness of using precious metals (gold, silver, platinum) to provide portfolio diversification against adverse equity price movements.”
How oil prices, gold prices, uncertainty and risk impact Islamic and conventional stocks? Empirical evidence from QARDL technique (2020, background): “Hillier et al. (2006) found that gold has a low association with security markets, which makes it far more appealing to the investors.”
Can Bitcoin be a diversifier, hedge or safe haven tool? (2019, background): “Hillier et al. (2006) discovered that precious metals, such as gold, silver and platinum exhibited hedging capability, particularly during periods of abnormal stock market volatility.”
Should investors include Bitcoin in their portfolios? A portfolio theory approach (2020, background): “For instance, Gorton and Rouwenhorst (2006), Hillier et al (2006), Conover et al (2010) and Gao and Nardari (2018) all find that adding commodities to a benchmark portfolio adds value.”
Reassessing the role of precious metals as safe havens–What colour is your haven and why? (2017, unknown): “It is well established, in for example Hillier et al. (2006) that gold, silver and platinum all have low correlations with stock index returns, particularly during periods of high stock market volatility; therefore, portfolios that contain precious metals perform better than equity portfolios which…”
Seasonality, risk and return in daily COMEX gold and silver data 1982–2002 (2005, unknown): “Thus for example Aggarwal and Sonen (1988), Johnson and Soenen (1997) and Egan and Peters (2001) show the defensive properties of gold in a portfolio, given its high negative correlation with equity indices.”
Is gold the best hedge and a safe haven under changing stock market volatility (2013, background): “Hillier, Draper, and Faff (2006) note that the major benefit of precious metals is shown to be their ability to hedge adverse market conditions because precious metals perform best during periods of high market volatility.”
What precious metals act as safe havens, and when? Some US evidence (2015, unknown): “Hillier et al. (2006) concludes that all three have low correlations with stock index returns, particularly during periods of high stock market volatility; therefore, portfolios that contain precious metals perform significantly better than standard equity portfolios.”