Commodity Investing: From Theory to Practice · Dr MAI Huu MinhChapter 9 of 22 · Module 3: The sectors
CHAPTER 9
Precious Metals and Gold
Money, jewellery and safe haven
Opening question
“Should a Vietnamese family keep its savings in gold bars, and how is gold different from other commodities?”
In this chapter
- Why gold is held rather than consumed, and why that makes it special
- Who supplies and who buys gold
- What drives the gold price: real interest rates, the dollar, central banks and fear
- Units, benchmarks and converting the world price into VND per tael
- Silver, platinum and palladium: half precious, half industrial
- Ways to own gold, and the operating leverage of gold miners
- Gold in a portfolio, and the NXW Gold Plus index
- The Vietnamese gold market and its domestic premium
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This chapter is in the full book
Chapter 1 is free to read online. The full text of chapter 9 — with its tables, figures, worked examples and practice lab — is available in the complete edition of Commodity Investing: From Theory to Practice (Volume 2, NXW Investment Library).
Read Chapter 1 freeGet the full book — [email protected]Sections of this chapter
9.1 Why gold is special
9.2 Supply and demand
9.3 What drives the gold price
9.4 Units, benchmarks and the VND price
9.5 Silver and the platinum-group metals
9.6 Ways to own gold
9.7 Gold miners and the NXW Gold Plus index
9.8 Gold in a portfolio
9.9 Gold in Vietnam