On the Efficiency of the Markets for Gold and Silver
โ Scribed by Michael E. Solt and Paul J. Swanson
- Book ID
- 124649801
- Publisher
- University of Chicago Press
- Year
- 1981
- Tongue
- English
- Weight
- 445 KB
- Volume
- 54
- Category
- Article
- ISSN
- 0021-9398
- DOI
- 10.2307/2352348
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
his article examines the pricing efficiency of the gold futures market relative T to the Treasury bill futures market. Futures contracts for gold, a relative newcomer, have only been traded since 1975. T-bill futures contracts, also a relative newcomer, have been traded on organized exchanges since
old and silver have been long considered close substitutes in precious metal G markets. This study, based on rational expectation framework, demonstrates that there is a short-term panty between the gold and silver prices. The stability of this panty allows one to earn above-average returns on a fre