2022, Vol. 9, No. 1. - go to content...

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DOI: 10.15862/15ECOR122 (https://doi.org/10.15862/15ECOR122)

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Grosheva N.B., Grosheva E.K., Boltenkov I.A., Xueqiao F. Investments of individuals in gold. Russian journal of resources, conservation and recycling. 2022; 9(1). Available at: https://resources.today/PDF/15ECOR122.pdf (in Russian). DOI: 10.15862/15ECOR122

Investments of individuals in gold

Grosheva Nadezhda Borisovna
Irkutsk State University, Irkutsk, Russia
Baikal International Business School (Institute)
nbgrosheva@gmail.com

Grosheva Ekaterina Konstantinovna
Irkutsk State University, Irkutsk, Russia
Baikal International Business School (Institute)
E-mail: Daswerox@gmail.com

Boltenkov Ivan Alexeyevich
Irkutsk State University, Irkutsk, Russia
Baikal International Business School (Institute)
E-mail: boltenkovx@gmail.com

Xueqiao Fan
Irkutsk State University, Irkutsk, Russia
Baikal International Business School (Institute)
E-mail: fan_xueqiao@qq.com

Abstract. This article is devoted to the analysis of such a popular investment asset as gold — in coins, jewelry and bars. In times of uncertainty, individuals use various assets to preserve their savings. Until recently, gold in bullion as an investment was an unattractive asset because a private investor paid VAT when buying a bullion bar, which could not be refunded, and when selling it he sold it for the bank’s net price. However, in March, given temporary closure of exchange operations and private individuals’ need to keep their savings, VAT on such an asset was abolished at the legislative level, which caused a rush demand for bullion purchases. There was no less rush demand for jewelry, although its profitability as an asset in the medium term is not evident. This study provides an analysis of gold bullion, jewelry and impersonal metal accounts as an investment asset, describes the risks and opportunities of such investments.

Keywords: gold exchange rates; gap prices; profitability analysis; investment asset; volatility; individual; investments

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