Author(s): Metin DUYAR
Gold, which is known and used for a considerable time in human history, besides its usage as a store of value, is a precious metal because its supply can not respond the changes in its demand, no other material could be found to replace it and its limited production in comparison with its demand. In spite of its volatile price, gold reaches its historical purchasing power parity against other goods and intermediate products in very long periods of time. At all times, gold showed that it is an effective instrument to protect the wealth. Gold has proved itself as a safe-heaven, when other assets were losing value in the times of economic and social instabilities
The Journal of International Social Research received 8982 citations as per Google Scholar report
