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Relacja cen złota i srebra w procesie inwestowania w metale szlachetne w Polsce

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Kasprzak-Czelej A.
FINANSE Czasopismo Komitetu Nauk o Finansach PAN
|
2016
|
issue 1(9)
277-290
EN
The paper employs an analysis of cointegration to investigate whether the gold silver ratio may be useful in the process of investment in gold and silver denominated in PLN and in structured certificates based on them. The obtained results indicate a lack of long-run relationship between the prices of gold and silver expressed in PLN as well as between trackers based on those metals quoted on the Warsaw Stock Exchange.
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