Analytics in Finance and Risk Management

4 Gold as an alternative investment in times of turmoil

Blandyna Puszer and Maria Czech

DOI: 10.1201/9780367854690-4

1 Introduction

With the development of financial markets, the concept of alternative investments has emerged, and investors have become keen to use alternative forms of financing. Investors’ decisions were influenced, among other things, by studies that indicated a negative correlation between equities and alternative investments. The interest of investors increased rapidly, as the purchase of alternative financial market instruments contributed to the reduction of risk and allowed them to properly diversify their investment portfolio (Aspadarec, 2013, pp. 9–10). Alternative investments are defined as investments outside the ...