Brian M. Lucey

Tag: gold

  • BTC-Gold Energy comparison – BTC is really really energy intensive!

    BTC-Gold Energy comparison – BTC is really really energy intensive!

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    brianmlucey
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    Bitcoin is not the new gold. On foot of the FT article today on BTC and by extension cryptocurrency energy consumption (TL:DR its a dirty dirty currency) a common thread of commentary is “what about gold, eh, look how energy intensive that is”. Well….lets do that

  • Funded PhD in Financial Economics of Precious Metals

    Funded PhD in Financial Economics of Precious Metals

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    brianmlucey
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    Through the generous sponsorship of the LBMA, Trinity Business School seeks applicants to enter to study for a PhD in the broad area of the economics and finance of the Precious Metals market. The successful applicant will receive a bursary “The London Bullion Market Association Bursary” which is valued at STG£14,000 per annum. Supervision will…

  • Was Gold a hedge against inflation? When? For how long?

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    brianmlucey
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    Recent research has begun to cast some doubt upon the inflation Hedge capacity of gold. When you think of it, the inflation experience over the last 40 years, since gold began to float freely, has been very mixed. In the 1970s we were concerned in relation to inflation, perhaps even fears of hyperinflation; not the…

  • Gold Manipulation, redux – the Swiss Miss

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    brianmlucey
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    Gold markets are under investigation by regulators, again. At one level nobody should be surprised that banks are constantly in the firing line for regulatory intervention. They brought it on themseleves. At another level ,one might wonder when investigations reach diminishing marginal returns. As ever Zerohedge, long on tinfoil millinery, is frothing and fretting. 

  • From where does the gold price originate?

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    brianmlucey
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    Here is some evidence… We investigate which of the two main centers of gold trading – the London spot market and the New York futures market – plays a more important role in setting the price of gold. Using intraday data during a 17-year period we find that although both markets contribute to price discovery,…

  • How obsessed is the Financial Times with Gold?

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    brianmlucey
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    Data via Fergal O’Connor The chart shows the annual number of articles published in the Financial Times about gold between 2004 and 2014 from the FT Interactive Database. The total height represents all articles filed under the topic Gold by the Financial Times editors. The lower portion show the number filed under Topic: Gold as well as…

  • 7 things we know about gold…

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    brianmlucey
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    So, one major area of my research is on gold. Here is an update on where that research is at. Click here for the downloadable versions or look at my SSRN page

  • Is there a fix in the gold fix? We simply don’t know…

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    brianmlucey
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    There has been a lot of media chatter over the last week regarding the possibility of the London gold price having been rigged, with Bloomberg leading the pack and with a lawsuit now having been filed. Shades of Auric Goldfinger haunt the trading desks. The way that this has been presented is that a set…

  • Special Issue of IRFA on Gold

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    brianmlucey
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    IRFA Special Issue on Gold There has, in the last decade,  been a remarkable resurgence in interest in gold as an asset class. The rise and fall of the gold price, questions of gold bubbles, the comparisons of the Euro to a new gold standard, the growth of China as a gold consumer, and the…

  • Irish Pension funds need to look beyond the obvious.

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    brianmlucey
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    This is a version of a column published in the Irish Examiner 28 September 2013 Pensions are a time bomb that everybody knows is ticking away but few seem willing to defuse. Most politicians have over the years been happy to hope that when it does explode they will be long gone from the scene,…