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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Article
Gold Prices as a Mechanism of Control and Equilibrium in Financial Markets
Author(s)
Ewa Drabik
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DOI:10.17265/2328-2185/2020.02.006
Affiliation(s)
Warsaw University of Technology, Warsaw, Poland
ABSTRACT
Gold is used as a currencies
comparative measure and, because of its properties (it does not rust) and use (in
space industry, for example), it has a significant role in balancing both financial
markets and economies. During crises, gold seldom loses value. We aim to show that
price of gold is a stabilizing factor for the economic balance. We will do so utilizing
the chaos theory, which gains more and more popularity in social sciences.
KEYWORDS
gold price, equilibrium, fractal market hypothesis (FMH), attractor, fractals
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