Is gold investment a safe haven or a hedge for the Malaysian inflation?

• Main Authors: M. S. M., Khair Afham, Law, Siong Hook, Wan Ngah, Wan Azman Saini
• Format: Article
• Language: English
• Published: Universiti Malaysia Sarawak 2017
• Online Access: http://psasir.upm.edu.my/id/eprint/62222/1/Is%20gold%20investment%20a%20safe%20haven%20or%20a%20hedge%20for%20the%20Malaysian%20inflation.pdf; http://psasir.upm.edu.my/id/eprint/62222/; http://www.ijbs.unimas.my/index.php/content-abstract/all-issues/49-vol-18-no-1-2017/312-is-gold-investment-a-safe-haven-or-a-hedge-for-the-malaysian-inflation
• Institution: Universiti Putra Malaysia

This study examines the long and short term abilities of gold to hedge against inflation in Malaysia during the period from 1971 to 2011. The Johansen cointegration results reveal that there is a long term relationship between gold price and consumer price index. Using the Tsay’s linearity test, the...