摘要
黄金具备商品属性、货币属性和金融属性。黄金作为官方储备是其货币属性的典型体现,而作为首饰和工业消费则是其商品属性的典型体现。通过对1995-2009年国际黄金价格与官方售金行为及首饰、工业消费三者之间的实证研究发现,黄金价格和官方售金、黄金商品消费之间存在相互影响关系,前者对后者的影响作用要明显大于后者对前者的影响作用。由此得出,黄金价格波动的主要原因来自于除商品属性和货币属性之外的金融属性。
Gold has properties of commodity,currency and finance.Its property of currency is typically embodied as an official reserve,andthe property of commodity is embodied as jewelry and industrial consumer goods.By studying the relationship among the world gold price in 19952009,official gold sales,and jewelry and industrial consumption,the article finds out that these three elements interact with each other.Theinfluence of gold price on official gold sales and consumption is obviously more considerable than the influence of official gold sales andconsumption on gold price.It concludes that the fluctuation of gold price mainly derives from the finance property of gold.
出处
《上海金融》
CSSCI
北大核心
2012年第3期86-90,56,共6页
Shanghai Finance
基金
工信部<中国黄金产业结构调整研究>课题
上海期货交易所<黄金期货与黄金产业发展研究>课题资助
关键词
黄金
外汇储备
黄金价格
黄金首饰
黄金工业
Gold
Foreign Exchange Reserves
Gold Price
Gold Jewelry
Gold Industry
