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Analysis of investment opportunities in the market of gold
Urbanová, Klára ; Musílek, Petr (advisor) ; Coufal, Libor (referee)
The bachelor thesis entitled "Analysis of investment opportunities in the market of gold" focuses on the interpretation of possibilities of the investor who decides to enter to the commodity market with gold. The first part is intended to introduce reader to the problems, bring him gold as metal, demand and supply for him and his representation in the investment portfolio. The second chapter is divided into direct and indirect form of investment. It occupies with various forms of investments, their substance, advantages and disadvantages. In the last chapter are analysed different factors affecting the gold price and the current high price of gold.
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Statistical analysis and verification of selected gold price determinants
Stolbov, Anatoly ; Borovička, Adam (advisor) ; Pelikán, Jan (referee)
As the title diligent, the aim of this paper is empirical analysis of the relationship between gold price and factors that may affect it. Analysis has included next expected determinants: inflation, inflation volatility, credit risk and the gold's beta coefficient. The study was based on monthly observations. As main instrument, the vector autoregressive models were chosen. Main points of analysis have been found out by Granger causality tests and impulse-response function. Dependence of the gold prices on inflation was proved at 1% significance level. Despite the theoretical expectations dependence is negative in short-run. Dependence of gold prices on USD exchange rate was proved at 10% significance level. Also, the positive dependence of gold price on USD depreciation was confirmed. The significance of other determinants hasn't been proven.
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Analysis of precious metals and diamonds
Suchánková, Veronika ; Veselá, Jitka (advisor) ; Havlíček, David (referee)
The main intention of this thesis is the analysis of the factors that influence the precious metals market according to the selected methodology. The secondary intention is the consideration of the posibility to include the commodities traded on the precious metals market in the portfolio of investments. The introductory chapter deals with the listing of the commodities, the most important commodity exchanges and derivatives. The second chapter individually describes the precious metals. The first subsection of the second chapter analyzes the supply and demand for the individual metals. The following subsections focus on the factors that influence the price of the precious metals in history and in present time. The analytical part, which concludes this chapter includes the calculations of correlation coefficients, average growth coefficient and standard deviation of the factors that influence the precious metals. The last chapter of this thesis is dedicated to diamonds and is divided to two major subsections. The first subsection describes the history of the most significant diamonds, the characteristics of diamonds, the types of the deposits and the major producers of diamonds. The second subsection analyzes the prices of natural and synthetic diamonds and the development of profit of the selected company in terms of time. The last chapter deals with investments in diamonds.
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Trading in commodities
Pecha, Martin ; Drozen, František (advisor) ; Marková, Jana (referee)
The goal of this diploma thesis is to analyze the gold market and provide readers with the necessary information and context having an impact on the price of gold. The thesis consists of three chapters. First one deals in general with the commodity market and introduces the readers to commodity exchange issues such as trading commodities in commodity exchanges, motives of commodity trading as well as the specific characteristics of commodities. Second one concerns the detailed analysis of commodity investment tools that investors might use when they feel like getting an exposure to price movements of commodities. The last chapter gears towards an analysis of the gold market in today's super globalized world and depicts what fundamental factors have an impact on the price of gold. At last, I shall summarize existing pieces of knowledge and cast light on further gold price movements.
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Gold standard and its potential for the next monetary system
Ďurša, Miroslav ; Žamberský, Pavel (advisor) ; Vondrušková, Barbora (referee)
The current monetary system with its exponentially growing debt and then deepening social problems especially in the Western world such as USA or Europe needs a change. The evidences of unsustainability and its coming end are actions of central banks particularly during recent years since the fall of Lehman Brothers. These banks, along with national governments pour at the expense of inflation into the economy a huge amount of new money through commercial banks in the economy further multiplied. Money supply created during recent months in its volume corresponds to the volume of money supply created in a few decades before today's economic crisis. As a long time before Christ in Athens or in Rome, today the government trying to cheat the gold by using FIAT money, but history shows that FIAT money always degenerate into hyperinflation and the only monetary system that works is the classical gold standard. Classical gold standard has enormous potential to become the next monetary system as millions of people will lose everything during the hyperinflation.
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Position of BRIC countries on selected international commodity markets
Pospíšil, Jakub ; Müller, Štěpán (advisor) ; Taušer, Josef (referee)
The bachelor thesis analyzes position of BRIC countries on international commodity markets with coffee, natural gas, gold, coal and iron ore in context with recent development of their economies. International economics theory is applied to put their global stance and engagement in international trade under scrutiny. Involvement in regional integrations is also briefly discussed. Brazil is key supplier of coffee to global markets and Russia enjoys prominent position in production of natural gas, whereas Indian demand moves the gold market. Chinese demand is fundamental for development of trade with coal and iron ore. Further in the paper the ability to influence market price of given commodities by the countries is analyzed and humble attempts of modest future development predictions are made.
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The historic gold-mining in Pootaví
STRAKA, Jan
To the development of my Diploma Thesis the literature dealing with the issue of the history of gold mining in Pootaví and natural conditions of the region was used. The thesis more closely specifies various historical stages of gold mining in this area and the procedures and methods used by them. The first intensive panning work and the first part of the underground works belong to the 5th century BC. Furthermore, it was found that the most intensive period of mining in this area took place in 13th - 14th century. Major panning works were completed in the course of the 16th century, underground works were finished later, with the exception of the area of Kašperské Hory, where underground mining continued until the beginning of the 20th century. In the last century geological surveys of the paddies found gold in small quantities, which excluded mining from the economical point of view. Geological exploration of the underground deposits of gold in Kašperské Hory was prematurely terminated under the pressure of the public. The practical part consists of conducted panning experiments at several locations using panning pelvis and panning sluice. At all the locations, except one, was the occurrence of gold detected, but in such a small quantities excluding profitable mining from the surface areas.
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Měnová politika v meziválečném Československu
Vít, Martin ; Szobi, Pavel (advisor) ; Soběhart, Radek (referee)
The diploma work charts the evolution of monetary policy of interwar Czechoslovakia in the context of development of domestic economy. It puts emphasis on the foreign relationships. The most important sources are materials from the archives of Czech National Bank and articles of foreign authors. The goal of work is to evaluate our monetary policy from several perspectives, such as the adequacy of the then economic situation, the impact of decisions of monetary authorities on individual national economic entities, and finally determining the most important persons of Czechoslovak monetary policy.
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