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Gold and its Determining Role in Modernization and Technological Processes Related to Changing Geo-economic Structure of the World

Year 2016, Volume: 6 Issue: 2, 50 - 57, 01.04.2016

Abstract

This article considers the role of gold in the world economy and its place in contemporary structures of gold-value reserves of the leading countries of the world. It also takes into account the historical experience of using gold in various periods (epochs). The theme of the article is rather urgent at the moment of transformation and occurrence of a new transitional stage in the world economy, because traditionally at any transitional period the investment activity was focused on the least risky investments. Investments in precious metals are thought to be such investments. They do not lose their value and price during the long period of time. The following essential conclusions were received within this article: 1) Gold is the most demanded precious metal in terms of decreasing risks of accumulation and investments. The main part of the gold obtained industrially is presented by centralized reserves (standard ingots of chemically pure gold). 2) Gold mining is limited in the world because natural reserves of this metal are irretrievable; at the same time modern physical and chemical technologies allow to artificially grow crystals of gold; however, such technologies are characterized by high cost and low level of returns from their use. 3) Gold as a resource will continue playing a psychologically stabilizing role; herewith, the information resource (business information) required for ensuring the world stable social and economic development will get basic value.

Year 2016, Volume: 6 Issue: 2, 50 - 57, 01.04.2016

Abstract

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Details

Other ID JA48VF36TN
Journal Section Research Article
Authors

Mihail Nikolaevich Dudin This is me

Vladimir Dmitriyevich Sekerin This is me

Anna Evgenevna Gorohova This is me

Vladimir İvanovich Gayduk This is me

Tamara Petrovna Danko This is me

Publication Date April 1, 2016
Published in Issue Year 2016 Volume: 6 Issue: 2

Cite

APA Dudin, M. N., Sekerin, V. D., Gorohova, A. E., Gayduk, V. İ., et al. (2016). Gold and its Determining Role in Modernization and Technological Processes Related to Changing Geo-economic Structure of the World. International Journal of Economics and Financial Issues, 6(2), 50-57.
AMA Dudin MN, Sekerin VD, Gorohova AE, Gayduk Vİ, Danko TP. Gold and its Determining Role in Modernization and Technological Processes Related to Changing Geo-economic Structure of the World. IJEFI. April 2016;6(2):50-57.
Chicago Dudin, Mihail Nikolaevich, Vladimir Dmitriyevich Sekerin, Anna Evgenevna Gorohova, Vladimir İvanovich Gayduk, and Tamara Petrovna Danko. “Gold and Its Determining Role in Modernization and Technological Processes Related to Changing Geo-Economic Structure of the World”. International Journal of Economics and Financial Issues 6, no. 2 (April 2016): 50-57.
EndNote Dudin MN, Sekerin VD, Gorohova AE, Gayduk Vİ, Danko TP (April 1, 2016) Gold and its Determining Role in Modernization and Technological Processes Related to Changing Geo-economic Structure of the World. International Journal of Economics and Financial Issues 6 2 50–57.
IEEE M. N. Dudin, V. D. Sekerin, A. E. Gorohova, V. İ. Gayduk, and T. P. Danko, “Gold and its Determining Role in Modernization and Technological Processes Related to Changing Geo-economic Structure of the World”, IJEFI, vol. 6, no. 2, pp. 50–57, 2016.
ISNAD Dudin, Mihail Nikolaevich et al. “Gold and Its Determining Role in Modernization and Technological Processes Related to Changing Geo-Economic Structure of the World”. International Journal of Economics and Financial Issues 6/2 (April 2016), 50-57.
JAMA Dudin MN, Sekerin VD, Gorohova AE, Gayduk Vİ, Danko TP. Gold and its Determining Role in Modernization and Technological Processes Related to Changing Geo-economic Structure of the World. IJEFI. 2016;6:50–57.
MLA Dudin, Mihail Nikolaevich et al. “Gold and Its Determining Role in Modernization and Technological Processes Related to Changing Geo-Economic Structure of the World”. International Journal of Economics and Financial Issues, vol. 6, no. 2, 2016, pp. 50-57.
Vancouver Dudin MN, Sekerin VD, Gorohova AE, Gayduk Vİ, Danko TP. Gold and its Determining Role in Modernization and Technological Processes Related to Changing Geo-economic Structure of the World. IJEFI. 2016;6(2):50-7.