Explanatory Mining for Gold: Contrasting Evidence from Simple and Multiple Regressions

@inproceedings{Baur2011ExplanatoryMF,
  title={Explanatory Mining for Gold: Contrasting Evidence from Simple and Multiple Regressions},
  author={Dirk G. Baur},
  year={2011}
}
Gold traditionally has been used as a store of value and an inflation hedge. More recently, gold is also viewed as a hedge against uncertainty and a safe haven. This paper demonstrates that many properties regularly associated with gold are only valid in a simple regression framework but significantly change in a multiple regression framework. A descriptive and econometric analysis of gold and US economic and financial variables for monthly data from 1979 to 2011 shows that gold primarily… CONTINUE READING