International Journal of Commerce & Business Management

Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

Investment in Gold-Businesses along the Symbolic Interpretation in Asia


Affiliations
1 Department of Business Administration, Assam University, Silchar (Assam), India
     

   Subscribe/Renew Journal


Behavioural aspects of investment in gold are an interesting issue for research. In Asian context, study on behavioral aspects of research need to unfurl many interesting phenomenon though the economist discourage that gold investment is an unproductive investment. But, historically Asia was gold rich country. The culture, emotions and history told about rich deposit that attracted the ancient invaders to come to Asia, especially India, due to gold reserve. China as Asian economic dragon of Asian century, still has been occupying a leading position in investment in gold. Since, the gold is useful for modern advanced sciences and industrial applications, the gold reserve and investment may potentially augment in the economic development. Thus, the present research attempts to analyse symbolic interpretation of gold in Asian countries, their gold reserve and popularity of investment in Cyber gold. Finally analyses about the attitude over the investment in gold in the select Asian countries. The methodology adopted for this paper is desk research and debates in support of investment in gold with an idea to propose for shift for golden Asia for Asian century. This paper depicts an interesting picture of on cultural interpretation of gold and its relationship with gold business, reserves, and consumption. Also, depicts a clear picture of awareness on investment in cyber-gold select Asian countries along with a proposition for enhancing Asian wealth position.

Keywords

Price, Interpretation, Gold Reserve, Investment, ETF-Gold.
Subscription Login to verify subscription
User
Notifications
Font Size


  • Coedes, G. (1968). The Indianized states of Southeast Asia. Honolulu, University Press of Hawaii.

  • Dube, R.K. (2003). Suvarnahumi, Suvarnadvipa: Origin, identity and its richness in gold in ancient and medieval times. Bulletin Metals Museum, 36 : 3-23.

  • Hinzler, H. (1999). Gold and jewellery in Hindu-Buddhist Java from the 10th to the 15th century, In : W.H. Kal (ed.), Precious metals in early South East Asia. Royal Tropical Institute, Amsterdam, pp. 27-38.

  • Ibrahim, N.S., Kumaruddin, I.N. and Hasan, R. (2014). The determinants of gold prices in Malayasia, J. Advanced Mgmt. Sci., 2(1) : 38-41.

  • Miksic, J. (1999). Clustered gold finds: hoards or sub-assemblages? In : W.H. Kal (ed.), Precious metals in early South East Asia. Royal Tropical Institute, Amsterdam, pp. 14-22.

  • Miksic, J. (2004). The classical culture of Indonesia, In : I.C. Glover and P. Bellwood (eds.), Southeast Asia : From prehistory to history. New York, Routledge Curzon, pp. 234-256.

  • AnanthaLakshmi, A. (2013). China's third gold ETF in muted start as consumers prefer physical metal, Url: http:// www.reuters.com/article/2013/12/16/chinagold-etfidUSL3N0JV16820131216

  • Asian Review (2013). Gold bullion regains shine in Japan, Url: http://asia.nikkei.com/Markets/Commodities/Goldbullion- regains-shine-in-Japan.

  • Bachok, Z. (2013). A case study on 'HYIP' of Geneva Malaysia. Internat. Centre for Education in Islamic Finance (INCEIF), pp.1-10. Url: http://www.academia.edu/ 3720232/_Case_Study_on_HYIP_of_Geneva_Malaysia

  • Chakrabarty, K.C. (2012). RBI advises against gold investment, Times Of India, Sep-7, 2012, Source Available at: http:// timesofindia.indiatimes.com/business/india-business/RBIad advises-against-gold-investment/ articles how/16290720.cms

  • Hafizi, A.M., Halid, N., Aziz, N.A. and Janor, H. (2012). Gold investment in Malaysia : Its Operation, Contemporary Applications and Shariah Issues. Url: 9icief.sesric.org/.../ 1-50-Hafizi%20GOLD%20INVESTMENT%20IN%2.

  • Holistic investment planners (P.) Ltd. (2014). How to invest in gold in India?. Url: http://holisticinvestment.in/blog/how-toinvest-in-gold-in-india/#

  • Imone (2013). Choose gold for a stable form of investment in Singapore. Url: http://www.imoney.sg/articles/choose-goldfor- a-stable-form-of-investment-in-singapore-2/

  • Kim, C. and Shen, R. (2012). South Korea buys gold; C. Bank purchases set to rise. International business Times, Url: http://au.ibtimes.com/articles/369659/20120802/southkorea- buys-gold-c-bank-purchases.htm#.U5qW0UBijIV

  • Myanmar Market Intelligence (2014). Myanmar's consumer behaviour in cultural prospective, Weekly blogs on Myanmar media, industry and business insights, Url: http:/ /yanjamesaung.wordpress.com/2014/01/05/myanmarsconsumer- behaviour-in-cultural-perspective/

  • Patil, Y. (2012). Why gold ETFs are gaining popularity among investors. Url: http://www.moneycontrol.com/news/mfreports/ why-gold-etfsgaining-popularity-amonginvestors_ 737468.html

  • Rudarakanchana, N. (2014). Gold demand : Western investors flee in record amounts, Asian consumers attracted by price plunges : World Gold Council, International Business Times, Url: http://www.ibtimes.com/gold-demand-westerninvestors- flee-record-amounts-asian-consumersattracted- price-plunges-world-gold

  • Samana, J. (2009). Relationship between Thailand Baht gold ornament and WTI and Bret crude oil prices, pp. 1-31, Url: http://library.cmu.ac.th/faculty/econ/Exer751409/2552/ Exer2552_no4.

  • The National (2014). Middle East and Asia lead a hungry consumer market for gold, Url: http://www.thenational.ae/business/ industry-insights/markets/middle-east-and-asia-lead-ahungry-consumer-market-for-gold#ixzz34Ue17PnW

  • Wied, K. (2010). Buying gold in Thailand. Url: http:// www.thailawforum.com/blog/buying-gold-in-thailand


Abstract Views: 373

PDF Views: 2




  • Investment in Gold-Businesses along the Symbolic Interpretation in Asia

Abstract Views: 373  |  PDF Views: 2

Authors

Dinesh Agarwal
Department of Business Administration, Assam University, Silchar (Assam), India
Arup Barman
Department of Business Administration, Assam University, Silchar (Assam), India

Abstract


Behavioural aspects of investment in gold are an interesting issue for research. In Asian context, study on behavioral aspects of research need to unfurl many interesting phenomenon though the economist discourage that gold investment is an unproductive investment. But, historically Asia was gold rich country. The culture, emotions and history told about rich deposit that attracted the ancient invaders to come to Asia, especially India, due to gold reserve. China as Asian economic dragon of Asian century, still has been occupying a leading position in investment in gold. Since, the gold is useful for modern advanced sciences and industrial applications, the gold reserve and investment may potentially augment in the economic development. Thus, the present research attempts to analyse symbolic interpretation of gold in Asian countries, their gold reserve and popularity of investment in Cyber gold. Finally analyses about the attitude over the investment in gold in the select Asian countries. The methodology adopted for this paper is desk research and debates in support of investment in gold with an idea to propose for shift for golden Asia for Asian century. This paper depicts an interesting picture of on cultural interpretation of gold and its relationship with gold business, reserves, and consumption. Also, depicts a clear picture of awareness on investment in cyber-gold select Asian countries along with a proposition for enhancing Asian wealth position.

Keywords


Price, Interpretation, Gold Reserve, Investment, ETF-Gold.

References