The Feasibility of Using Gold to Maintain the Value of Stock Assets during the Crisis

This paper examines the possibility of gold maintain the value of the stock during the crisis, and provides empirical evidence on the relationship between the price of gold and stock price indices over the period beginning in January 1998 and ending in January 2011. Two gold price and two stock price indices are used. The probability of making money in the exceptional case that to buy gold at five trading days after stock market peaked is relatively large.