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La rentabilité des actifs d'or cotés à la bourse de Paris, 1950-2003

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  • Thi Hong Van Hoang

    (Laboratoire Orléanais de Gestion)

Abstract

Ce papier étudie la rentabilité du placement dans les actifs « or » cotés à la Bourse de Paris sur une période de 54 ans, de 1950 à 2003. Contrairement à ce qu’on peut penser de ce métal mythique, il est beaucoup moins rentable que les autres valeurs mobilières (les actions et les obligations). En plus, il est très risqué. Cette prise de risque n’est pas bien rémunérée puisque sa rentabilité est plus faible qu’un placement au taux sans risque. En même temps, le pouvoir d’achat des placements en or baisse de façon considérable. Un capital de 100 francs (nouveaux francs) investi en lingot en décembre 1949 vaut 72 francs (nouveaux francs) en décembre 2003. Ce qui donne un taux d’intérêt composé de -0,22% par an.

Suggested Citation

  • Thi Hong Van Hoang, 2008. "La rentabilité des actifs d'or cotés à la bourse de Paris, 1950-2003," Working Papers 2008-2, Laboratoire Orléanais de Gestion - université d'Orléans.
    • Handle: RePEc:log:wpaper:2008-2
    as

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    File URL: http://www.univ-orleans.fr/log/Doc-Rech/Textes-PDF/2008-2.pdf
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    References listed on IDEAS

    as
    1. Peter A. Abken, 1980. "The economics of gold price movements," Economic Review, Federal Reserve Bank of Richmond, vol. 66(Mar), pages 3-13.
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