THE SAPURAL INVESTMENT: DISTINCTIVE FEATURES, ADVANTAGES AND DISADVANTAGES
Array
Keywords:
hoarding investments, assets, liquidity, value, cost, purchase and sale, features, profitability.Abstract
Currently, alternative investment paths are being sought, one of which is hoarding, ie investing in gold, gold bars, jewelry, investment and collector coins, metal accounts, gold futures and options, world fund stocks, precious stones, works art, antiques. It is emphasized that in modern Ukraine there are insufficiently developed institutes of professional experts and appraisers, and there is a complete lack of specialized funds that would manage client funds and invest these funds in such assets. The study showed that against the background of the crisis of financial markets there was a significant increase in demand for works of art, and practical experience shows that almost any security can become a wrapper, and "eternal" values – works of art and real estate are self-sufficient and virtually non-existent, or rather, almost always added to the capitalization. It should be noted that the individual perspectives of this type of financial investment, namely, different from other types of hoarding features inherent only in the studied investment, as well as the advantages and disadvantages of each type of investment are insufficiently presented. The hoarding investment market is considered promising both in the form of asset diversification and as an independent economic category. Peculiarities and distinctive features of hoarding investment from real estate investment and financial market instruments are revealed. Based on the study of the literature, the negative and positive features, features and consequences of different types of hoardings available to individuals and legal entities are studied. Through comparison, similar features and differences of hoarding processes are clarified. Summarizing and understanding the results of the study will allow the investor to make unbiased decisions regarding the implementation of investments that he likes best, focusing on their desires, requests, opportunities and prospects for implementation.
References
2. Lukashevich K.D. Rynok tezavratsionnykh investitsiy. Modernizatsiya khozyaystvennogo mekhanizma skvoz' prizmu ekonomicheskikh, pravovykh, sotsial'nykh i inzhenernykh podkhodov : sbornik materialov XI Mezhdunarodnoy nauchno-prakticheskoy konferentsii 23 noyabrya 2017 g. : v 2 t. Minsk : BNTU, 2017. T. 2. S. 146 [in Russian]
3. Verbytsʹka V.I., Bredikhin V.M. Dyversyfikatsiya aktyviv cherez zastosuvannya tezavratsiynykh investytsiy. Komunalʹne hospodarstvo mist. 2020 tom 5. Vyp.158. S.46–51.
4. Peresada A.A., Onikiyenko S.V., Kovalenko YU.M. Investytsiynyy analiz.K.: KNEU, 2013. 485 s.
5.Chyzh L.M. Rynok zolotykh monet: evolyutsiya ta osoblyvosti funktsionuvannya. Naukovyy visnyk NLTU Ukrayiny. 2011. Vyp. 21.17. S. 294–299.
6. Vasylenko V.V. Kharakterystyka sehmentatsiyi rynku bankivsʹkykh metaliv Ukrayiny. Aktualʹni problemy ekonomiky . 2012. № 6. S. 248–254.
7. Polyakova YU.V. Svitovi rynky dorohotsinnykh metaliv v umovakh hlobalʹnoyi ekonomiky. URL: http://journals.iir.kiev.ua/index.php/ec_n/article/viewFile/3059/2747 (data zvernennya: 2.02.2021).
8. Oleksyn A. H., Lysenko ZH. P. Analiz vplyvu ekonomichnykh faktoriv na zakonomirnosti zminy tsinovoyi pozytsiyi rynku zolota v umovakh hlobalʹnoyi rynkovoyi ekonomiky. Ekonomika i derzhava. 2015. № 2. S. 55–60.
9. Mykhalʹsʹkyy V. V. Zoloto v strukturi svitovoho finansovoho rynku : monohrafiya: K.: Nika-Tsentr, 2010. 252 s.
10. Duka A. Potentsial zaoshchadzhenʹ ta yikh resursoutvoryuyucha rolʹ u zabezpechenni innovatsiynoho rozvytku ekonomiky. Visnyk Kyyivsʹkoho natsionalʹnoho universytetu im. Tarasa Shevchenka. Ekonomika. 136/2012. S. 16–19.
11. Osetsʹkyy V.L. Zaoshchadzhennya naselennya ta investytsiyi v transformatsiyniy ekonomitsi. Visnyk Kyyivsʹkoho natsionalʹnoho universytetu im. Tarasa Shevchenka. Ekonomika, Vyp. 69.K. 2004. S. 36–37.
12. Litvinov A.N. Tezavratsionnyye investitsii kak vlozheniya v dragotsennyye metally, dragotsennyye kamni i antikvariat. Ekonomika i sotsium. 2014. Vip. 4–3 (13). S. 843–850. [in Russian]
13. Singer, Leslie P. Rivalry and externalities in secondary art markets. Journal of Cultural Economics, vol. 5, no. 2, 1981, pp. 39–57.
Downloads
Published
How to Cite
Issue
Section
License
The authors who publish in this collection agree with the following terms:
• The authors reserve the right to authorship of their work and give the magazine the right to first publish this work under the terms of license CC BY-NC-ND 4.0 (with the Designation of Authorship - Non-Commercial - Without Derivatives 4.0 International), which allows others to freely distribute the published work with a mandatory reference to the authors of the original work and the first publication of the work in this magazine.
• Authors have the right to make independent extra-exclusive work agreements in the form in which they were published by this magazine (for example, posting work in an electronic repository of an institution or publishing as part of a monograph), provided that the link to the first publication of the work in this journal is maintained. .
• Journal policy allows and encourages the publication of manuscripts on the Internet (for example, in institutions' repositories or on personal websites), both before the publication of this manuscript and during its editorial work, as it contributes to the emergence of productive scientific discussion and positively affects the efficiency and dynamics of the citation of the published work (see The Effect of Open Access).
