Gold Prices as a Mechanism of Control and Equilibrium in Financial Markets

Ewa Drabik

Abstract

Gold is used as a currencies comparative measure and, because of its properties (it does not rust) and use (in space industry, for example), it has a significant role in balancing both financial markets and economies. During crises, gold seldom loses value. We aim to show that price of gold is a stabilizing factor for the economic balance. We will do so utilizing the chaos theory, which gains more and more popularity in social sciences