<p>Purpose: This study examines how macro-level systemic pressures shape the reconfiguration of safe-haven assets and produce differentiated outcomes for gold and silver. It investigates the effects of geopolitical risk pressure, monetary policy pressure, and inflationary pressure on safe-haven asset reconfiguration and analyzes how this process influences gold’s monetary orientation and silver’s strategic repositioning. It further explores the relationship between gold’s monetary role and silver’s repositioning within the precious metals market. Design/Methodology/Approach: Primary data were collected from individual investors and financial market participants in Jordan who actively follow or invest in gold and silver. A quantitative approach was adopted, and the proposed research model and hypotheses were tested using Partial Least Squares Structural Equation Modeling (PLS-SEM) via SmartPLS 4. Findings: The results show that all three systemic pressures positively and significantly affect safe-haven asset reconfiguration, with monetary policy pressure exerting the strongest effect. Safe-haven asset reconfiguration significantly enhances both gold monetary orientation and silver strategic repositioning. Gold’s monetary orientation also positively influences silver’s strategic repositioning. Originality/Value: The study introduces safe-haven asset reconfiguration as a novel mechanism linking systemic pressures to differentiated asset roles, offering a role-based perspective that advances understanding of gold and silver behavior under uncertainty.</p>

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Rethinking Safe-Haven Assets: Gold Monetary Orientation and Silver Strategic Repositioning

  • Ayman Abdalmajeed Alsmadi

摘要

Purpose: This study examines how macro-level systemic pressures shape the reconfiguration of safe-haven assets and produce differentiated outcomes for gold and silver. It investigates the effects of geopolitical risk pressure, monetary policy pressure, and inflationary pressure on safe-haven asset reconfiguration and analyzes how this process influences gold’s monetary orientation and silver’s strategic repositioning. It further explores the relationship between gold’s monetary role and silver’s repositioning within the precious metals market. Design/Methodology/Approach: Primary data were collected from individual investors and financial market participants in Jordan who actively follow or invest in gold and silver. A quantitative approach was adopted, and the proposed research model and hypotheses were tested using Partial Least Squares Structural Equation Modeling (PLS-SEM) via SmartPLS 4. Findings: The results show that all three systemic pressures positively and significantly affect safe-haven asset reconfiguration, with monetary policy pressure exerting the strongest effect. Safe-haven asset reconfiguration significantly enhances both gold monetary orientation and silver strategic repositioning. Gold’s monetary orientation also positively influences silver’s strategic repositioning. Originality/Value: The study introduces safe-haven asset reconfiguration as a novel mechanism linking systemic pressures to differentiated asset roles, offering a role-based perspective that advances understanding of gold and silver behavior under uncertainty.