Abstract
In the years of economic and geopolitical crises and global inflation, there is a noticeable trend of increasing demand for precious metals, which play an increasingly prominent role as an instrument for diversifying the investment portfolio and as a security means. Therefore, the starting point of this research is the analysis of the legal regime for the organization and operation of precious metal exchanges in comparative legislation. Using a comparative and normative method, the author will critically review the principal legal characteristics of precious metal exchanges, the legal position and organization of the world’s most important precious metal exchanges, their business rules and the activities of the regulatory authority that supervises the precious metals trading. Therefore, the objective of this paper is to consider the importance of organizing and operating precious metals exchanges, taking into account that unconscionable, dishonest and non-transparent operations on the precious metals market can cause negative consequences for both market participants and the economy and society as a whole in the case of significant market disruptions.
Published Version
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