Dr. Tom Fischer
Dr. Tom Fischer is professor of financial mathematics at the University of Wuerzburg, Germany. His research interests lie in the areas of asset and derivative pricing, systemic risk, risk capital allocation and FX risk management. As a gold and silver investor, professor Fischer closely follows the precious metals markets and has developed a proprietary stochastic gold price model for Approximity. He is a member of the German Association for Actuarial and Financial Mathematics (DGVFM) and the German Risk Management Association (RMA e.V.). Prof. Dr. Fischer can be contacted under [email protected].
Dr. Tom Fischer Articles
In my article “Faux Gold Arbitrage” from early September, I had given a detailed explanation why backwardation in gold forward markets had nothing to do with arbitrage. In a follow-up titled “Fekete's Arbitrage Fallacy”, I pointed to the...
Every time gold briefly slips into backwardation, some gold commentators are quick to write that this was abnormal and, in theory, should not be possible. In the following, I give several reasons why, in my opinion, the opposite is true:...
