IJEFI_8 Dudin_275471 1 1 2 International Journal of Economics and Financial 2 3 3 4 Issues 4 5 5 6 ISSN: 2146-4138 6 7 7 8 available at http: www.econjournals.com 8 9 9 10 International Journal of Economics and Financial Issues, 2016, 6(S3) 1-8. 10 11 11 Special Issue for “State and Municipal Regulation, Investment, Commerce: National and International Aspects of the Business” 12 12 13 13 14 14 15 15 16 Gold and its Determining Role in Modernization and 16 17 Technological Processes Related to Changing Geo-economic 17 18 18 19 Structure of the World 19 20 20 21 21 22 Mihail Nikolaevich Dudin1*, Vladimir Dmitriyevich Sekerin2, Anna Evgenevna Gorohova3, 22 23 Vladimir Ivanovich Gayduk4, Tamara Petrovna Danko5 23 24 24 25 25 1Russian Academy of Entrepreneurship, 14 Radio Street, Moscow 105005, Russian Federation, 2Moscow State University of 26 26 Mechanical Engineering, 38 Bolsheaya Semenovskaya Street, Moscow 107023, Russian Federation, 3Moscow State University 27 27 of Mechanical Engineering, 38 Bolshaya Semenovskaya Street, Moscow 107023, Russian Federation, 4Kuban State Agrarian 28 28 University, 13 Kalinina Street, Krasnodar 350044, Russian Federation, 5Plekhanov Russian University of Economics, 36 Stremyanny 29 29 Per., Moscow, 117997, Russian Federation. *Email:
[email protected] 30 30 31 31 32 ABSTRACT 32 33 This article considers the role of gold in the world economy and its place in contemporary structures of gold-value reserves of the leading countries 33 34 of the world. It also takes into account the historical experience of using gold in various periods (epochs). The theme of the article is rather urgent 34 35 at the moment of transformation and occurrence of a new transitional stage in the world economy, because traditionally at any transitional period 35 36 the investment activity was focused on the least risky investments.