Why is gold different from other assets? An empirical investigation.

Abstract

Hydrodynamic interactions between particles confined in a liquid-filled linear channel are known to be screened beyond a distance comparable to the channel width. Using a simple analytical theory and lattice Boltzmann simulations, we show that the hydrodynamic screening is qualitatively modified when the time-dependent response and finite compressibility of the host liquid are taken into account. Diffusive compression modes in the confined liquid cause the particles to have velocity correlations of unbounded range, whose amplitude decays with time only as t(-3/2).