Maybe beauty really is a commodity, because despite all its ups and downs as an investment, that’s one area where gold has always glittered. From the gold-dipped tombs of Ancient Egypt, to the coins and currency that were ferried across the oceans, to the simple wedding bands many of us wear today, people have loved this shiny element for centuries. And through that time, through good and bad, it has always symbolized power, wealth and permanency.
For the most part, that’s how many investors still view gold: as a hedge against inflation in the good times and a safe harbor in the bad. Perhaps most importantly they’ve seen it as something special, something whose value defies the laws that apply to other commodities and currencies alike. But when gold dropped to two-year lows this month, it left many analysts wondering whether this investment had finally lost its luster. Read more in my new article on GoldenGirlFinance.com.