When Greece announced that its banks would be closed June 29, the U.S. stock market responded with the S&P 500 Index falling 43 points or about 2 percent. Not coincidently, the price of gold bullion rose as stocks fell. It's a regular occurrence.
"All that glitters is not gold," wrote William Shakespeare in The Merchant of Venice. The quotation is meant as a warning that just because something is bright and flashy isn't a measure of real worth.
With Cash for Gold stores popping up in recent years, one might get the wrong impression about this precious metal. Trading unwanted jewelry is much different than investing in the real deal.