A Gold Commodity

As the dollar declines in value commodities, such as gold and platinum, rise to record highs. Prices for cotton and corn are on the rise. Gold is always seen as a good hedge to cash and there is increasing demand in countries such as China and India which may help to support the price of gold.

So what is a commodity? According to Lamonts a commodity is a tangible asset that has a market value. The term normally applies to raw material and foodstuffs and is traded on various exchanges around the world.