Here’s a gift everyone will treasure
Jennifer McClelland | RSS | 3 Comments
Imagine yourself shopping for great Christmas presents at Harrods in London when something catches your eye. It is bright, shiny, and gold. It comes in a range of sizes between two pounds and 27.5 pounds; that’s right, Harrods is carrying gold bars and coins in its department store for the holidays.
After seeing a lack of support for the market geared toward selling gold, Chris Hall, head of Harrods’ bullion department said, “Up until now, London has had no well recognized name serving this market. Harrods saw the opportunity to help individuals buy physical gold in a prudent manner.”
Harrods is selling the gold in relation to market price, so it is definitely not flying off the shelves. Two point two pounds of gold from Harrods will cost you $35,000. The most expensive bar, which weighs 27.5 pounds, costs just under $430,000.
Even with the steep price tag, the gold has been selling well due to its long term investment potential.
With gold hitting all time highs recently, I can see exactly why Harrods would be wanting to cash in on this. If people know where to buy gold, then they would be more likely to actually buy it; especially if they can see it.
I would be more willing to buy something like Gold if I could see it and touch it rather than for it to be an intangible stake in the commodity.
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Tags: bullion, physical gold, long term investment
Larry from treatmentsforanxiety | Thu, Oct 29 2009
The price of gold is rising it may dip but the long term prospectus is good. One can go for it even at this price.
Chris McClelland | Thu, Oct 29 2009
I bought a pair of gold earrings for my grandmom about a year ago when gold was at $720 an ounce and thought gold was kinda high, how with it rising my grandmom is probably feeling even better about those earrings I got her.
Gary | Tue, Dec 01 2009
Wow! I can buy a bunch of real estate for that amount. However, gold is a good investment. I have a brother-in-law that purchased a bunch of gold years and years ago when gold was very cheap compared to today. It was a though nut for him to crack because he was young without much money and the market fluctuating up and down, I thought he was crazy. But now, I’m the crazy one for not investing in gold back then. I thought it was to high, now I realize, its never to high to invest in gold.