Harrods now selling gold

This is an interesting story...

www.news.com.au...

Harrods, the department store is planning to sell gold coins and bars.

Malcolm McLean, general manager of Harrods Bank, told Reuters overnight that the company saw a gap in the market for a well-known retailer to enter the increasingly high-profile gold market.

Investment in gold coins and bars rose sharply in late 2008 and early this year as the financial crisis boosted the appeal of physical gold as a safe store of value for consumers.

Why would Harrods do this now. Reserve currency anyone?


[edit on 15-10-2009 by dingleberry77]

Harrod's will sell you whatever you want/can afford.

If you wanted a Sherman tank, they'd get you one.
Gold coins? Meh. Whatever.

its true you could buy tigers lions even bloody elephant from harrods.

But why do they want to sell gold now? They never have before. They are just another person that knows that gold will be a big part of the future.