Harrods now selling gold, page 1

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]

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