Harrods Gets Into The Gold Bar Business

by Deidre Woollard (RSS feed)
Oct 17th 2009 at 10:01AM

With gold cresting over $1,000 an ounce many gold bugs are patting themselves on the back. Now for those who want to get in on the action there is a new way to buy gold. Buying gold bars isn't something you'd think of doing in a department store but Harrods is betting that some will want to buy their bullion in the same place that they buy their gold earrings.

The London Times reports that the Knightsbridge department store has begun selling bars of pure Swiss gold bullion out of a miniature vault. Gold lovers can also buy gold coins from around the world. The new gold sales are part of a collaboration with the Swiss refiner Produits Artistiques Metaux Precieux. Customers can also buy online and then collect their purchase in person. A full-sized gold bar would cost about $466,000 and those who don't have a place to store it can also arrange for a safe deposit box, vault or international service courier.

Tags: gold, gold bars, gold investing, GoldBars, GoldInvesting, harrods, london