Trader Talk

Tell Me This Isn't a Top in Gold


What's next? Neiman Marcus selling kruggerands? Tell me this isn't a top in gold: this week, the famed Harrod's department store in London announced that it would be...selling gold.

Not gold jewelery. Gold bullion. In amounts from a a a full-sized gold bar weighing 27.5 pounds, which will set you back roughly $450,000. You can buy gold coins, as well.

The gold can be stored using Harrods safe deposit services (starting at nearly $400 per year) or even brought home at the time of purchase.

Harrods will BUY gold too. But read the fine print - it will only consider buying gold that it originally sold to customers.

Read here for more.



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