This gold bull market is starting to get a little overheated…
The Telegraph reports that famed UK luxury department store Harrods, starting today, will be able to purchase the “ultimate luxury accessory” – gold bars.
Chris Hall, head of Harrods Gold Bullion, said: “The financial environment has kindled a new demand for physical gold among private investors in Britain. For many people this is a new and unfamiliar asset class that demands absolute trust. Until now London has had no well-recognised name serving this market.”
So they’ve actually appointed a head of gold bullion? What’s next – gold ATM machines?
Hat tip to our friend and frequent guest author David Galland for posting this link in his excellent daily Casey Research newsletter.
Related reading: Using the Wall Street Journal to Gauge Investor Sentiment