Bullion for you, Harrods.CUSTOMERS at posh store Harrods can buy off-theshelf gold bars Gold bars Bars with a minimum content of 99.5% gold, which may be held by central banks or traded by investors. worth a quarter of a million pounds from today. While many shoppers are crippled by the recession, the Knightsbridge shop is hoping to cater for a rising demand among wealthy investors. With gold prices at record levels, Harrods linked up with Swiss refiners Produits Artistiques Metaux Precieux to fill a gap in the market. Chris Hall, head of Harrods Gold Bullion, said: "The financial environment has kindled a new demand for physical gold amongst private investors in Britain. Ingot ingot Mass of metal cast into a size and shape such as a bar, plate, or sheet convenient to store, transport, and work into a semifinished or finished product. The term also refers to a mold in which metal is so cast. "For many people, this is a new and unfamiliar asset class that demands absolute trust. "Until now, however, London has had no well recognised name serving this market." Gold prices reached pounds 648 an ounce yesterday morning. Mehdi Bakhordar, managing director of PAMP PAMP Pathogen-Associated Molecular Pattern (immunology; of receptors on dendritic cells that detect pathogens) PAMP Palo Alto and Menlo Park PAMP Printing and More Printing PAMP Pulse Address Multiple Access PAMP Personnel Automation Master Plan , said Harrods was the only location in London where investors could buy a 12.5kg gold bar "off the shelf". Harrods would not reveal the price of an ingot that size, but at current market rates it would be about pounds 285,000. The range of gold products, including bars and investment coins, will be sold at the Harrods Bank on the lower ground floor. CAPTION(S): THAT'S RICH: Bar of gold |
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