250kg gold bar!
The flagship store of London’s Knightsbridge borough, Harrods have this week started selling gold bars and coins, over the counter. While the commodities are obviously not on display, the discreet private investor is able to conduct business in the Harrods Bank.
Situated on the lower ground floor the gold including a 12.5kg bar will be displayed behind a wall of reinforced glass. The current estimated value of a 12.5kg bar is around £285,000.
Harrods say that they are responding to customer demand as more investors are seeking the security of gold in the current financial situation. The store will stock coins including the British gold sovereign and US gold eagle as well as smaller bars of gold from 1 gram.
Mehdi Bakhordar, managing director of Swiss-based PAMP, said: “Harrods stock our full range and are now the only location in London where investors can purchase a 12.5kg gold bar ‘off the shelf’.”
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