Harrods Is Selling Gold!

Harrods is a popular UK department store. In fact, it's one of the biggest department stores in the entire world so it's popular even with people who don't live in London. It's known for its clothing, housewares, furniture and everything else that you might find at a department store. And now it's making headlines as a department store that is doing something a little bit different: selling gold.

Harrods is in agreement with the rest of the business world which says that the recession is a great time to sell gold. Three reasons are cited as making this true:

1. Both the British pound and the U.S. dollar are weak right now. Gold isn't.
2. Interest rates are low. You aren't going to make a lot of money investing most places but gold is climbing in value.
3. The market is shaky. We're not sure what's going on with stocks and other things in the market. We do know that the value of gold is going up.

What this means is that it's a good time to buy gold if you have the money to do so. And it's a good time to sell gold if you need the money from people who can afford to buy it. Harrods is getting in on this trend by starting to sell gold to the people who can buy it. They're selling both gold coins and gold bars. However, they admit that they're pricier than other places where you can buy gold so look twice at them if you're considering buying anything right now.