In case it was missed yesterday, a new sign of the times is apparent in a world of paper currencies with some being badly debased. Harrods, the huge department store in London, announced that they will be selling gold. http://www.harrods.com/HarrodsStore/GlobalPages/ServiceDetails.aspx?Id=37ee84fb-3731-48db-8650-2e7cce700a00
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Retail Sales in Jan rose .4% headline m/o/m, .7% ex auto's, .6% ex auto's and gasoline and .7% at the core. The headline figure was less than expected while the rest were slightly better. But, with respect to non headline sales, because Dec figures were revised lower, taking the two months together were about in line with forecasts overall. Sales rose in electronics, building materials, food/beverages, clothing, sporting goods, dept stores and restaurant/bars and fell interestingly for online retailers, health/personal care, furniture and motor vehicle/parts. Bottom line, headline sales were below expectations due to the greater than expected fall m/o/m...
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October 16th, 2009 at 10:59 am
Harrods? Gelato, Tea, Biscuits, and Bullion…
Even Faber wants to sell gold here…
October 16th, 2009 at 2:49 pm
What would truly be a sign was if they started accepting gold as payment for that overpriced Ralph Lauren polo you’ve been eying.
October 18th, 2009 at 3:45 am
When there are so many fools out there willing to pay 10% on the buy/sell spread for physical gold, why not?
October 19th, 2009 at 10:03 am
wouldn’t call it a sign of the times. Would call it a sign of a major top.