Fortunate Grandmother Makes Gold Coin News
There is nothing like combining grandmothers and good fortune at Christmastime to create a heartwarming story. In a story that made gold coin news, an 85 year-old grandmother in New Zealand won more than $13,000 and a new house in a drawing held by the luxury department store, Herrods. The store annually offers such gift giveaways, which the woman had unsuccessfully entered for 13 years, to members of their frequent-shoppers club.
In October of 2009, Harrods began selling gold bullion from its West London store, allowing the contest to include the precious metal that would land it in the gold coin news. Gold bullion is standard issue gold in bars or coins of specific weight and karat class. This gold is frequently held by investors throughout the world.
Harrods venture into bullion sales has made it a topic of gold coin news as well. Its first venture into the selling commodities, Harrods has responded to the great demand for gold caused by the global financial crisis. While cash-based investments have failed during the previous decade, gold has soared with gains of nearly 400%. Harrods high-end approach has provided the company with the contacts to successfully enter the market.
While an elderly grandmother winning a lottery at Christmastime is a heartwarming story, the continued success of bullion investment is why a story like this makes gold coin news. As the global economy struggles to find its footing, gold continues to be a popular commodity among investors, creating feel-good stories for many savvy people.
Stewart Lawson
Senior Staff Writer - Gold-Coin.com
