Friday, 16th December 2005 (3859 views)

One New Britain retailer is reporting a rush on his gold merchandise.

Owner of 22K Boutique Roman Kudryki told the New Britain Herald that gold was always a good investment and suggested that buyers would always get their money back on gold.

"We want customers to buy items that will still be worth something five years from now," he said.

Going on to claim: "Your best investments now are real estate and precious metals."

Mr Kudryki said that his most popular items are 22-carat gold Swiss bar pendants that are currently retailing for $580.

Gold jewellery being used as an investment is widely seen in the world's largest gold consuming country, India.

It is frequently practised by couples due to get married, who may purchase gold in order to finance their wedding and create traditional wedding jewellery from it.

 

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