Hong Kong’s solid gold loo is part of the travel itinerary if you ever visit this country. The Hang Fung Jewelers famed solid gold toilet draws many Chinese tourists by the busload to its unique Hall of Gold. The toilet is part of an extravagant display which includes a golden palace originally created to attract people to the shop. The shop owner has been using this solid gold loo as a marketing tool for quite a while since few years ago. The owner intends to smelt one tonne of gold in its 24 carat lavatory if the price of gold hits USD 1,000.00 (SGD 1,400.00) an ounce.
Hang Fung Jewelers promised that the toilet will stay except the ornaments around it will come to an end. In January, this year Hang Fung Jewelers smelted one tonne of gold from its display and gold it for about US$855.00 an ounce, nearly double the price it originally paid.
The mainland Chinese loves gold as it is a symbolic of wealth, jewellery sales rose 40 percent in China last year. It is a sign of China’s booming economy and its thirst for all things gold. The Hang Fung Jewelers Group intends to increase their 160 outlets to 1,000 outlets. Even when gold prices keep rising, there is an almost unquenchable appetite for gold jewellery in China no matter what the cost is. Like all jewelers, they are keep their costs low by using less gold in their designs but still maintain the luxurious look.
Hang Fung Jewelers promised that the toilet will stay except the ornaments around it will come to an end. In January, this year Hang Fung Jewelers smelted one tonne of gold from its display and gold it for about US$855.00 an ounce, nearly double the price it originally paid.
The mainland Chinese loves gold as it is a symbolic of wealth, jewellery sales rose 40 percent in China last year. It is a sign of China’s booming economy and its thirst for all things gold. The Hang Fung Jewelers Group intends to increase their 160 outlets to 1,000 outlets. Even when gold prices keep rising, there is an almost unquenchable appetite for gold jewellery in China no matter what the cost is. Like all jewelers, they are keep their costs low by using less gold in their designs but still maintain the luxurious look.
If, I am saying if I am so rich I do not mind having faucet in gold as a long term investment if gold prices dips to orginal price during the 1998. gold loo is a bit too extragavant and showy. You can always smelt it if you need the hard cash, it beats inflation.
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