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Golden days

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An employee arranges a gold bracelet on display at the Ginza Tanaka store in Tokyo. Spot gold hit a new record high of $1,277.75 an ounce on Friday.

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These jewellery shops really need multiple security measures nowadays considering the number of jewellery heists that have occurred in Japan recently.

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@SEMPERFI I agree, but I doubt they will take any pre-caution.

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These jewellery shops really need multiple security measures nowadays considering the number of jewellery heists that have occurred in Japan recently.

Oh, they do have security measures....they have flourescent orange dye-marking balls that burst when thrown...marking the criminals clothes...they use bullhorns to alert customers of a thief and hoping customers will grab the criminal...and of course they got the geriatric security guards that can make a grown japanese man breakout in tears...so these jewelry stores are well protected. No need to worry, its under control.

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"$1,277.75 an ounce"

Something is worth whatever someone is willing to pay for it.

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Has anyone else noticed the little gold-buying shops springing up all over the place? A couple have popped up in my little town - and they are always busy with Oka-sans offloading family heirlooms, rings etc. Sign of the times I guess...

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I don't have any gold and I don't care to either.

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Too bad, gamera. You could play with the "Gold" employee if you did!

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@Sarge: which is precisely how this price was arrived at. Gold is traded like any other commodity, and that's what people are paying for gold right now.

@BurakuminDes: same here in the States. Shops, TV and radio commercials. Lots of companies are falling all over one another to give people low prices paid in low-value cash for something of real, tangible value.

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Gold is rising because paper currencies are slowly dying. All the major powers are doing whatever they can to weaken their currencies in order to boost exports.

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Ginza Tanaka is a fun place to visit. What I'd like to see more of there is big stuff made of gold to ignite the imagination. The markup they have on anything crafted is far to high imho -even if I had the dough.

Gold coins are what I'm usually there for. Great selection of sizes, issuers and prices are spot on.

And they even sell silver.. only in the 32kg (1,000oz) size. For that they deliver ;-)

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