When Vogue starts recommending gold-dipped fur as an investment, you know there’s more upside.
Italian fashion house Fendi has patented golden fur, as detailed in the magazine’s September US issue. The process has something to do with pulverising gold particles in a vacuum chamber, allowing them to be absorbed into the material. The effect is permanent but diffuses in outer space (Seriously, this was a big enough caveat for Vogue to print. There’s a legion of space-shuttling stylistas we aren’t aware of somewhere).
Anyway, confirming Vogue’s tip was a note today from UBS.
Analyst John Reade is recommending investors buy the precious metal as the dollar “appears to have topped out for now.” The price will reach $850 an ounce within a month, Reade says, and $900 within three months.
It’s at about $832 an ounce now, according to Bloomberg data, having gained 1.1 percent this week.
A slightly more exciting retail gold-investment than coins, then?
Further reading
Cut from a different cloth - FT
The American eagle flies away - FT Alphaville
