This seems a little tone deaf as the world's economies institute austerity measures, several countries teeter on the verge of complete economic collapse, and thousands of Americans are out of work. Jean-Paul Gaultier announced this week that he has designed a 1oz gold bar. The chunk of metal will sell for an 11% premium over the market price.
Dallas-based Dillon Gage Metals is the US dealer for the one-ounce gold bars designed by French couturier Jean-Paul Gaultier, providing a fashionable way for investors to diversify holdings and hedge against inflation. Trendsetter Gaultier is known for his haute couture and fragrances and as a creator of singer Madonna's stage costumes.
"Never before has a fashion icon designed a gold ingot. The Gaultier bar is a one-of-a-kind, limited-quantity collector's piece that not only is a great investment but it will also become a piece of history. The price of gold has risen more than fivefold in the last 10 years, outperforming almost every other investment," says Terry Hanlon, president of Dillon Gage Metals. "The Gaultier one-ounce bar is the perfect Valentines, birthday or graduation gift for someone special, he adds.
One side of the gold bar is engraved with a heart -- with Gaultier's trademark sailor stripe -- amid radiating rays, and above that is a banner displaying the name Jean-Paul Gaultier.
Gold was worth less than $100 an ounce 40 years ago and has swelled in value since, Hanlon notes. "Gold prices rise over time, making small bars a solid investment for the future," he states.
We can definitely chalk this up as the perfect gift for the 1% in your life... I'll rush right out to buy one for Jerame's Valentine's Day present as soon as I can afford other luxuries like kitty litter, rent, and health insurance.