Friday, April 22, 2011

The Midas Throne

Favoured resident of the Hall of Gold, a 24 karat gold lavatory handcrafted and displayed in a showcase of gold artifacts by Hong Kong-based jewelry company Hang Fung Gold Technology, may be royally flushed for good should the price of the precious metal hit $1400 an ounce. The toilet will be melted down and sold to finance the group's expansion plans.

The 0.91 metric tonnes of gold masquerading as a toilet could fetch a very profitable return on investment for Hang Fung due to the soaring demand for gold in the China market. The returns from the melt-down is said to approximate $32 million, a hefty figure indeed for a toilet.

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