Luxury News from Luxury Insider

Golden Toilet Ready for Melt Down

Published: 6/9/2009 4:52:00 AM

Keywords: Home Furnishings | Opulence

 

By RACHEL TAN

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 $1000 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.

via The Sun