Monday, June 20, 2005

There's Gold in Them Thar Meals!

The headline caused me to do a double take: Restaurant to Stop Putting Gold in Food. I wouldn't exactly call what I've sometimes found in my Happy Meals gold, so on reading further I discovered that to get my daily dose of gold I'll have to go to Vietnam.

Hanoi's Kim Ngan Thien, or Golden Feast restaurant, serves up its dishes embellished with a unique seasoning--gold. In some Asian nations, gold is considered to have restorative and therapeutic value. You might think of the Golden Feast as something like a health food restaurant. In Economics 101, students are taught that product differentiation--the art of creating a unique product that consumers will desire--is one of the keys to business success. Maybe the Golden Feast will end up as a Harvard MBA case study of successful product differentiation. The restaurant has been serving about 100 diners daily since its opening last January.

Unfortunately for hungry customers with an appetite for gold dust, the government has ordered the restaurant to hold back that sparkly sprinkle for now. The effects on consumer health from consuming gold, even the small amounts served by the Golden Feast, needs to be established. Until then, diners will have to be satisfied with soy sauce. And the Golden Feast will have to give up the 15 percent surcharge on gold. As we say in economics, there's no such thing as a free lunch.

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8 Comments:

At 12:15 PM, Blogger Raquel.S said...

The marketing effect of putting gold on their meals was pretty good. It seemed like it helped elevate their business just b/c it had gold, and b/c of what their cultures thought of the benefits of gold.

 
At 2:10 PM, Blogger Vince said...

Wow that is pretty interesting! Tell you what? An idea like that is a major economic boost in the marketing arena.

 
At 4:08 PM, Blogger Michelle_B. said...

What a great concept. It would pull just about anyone in to give them that feeling of superiority. Kind of like "You are what you eat."

 
At 8:24 PM, Blogger Maria S said...

It is amazing to see how creative people can become when it comes to making money. I had never heard any one using gold as a seasoning for their food, it's pretty neat, I quess.

 
At 9:22 PM, Blogger Tony and Lindsay said...

I can't really believe that, I would never even think of that. I don't know if it's a good idea or bad one...especially because it could possibly be harmful...it just seems to me as though there are better uses for gold. Interesting.

 
At 6:27 PM, Blogger ElaineH said...

It's a good marketing effect to get consumers eat at the resturant( business wise). Has anyone thought of the harmful affects if there is any? I know I wouldn't want to eat anything with gold in my meals.

 
At 2:19 AM, Blogger Ronald M. Ayers said...

I like Michelle's idea of "you are what you eat." Still, I'm not going to eat any gold.

 
At 10:39 PM, Blogger biomechanique said...

there's no gold in our cafeteria!

 

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