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Yeah! that is what I was thinking!!! Forget the towel rack with a clip, it might get hidden by the towel...booooo The nail in the wall might not work so well, try a drywall anchor and screw. That...

"Where and how do you store that beauty"




That is what the holes in the blade are for. Put a nail in the wall or a clip on the towel rack - that is why it is called a hanging blade!
Great...