As the US economic woes continue unabated, a German company is bringing gold-bearing ATMs to mainstream America. The machines accept credit cards, and will dispense 1 gram, 5 gram, 10 gram and 1 ounce units, as well as various gold coins. The company hopes to install 35 bullion machines in the United States this year, and will hopefully have several hundred up and running by next year. The machines will be decorated like giant gold ingots and be over two meters tall. Physical gold has both pros and cons, but from a safety standpoint would it be fine to have a couple of ounces in your pocket while walking around the mall? The giant, gold-dispensing ATMs will monitor the market conditions for gold every 10 minutes in order to reflect spot price changes as they occur.
Tuesday, September 28, 2010
Post #5 Gold vending machines
As the US economic woes continue unabated, a German company is bringing gold-bearing ATMs to mainstream America. The machines accept credit cards, and will dispense 1 gram, 5 gram, 10 gram and 1 ounce units, as well as various gold coins. The company hopes to install 35 bullion machines in the United States this year, and will hopefully have several hundred up and running by next year. The machines will be decorated like giant gold ingots and be over two meters tall. Physical gold has both pros and cons, but from a safety standpoint would it be fine to have a couple of ounces in your pocket while walking around the mall? The giant, gold-dispensing ATMs will monitor the market conditions for gold every 10 minutes in order to reflect spot price changes as they occur.
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sounds interesting, though I have to wonder if they will be vandalized or broken into. (though I am sure there will be precautions for that)
ReplyDeletelol you said "35 bullion machines" and i read "35 billion machines"
ReplyDeletethat's a lot
whaaaaaaat. are we going back to the greenback? every dollar is backed up by gold? lol
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