Abu Dhabi Gets Gold Vending Machine

Quote :

"Like something from a James Bond film, Abu Dhabi's top hotel, the Emirates Palace, recently debuted a vending machine that dispenses gold bars. The machine, named Gold To Go, allows customers to trade cash for gold in quantities ranging from coins up to 10-gram bars. The price of gold, which was up to $1,245 an ounce yesterday, is measured by the machine every ten minutes. Abu Dhabi isn't the first place to showcase the machines. Gold To Go was developed by German inventor Thomas Geissler, and the first machines debuted last year in Frankfurt's Airport. The exterior of the machine is coated with a thin layer of 24-carat gold. Customers using the unusual ATM can choose from 320 items, including gold customized with logos. "All the gold is imported from Germany, and soon we will have a customized gold bar with a print of the Emirates Palace logo, which will be a nice souvenir for guests to take home," Geissler told Reuters on May 13th. Currently, customers can buy gold coins engraved with a maple leaf, kangaroo, and Krugerrand -- representing the gold-producing nations of Canada, Australia and South Africa. Thanks to the region's high demand for gold, and the high-roller atmosphere of the city, Gold To Go has already seen its fair share of customers. "On the first night we had a lot of demand," Geissler told Reuters. "One customer even bought one item of every product we have." The Emirates Palace, a hotel frequented by visiting dignitaries and billionaires, is no stranger to opulence, as gold graces everything from ceilings to cappuccino foam."

10 gram bars? Meh, that's for poor folk. When they have a machine that dispenses 1 kg bars bricks, then I will be interested

5/14/2010 8:00:03 PM

post a link

5/14/2010 8:07:50 PM

http://news.travel.aol.com/2010/05/13/emirates-palace-gold-dispensing-atm/

5/14/2010 8:11:26 PM

the true spirit of that city is all the abandoned cars are the airport

5/14/2010 9:09:17 PM

i got 9 of these bitches

5/14/2010 9:49:48 PM

Quote :

"The exterior of the machine is coated with a thin layer of 24-carat gold"

5/14/2010 9:50:39 PM

I want the gold
I want the gold
I want the gold
give ME the gold

5/14/2010 10:24:07 PM

Quote :

"CARS ARE THE AIRPORT"

5/14/2010 10:26:00 PM

I would like to think that if I ever became rich enough to where a gold vending machine didn't seem like a crazy idea I would be doing good for the world with my money.

5/14/2010 10:28:06 PM

5/14/2010 10:33:16 PM

5/14/2010 10:34:05 PM

Quote :

"the true spirit of that city is all the abandoned cars are the airport"

That's Dubai, not Abu Dhabi.

Remember, Abu Dhabi is the older more cautious, more mature sister. The same one that bailed out the stupidly extravagant younger sister (Dubai).

Quote :

"I would like to think that if I ever became rich enough to where a gold vending machine didn't seem like a crazy idea I would be doing good for the world with my money."

Eh, it is not that crazy. If you actually were in the market for some gold for investment purposes, getting it from a store or from a machine is the same thing. 10 grams? That's just about $400. You don't have to be very rich to invest $400.




[Edited on May 15, 2010 at 2:46 PM. Reason : ]

5/15/2010 2:45:44 PM

and people say Americans are wasteful

"nope sorry, cant help out the underprivileged, i need to go buy some gold bars"

5/15/2010 3:34:50 PM

Yes, because no one that invests their money can also be a philanthropist. How the hell do you think people get money with which to help the underprivileged?

5/15/2010 3:42:02 PM

Quote :

"I want the gold I want the gold I want the gold give ME the gold"

to me it looked like a leprechaun to me. all ya gotta do is look up dere in da tree. who all seen da leprechaun say yeah!!

5/15/2010 3:45:03 PM

gold is yummy

5/15/2010 5:25:48 PM

^^^it just seems like a gaudy invention

5/15/2010 5:30:54 PM

http://www.catsforgold.com/

5/15/2010 5:36:14 PM

https://www.gettheemerycat.com/flare/next?tag=os%7Caf

5/15/2010 7:06:29 PM

^^ I'd rather feed the cats into the refinery to get gold.

5/15/2010 7:30:47 PM