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At your next ATM: Gold
With gold prices soaring to new heights - driven in part by economic fears - Abu Dhabi's Emirates Palace Hotel this month opened a gold ATM for guests. Yes, guests at the hotel can withdraw gold from the world's first-ever gold dispenser.
A German firm created the ATM that dispenses the precious metal to meet growing demand for gold. TG-Gold-Super-Markt has plans to roll out 500 of the Gold-To-Go ATMs across Germany, Switzerland and Austria over the next year.
The ATM dispenses 24-carat gold bars in 1, 5, and 10 gram sizes in addition to gold coins. A computer inside the ATM keeps track of gold price in real time and updates frequently.
The firm's chief executive says the gold machines are more than a marketing gimmick and are intended to de-mystify the metal, make it easier for people to buy gold, and attract new buyers.
Ridiculous or could commodity money like this actually become acceptable again?
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gold machines are more than a marketing gimmick
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Can you get savings account in Lichtenstein that is denominated in gold or denominated in silver? I once had one in Switzerland. Only problem is when price of metal is falling. You can also get savings account denominated in yen or other currency. Are Euro Guys doing exactly that? Always good to diversify.
