Right now, these gold ATMs are only in Germany, Italy, Spain and Abu Dhabi. In a few places here, soon, but just you wait. With Obama’s recovery plan in place I can see every WalMart in the country having at least one, right next to cash for coins machines.
Times are changing. We’re keeping pace and going a step ahead. GOLD to go® has developed the world’s first gold vending machine.
The GOLD to go® vending machine is an unmanned point of sale. It offers an extraordinary opportunity to purchase gold bars and coins of assured quality, backed by the security of a Swabian Fort Knox® and with the ease-of-use of a vending machine. Prices are updated in real-time. The GOLD to go® gold vending machine is largely burglar-proof and tamper-resistant. It has an excellent user guidance, which makes it very easy to handle.
In the standard version, our GOLD to go® ATM’s are equipped with the following products (alternative product portfolio is possible, depending on the requirements of the respective location):
* Gold Bars 1 gram, 5 gram, 10 gram and 1 ounce
* Krugerrand 1/10 ounce, 1/4 ounce and 1 ounce
* Kangaroo 1/10 ounce ($15) and 1 ounce ($100)
* Maple Leaf 1/10 ounce ($5)
Gold Bricks
Anyone wanna get a pool going on how soon some idiot will grab one of these with a pickup truck?
What a scam.
Gold from Congo bought cheap, sold with extreme profit.!!!
I would say a scam, shows just how fcuked the world is spinning.
This was reported on this site just 5 months ago
http://dvorak.org/blog/2010/05/14/youre-probably-wealthy-if-you-buy-your-gold-from-a-vending-machine/
Not allowed in the UK – Owning bullion is unlawful.
One point
Crooks may well be watching for the delivery van which restocks the machines
Barbershop IV
They have the concept wrong. It should be collecting gold to dish out cheetos and the like.
Yes if gold is so inherently stable and valuable why are they willing to trade “worthless” fiat paper currency for it?
#9–tcc3==see #4.
One gets rich today by buying cheap and selling high. Today that is done by manufacturing bubbles. Get in at the base, sell near the top.
I’m thinking the model is loosely based on Donkey Kong.
Wonderful idea…we all should have some gold to tide us over, just in case.
Hope they put one in my town.
#10 A corporation is a group of people combined into or acting as one body.
Therefore, corporations like “Organizing for America; SEIU; Loons for Obama” etc are evil.
Those that hire us while producing goods and services, are not.
Alfie, wrong in everything you say, think, post==you say: “A corporation is a group of people combined into or acting as one body.” /// No, that is an association or a conspiracy. The whole point of a corporation and its insulation from legal responsibility is that the individuals employed/invested/managing the corporation are NOT acting as one. Given the Holy Trinity, this concept should not be foreign to you.
“Loons for Obama” does sound evil to me. Lets make sure their corporate papers are in order?
“Those that hire us while producing goods and services, are not.” /// STFU slave!
The Japanese have used school girl panties, we have corn syrup soda for $1.75 per 20oz and the Saudi’s have gold coins. Priorities.
Every time Alfred posts something with ‘loon’ in it he makes me laugh. Keep it up there champ.
#9, They take the profit, and use the worthless paper to buy, guess what!
I had to stop accumulating it when it hit $1100. But I have quite a bit of the lovely stuff in my safes… I loved getting it for $650 in hindsight, but even then, it seemed awfully expensive… So there you go.
Meh, still not as good at the Japanese Dirty Panty vending:
http://bit.ly/btvkPe
finally, news from over a month ago is on this blog
Since no one else has said anything, I know I must be missing something obvious. I had a quick look at the website and it didn’t clear the fog.
Although they claim the price will fluctuate with the market, above they seem to be selling 1 ounce of gold (Oz Kangaroo)for $100 and the Maple Leaf for half that!
If that isn’t confusing me enough, the website explains they have money laundering protection. Your credit cards are limited in how much they can buy but you can, apparently, shovel as much cash into the machine as you wish – but only 3 times a day. Oh, sure, if you go over a thousand Euros they insist you let them scan that fake ID you bought in Pakistan.
#5 The DON – Used to be illegal in the USA, too. I’m guessing they’ll try to do it again. Look for riots when people have to sell the govt their $1500 an ounce gold for $750…
Your California Welfare credit card will work in them also!!!!
Yahooie!