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)
And the gold bubble continues to grow…
#4 I think that the Congo nationalized vertically all mineral extraction. Sold cheap? I got my doubts.
Gold is not cheap. I’d say it’s holding value very well while the value of currency is falling fast.
If we ever start to actually crawl out of this depression the Fed says it will have to squeeze the money supply or we are going to have major inflation. Jimmy Carter gave us 14% inflation. It is reasonable to guess due to the pure volume of money dumped in the stimulus program that this would be at least several times that bad because the amount of money dumped was several times that large.
That you will get inflation after vastly increasing the money supply is not rocket science. The reason it hasn’t hit yet is that various banks and businesses are setting on an ocean of money they are afraid to spend. If inflation starts they will be afraid to hold on to it because it will become less valuable with each passing day so everybody will be rushing to turn cash into something that will retain value.
deowll–do you find it as amusing as I do the “box” that the Chinese have built for themselves? Currency manipulation, product dumping, import restrictions, etc all to the end that they are amassing market strength and currency that becomes more subject to a crash the longer they maintain the manipulations?
I do.
Shows the pro’s and con’s of every decision made/not made. Long term vs short term.
The contest will come to a head within our lifetimes. Who will be more hurt by huge currency devaluations? China who can’t make and sell cheap consumer goods to the West anymore, or the West that cannot buy them?
I’d like to see the IPCC climate model computers let loose on those equations. If they get the date plus/minus 3 months of the coming crash, then AGW should be “proven” as best it can?
Won’t happen. Just musing.
If this one succeeds, we have plans for vending machines for each of the known elements.
What do you think of a Vending Machine from which you can rent a laptop or a netbook? Check out LaptopsAnytime at http://www.facebook.com/laptopsanytime
Lots of photos and videos there. Please let us know if you “Like!” the concept
Thanks!
Next on the Agenda, Suicide Booths!
Sure. You can buy the gold. But can you sell it back, at a later time, when it’s more valuable? If something like that were possible, it would totally wreck governments’ inflationary spending. The ability to print up and spend, more currency than is taken in by taxes. Is dependent on everybody else’s savings and income, devaluating in direct proportion. If practically everyone had a means of halting their income and savings for become worth-less. Then governments couldn’t bleed the value of the new currency they make, from the current and past labors of their citizens. Deficit spending is a hidden tax, on your savings and income. Fixing one’s income to a stable commodity, like gold, kills the tax’s effectiveness. That’s why it became illegal to own gold in countries like the USA. These vending machines will only be allowed in the very wealthiest of neighborhoods. Just for the bragging rights and media hype. Oprah and Cheney will get to protect some of their millions from inflation.