Fancy ATM skips the folding cash, spits out gold

Discussion in 'Commodity Futures' started by Chuck Krug, Dec 17, 2010.

  1. I'm long gold in various accounts, but I have to say: this stuff doesn't happen at market bottoms.

    Fancy ATM skips the folding cash, spits out gold
    Novelty-seekers and investors can swipe credit card for gold at ATM in swanky Florida mall

    FILE - In this photo made available by Ex Oriente Lux company, Thomas Geissler the CEO of Ex Oriente Lux, left, and an Emirati official remove the cover of an ATM-style kiosk which monitors the daily gold price and offers small bars up to 10 grams or coins with customized designs during an opening and demonstration ceremony at the Emirates Palace hotel in Abu Dhabi, United Arab Emirates in this May 12, 2010 file photo. The German company planned to install a similar machine Friday Dec. 17, 2010 at an upscale mall in Boca Raton, a South Florida paradise of palm trees, pink buildings and wealthy retirees. Geissler said the Abu Dhabi machine has been so popular it has to be restocked every two days. (AP Photo/ Ex Oriente Lux, File)
    Kelli Kennedy, Associated Press, On Friday December 17, 2010, 8:34 am EST
    BOCA RATON, Fla. (AP) -- If you're a shopper looking for something sparkly to put under the Christmas tree, you could skip the jewelry.

    A new ATM at an upscale mall in Florida's swanky Boca Raton dispenses shiny 24-carat gold bars and coins.

    A German company plans to install the machine Friday.

    Thomas Geissler, inventor of the Gold To Go machines, says the majority of buyers will be walk-ups enamored by the novelty.

    But he says they're also convenient for more serious investors looking to bypass the hassle of buying gold at pawn shops and over the Internet.

    Shoppers insert cash or credit cards and use a computer touch-screen to choose the weight and style they want. The machine spits out the gold in a classy
  2. 1) How long before somebody uses a bulldozer to steal the machine? :confused:
    2) If this isn't the "final top", I don't know what is. :cool:

  3. call me old-fashioned but i consider getting hit with a hammer over my head as i am leaving that ATM "a hassle" [​IMG]
  4. hmcp


    Great now maybe a few more people will get killed leaving the town center mall
  5. As opposed to the Cash 4 Gold commercials? No shortage of signs of the gold & silver tops, lol.