Monday, May 25, 2009

Gold Dispensing ATM's: Coming Soon (Seriously)

From Reuters:

A German asset management company plans to set up 500 "Gold-to-Go" ATMs in Germany, Switzerland and Austria this year. A gold-dispensing automatic teller machine (ATM) was on display at Frankfurt's main railway station for a one-day marketing test yesterday. A one-gram piece of gold, the size of a child's little fingernail and about as thin, cost US$42.25--a 30% premium to the spot market price.

Hey - on our way out to the bar...I'm tapped, need to make a quick stop at the old A-T-M...


market folly said...

haha wow that is absolutely wild. the sad thing is that with more and more talk of gold, regular old people will see these and probably buy some, at ridiculously inflated prices.

thought i had seen it all, but the world never ceases to amaze me

Brett Owens said...

Haha yeah exactly, I can't believe the mark up on these things either

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