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Thursday, May 13, 2010

Gold Dispensing ATM

In the Emirate of Abu Dhabi in the United Arab Emirates at the Emirates Palace Hotel a german company has built the first ATM that takes cash and dispenses gold bars weighing 10grams. I know that a lot of people will look at this and again talk of access etc etc but honestly I think its an innovative and creative idea.

Think of it this way, lets say you were at the hotel with your significant other, and wanted to give them a special gift, then why not a small bar of gold, its brilliant! Its also an investment, if you buy a few bars when the prices are low, you can sit on it for years and sell them back for a profit if the prices rise (which if they follow the trends will in the long run).

This machine was invented by Thomas Geissler a German national and CEO of Gold-to-go the ATM was previously installed in Germany, Austria and Switzerland and had a positive reception.

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