Of Course Gold-Dispensing ATMs Are Coming to the States

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The number of times you've been caught out and about without a bar of gold is set to be a distant memory—at least for Florida and Las Vegas residents, who'll see hundreds of these ATMs installed next year.


The Emirates Palace Hotel in Abu Dhabi was the first place to install cash machines that hand out 10-gram bars of 24-carat gold bars in exchange for money, but in true American fashion similar machines will be situated on each side of the coast from next year.

A "couple of hundred" of the German machines, catchily branded "Gold to Go," will join the 35 machines that have since been installed across the Middle East, Italy, Spain and Germany this year.

They will spit out smaller bars, at 1 and 5 gram sizes; 10 gram and 28 gram (1 ounce) bars, and international coins from countries such as South Africa, Australia and Canada, with the gold price being checked six times an hour. [CNBC via Slashdot via OhGizmo]



I don't really see why you are any more likely to be mugged at one of these than at a normal ATM. Less so probably, since it would be heavy to try and get away with.

Still, I don't really see the point of them, apart from investing in gold.