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Vending Machine Dispenses Gold Bars To Go

Illustration for article titled Vending Machine Dispenses Gold Bars To Go

Looking to capitalize on the popularity of gold investments in these tough economic times, TG-Gold-Super-Markt is installing vending machines that dispense 1g, 5g and 10g bars / gold coins at 500 locations in Germany.

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A prototype "Gold-to-Go" machine in the Frankfurt Airport initially charged customers around $42 for a 1g wafer of gold and $341 for a 10g bar. The prices update every two minutes and average about 30% higher than market value for the cheapest product. So, given the premium price and extremely small quantity sizes, this really isn't much of an investment at all—more like a novelty or a unique gift idea. On the other hand, it does seem like a great target for thieves, although the company does monitor the devices with cameras and claims that the casing can withstand a dynamite blast. Still, a poor economy also means that thieves will go to greater lengths to pull off a job. [TG-Gold via Telegraph and Fox News]

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DISCUSSION

josephbloseph
josephbloseph

As indicated in the summary here, the smallest quantity is inflated by about 30%, but the 10g is less inflated. I feel that these might make good gifts (I'm thinking this is something you could buy a newborn niece or nephew, or a college grad, as a gift that they can hold onto to mature), but that if you were interested in a serious investment, you should probably find a place that will just straight up give you the market price.