Gold dispensing ATMs coming to U.S.?

If we told you an ATM was coming to the United States that dispensed its payload in 1 gram, 5 gram, 10 gram, and 1 ounce quantities, what would you think it was? Before you get too excited and fire up that Bob Marley EP, it’s gold. A German firm plans on deploying ATMs that dispense pure Au in the U.S. beginning this year. Company Gold to Go is looking to “take advantage of demand” for gold bullion that arises in times of economic turmoil. The machine’s creator, Thomas Geissler, said, “This year we will issue around 35 machines, and for next year we are looking for bigger numbers.” Unsurprisingly, the company’s first gold-dispensing ATM was deployed in Abu Dhabi’s Emirates Palace Hotel last May. Currently, gold is trading at right around $1,300 an ounce.

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Tags: gold, U.S., United States

Comments

Sarah

I love goooooold!
Craig

Great way to help kids save. “Now Jimmy, do you really want that gumball or for a couple hundred more you could have a nice shiny gold coin.” If kids don’t go for it, you could consider it an unfortunate smelting accident. (great picture)
Michael

Does that dude in the photo kinda look like John McCain?

http://www.goldmember.com Eliot

LMAO! “that dude” is goldmember from Austin Power’s movie. Like techjunkie said, “Ashmoke und a pancake?”

techjunkieforlife

A shmoke und a pancake. You know, a flapjack und a shigarette? No? Shigar und a waffle? No? Pipe und a crepe? No? Bong und a blintz? No? Well, then there ish no pleashing you
Norm

Interesting…what version of DROID OS will it run?

Lunchbox

Version 2.yousuck, affectionately known as “Failcake”

Luke

Would be nice to have gold as a competing currency like they’ve started doing in Indonesia. Paper currency has lost over 30% to gold since they started, and we all know how Gold has faired against the dollar. Why would I save cash when my money is constantly being eroded by the retarded spending of our elected reps?

Jake One

If currency is so worthless, how is it all these gold sellers are making a sh!t ton of profit off you by selling you GOLD FOR CASH?

By the way… when the entire system crumbles and anarchy rules, or if the zombie-robot-super monkey apocalypse becomes reality, (whichever’s first), gold is just as worthless. I recommend you invest in gasoline and canned Pork & Beans instead.

Lunchbox

I’m investing in Mila Jovovich.
OTOH

Actually, I’d recommend investing in guns and ammo. That way, when it gets really bad, you can take other people’s gas, pork, and beans.

skyy_flyer

Never understood why cultures from the Egyptians to the Mayans to present day people have valued gold so much. You can’t wear it(as full clothing with protective qualities), you can’t eat it, you can’t make a weapon out of it. It seems to me that something like iron would be more valuable due to the multiple uses it has that are actually useful instead of just being shaped into coins and bars and sitting in a room.

menno

It’s valuable because of it’s rarity.

Since it’s hard to get you can pretty much only accumulate it when you’re wealthy (jewlery, coins)

And because you couldn;t CONSUME it meant that it lasted longer, it could become part of estates.

if Gold was as common as iron it wouldn’t be valuable at all.

Remember, currency is supposed to help you get something you want, not the end result itself. making your currancy out of something that can be consumed is asking for problems.
StevenHamburg

it looks good, and it is very difficult to obtain.

why do you think ferrari’s is so highly sought after?
sirpaul

It’s useful because it is very unreactive, doesn’t rust, it’s soft and easy to bend and shape, and it pretty!
norman

i would point out at this juncture that the reasons cultures “from the Egyptians to the Mayans to present day” value gold are the same reasons the cultures that came before them valued gold: it is an extremely non-reactive substance. i know its not cool to read a book anymore, but wikipedia could have taught you this…

Which Way is Up?

“Yes, I have a Dutch accent, isn’t that vweird?”

Lunchbox

Fahzhah.

Farger?

Fahzhah… you know, Fahzhah, his dad.

Oh… FA-THER.

Troy

When I read posts like this, one word comes to mind. Bubble
badchad

This is just more evidence that the stupidity of goldbugs has reached epic proportions.

http://music.kwaping.com Kwaping

It’s the gold equivalent of scratch-off lottery tickets. :)

nefan65

He’s Toit….Toit Like a Toiger….
T Man

I love GOLD! The look of it, the taste of it, the shmell of it, the texture. I love gold so much I even lost my genitalia in an unfortunate schmelting accident, hence the name, Goldmember.
3 Phones Jugglin

Id prefer a diamond dispensing machine..
Al

be ready for ATM’s to be stolen! :)
TomCruise

dot com bubble -> housing bubble -> gold bubble (???)

norman

as the amount of gold on planet earth is finite, the bubble wont be as big as those other bubbles (therefore probably not as volatile) based on imaginary things like market value

achilles

I wonder if Wal-Mart will accept payment in gold? I cant wait for the atm machines to arrive here in Gary, Indiana!
http://garyfales.com nevada asset protection

who can afford this kind of atm transaction? not many americans.
creesh

A hacker’s delight.
creesh

A hacker’s dream if I’ve ever heard of one
michael scott

Goldschlager FTW!
octothorp

Now if only gold would become the main exchange medium, rather than fed reserve notes, we could say good bye to all the governments misadventures.
kegman

its valuable because the aliens told us it was so.
AFRICANMAN

HMMMMMMM.,GRHHHHHHHHHHH. THEY ARE BUILDING UP TO STEAL MORE OF OUR AFRICAN GOLD AS USUAL…………PEOPLE ARE HUNGRY HERE AND YOU ARE SHOWING OFF OUR GOLD…..BRAHH STOLEN WEALTH.CRACKERS.
Mythbuzter

This is just ridiculous! Is this another preamble to the Amero paranoia?
Not only are they successfully crashing the stockmarket and the mortgage business. The US government is busy planning on a complete collapse and meltdown of the economy – and these German pricks are going to take advantage of it even more?
I’m retiring to another planet! This is sick!
Frank

Really stupid to buy gold right now — when the global economy stabilizes it will plummet to 1/2 to 1/3 of what it’s selling for right now.

Gold dispensing ATMs coming to U.S.?

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