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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