Posted on 12/18/2010 2:17:54 PM PST by Tolerance Sucks Rocks
BOCA RATON, Fla. (AP) — Shoppers who are looking for something sparkly to put under the Christmas tree can skip the jewelry and go straight to the source: an ATM that dispenses shiny 24-carat gold bars and coins.
A German company installed the machine Friday at an upscale mall in Boca Raton, a South Florida paradise of palm trees, pink buildings and wealthy retirees.
Thomas Geissler, CEO of Ex Oriente Lux and inventor of the Gold To Go machines, says the majority of buyers will be walk-ups enamored by the novelty. But he says they're also convenient for more serious investors looking to bypass the hassle of buying gold at pawn shops and over the Internet.
(Excerpt) Read more at chicagotribune.com ...
Sounds nice, but be VERY aware of your surroundings...
Hassle? Purchasing gold at a coin shop is as easy as buying a loaf of bread and it doesn't squash when you tote it to your car.
Speak for yourself. I buy my gold on Jupiter. After I spend several hours crawling to my car, my little gold ingot has become a square yard of gold foil.
Sounds like a great way to use stolen credit cards. I hope they have a plan for dealing with that usage of the machine.
What dummy would want to have that on their credit card??
All that much easier for the .gov bureaucrats to find you!!!
Prepaid cards have no identity issues...
How long before this thing gets “knocked over”? And how long before someone gets robbed and killed in the parking lot?
Florida is a conceal-carry state. :)
I wonder how much mark-up there is? I’ll bet it’s not gold at market value.
Goldbug ping.
“What dummy would want to have that on their credit card?”
Video shows purchase being made with cash.
Video - Gold-dispensing ATM Debuts in South Fla.
http://www.youtube.com/watch?v=nSjiVpK0_zc
Read the article...it's in there.
” An ounce cost about $1,442.”
Not a bad markup when gold is around 1380-90. Using cash might make sense but, I don’t want my face on their video.
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