‘Gold-to-Go’ taps into gold fever with ATMs

[RamboLiberal]

Source: MSNBC/Reuters

BERLIN — A German firm that installs and manages gold vending machines aims to introduce them into the United States this year as it expands rapidly to take advantage of demand for bullion in times of economic uncertainty.

Thomas Geissler, creator of the Gold to Go brand and chief executive of Ex Oriente Lux, told Reuters on the sidelines of the London Bullion Market Association conference that the company aims to issue a "couple of hundred" machines next year.

Gold to Go launched its first ATM in Abu Dhabi's Emirates Palace hotel in May. They are now operating in luxury hotels in Abu Dhabi, Bergamo and Madrid as well as around Germany.

"This year we will issue around 35 machines, and for next year we are looking for bigger numbers," Geissler said on Monday, standing in front of one of the ATMS, which was colored and shaped like a giant gold ingot close to 2 meters tall.

Read more: http://www.msnbc.msn.com/id/39383743/ns/business-personal_finance/

[MineralMan]

1. Mom! Mom! I want a Gold Coin!

No, Johnny, we can't afford that right now.

BUT I WANT ONE! (tantrum ensues)

[pinboy3niner]

4. "They're a ripoff, Johnny. They don't even have chocolate inside!"

Mmmmm....chocolate. A much better deal. :)

[Art_from_Ark]

5. I might have done something like that when I was a kid

But then again, we never frequented the posh establishments where these machines will be "issued", er, installed.

[DJ13]

2. .......

[L0oniX]

3. First gold machine to be installed ...next to Rooms 2 Go.

[Hosnon]

6. This is the clearest sign yet of a bubble. nt.

[jmowreader]

7. Of all the things that should not be sold via vending machines...

gold is about four feet above the top of the list. How many quarters do you have to shove in this thing to get a gold coin?

[Downwinder]

8. Put them in a vending machine with a lever on the side and little drums that spin. n/t

[Javaman]

9. Kind of disproves the "rarity" of gold.

if you can put it in a vending machine, how rare could it be?

If these things go widespread, the price of gold witll collapse.

next up: diamonds in cracker jack boxes.