Thursday, May 13, 2010
Inflation to rise - BBC predict VAT @ 20% soon
BBC: Abu Dhabi ATM swaps cash for gold
An Abu Dhabi hotel has installed an ATM-style gold dispenser to give customers easy access to the precious metal. It comes as gold prices have reached record highs in recent days (currently $1245). Food & energy prices can only go up IMHO.
Posted by alan @ 05:13 PM (857 views) Add Comment
4 Comments
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1. Crunchy said...
GOLD FOR CLUNKERS. :)
2. charlie brooker said...
And here's what it has in its bathrooms . . .
[img]http://themostimportantnews.com/wp-content/uploads/2009/12/Dollar-Toilet-Paper.jpg[/img]
3. montesquieu said...
Dunno about anyone else but screams 'bubble' to me .... that's not to say of course it's going to collapse in near future, but ....
4. inbreda said...
will be defunct soon. You have to feed in notes up to the correct value to get the gold out. Hyperinflation will take it to the point where the price of gold is rising (or rather the value of the fiat money is falling) faster than you can push them into the machine.