RufflesTheGuineaPig Posted May 13, 2010 Share Posted May 13, 2010 http://news.bbc.co.uk/2/hi/middle_east/8679876.stm An Abu Dhabi hotel has installed an ATM-style gold dispenser to give customers easy access to the precious metal. Quote Link to comment Share on other sites More sharing options...
juvenal Posted May 13, 2010 Share Posted May 13, 2010 http://news.bbc.co.uk/2/hi/middle_east/8679876.stm An Abu Dhabi hotel has installed an ATM-style gold dispenser to give customers easy access to the precious metal. It's 24 hour operational, and the machine updates the gold price every 10 secs. Really handy for those nights when you just can't sleep, and crave a gold bar at four in the morning. Quote Link to comment Share on other sites More sharing options...
Guest sillybear2 Posted May 13, 2010 Share Posted May 13, 2010 Paper in > gold out. Who needs €500 notes. Quote Link to comment Share on other sites More sharing options...
Errol Posted May 13, 2010 Share Posted May 13, 2010 (edited) An Arab buying some gold, yesterday. a gold ATM machine, making gold-based "currency" transactions one step closer. This is a harbinger of things to come, as people increasingly demand to transact in non-daily violatable pieces of paper. This is also the nightmare scenario for all central banks, which have to be seeing developments in the precious metal space, and finally realizing that in the absence of prudent monetary policy, the people, as we noted yesterday, will take (non-dilutable) matters into their own hands. The Fed dilemma: recognition that the fiat "race to the bottom" has to be contained (unlikely) or confiscation of precious metals (see Roosevelt executive order 6102). http://www.zerohedge.com/article/gold-atms-first-dubai-soon-everywhere-gold-now-one-step-closer-full-currency-status Edited May 13, 2010 by Errol Quote Link to comment Share on other sites More sharing options...
Guest spp Posted May 13, 2010 Share Posted May 13, 2010 Drip Drip Drip...the dilution of Fiat currencies! Gold and Silver...A banksters worst nightmare...except when all this comes out in the wash you are going to find many of them are already holding it. The warnings were given! Quote Link to comment Share on other sites More sharing options...
Guest sillybear2 Posted May 13, 2010 Share Posted May 13, 2010 Drip Drip Drip...the dilution of Fiat currencies! Gold and Silver...A banksters worst nightmare...except when all this comes out in the wash you are going to find many of them are already holding it. The warnings were given! It's a shame nobody ever bothered to post them on here! Why didn't someone speak out? Quote Link to comment Share on other sites More sharing options...
cashinmattress Posted May 13, 2010 Share Posted May 13, 2010 Wouldn't last here. It would be ram raided pretty damn quick. Quote Link to comment Share on other sites More sharing options...
Dave Spart Posted May 13, 2010 Share Posted May 13, 2010 I'll have mine white with one sugar, ta. Quote Link to comment Share on other sites More sharing options...
Dave Spart Posted May 13, 2010 Share Posted May 13, 2010 And this is what the hotel has in its bathrooms . . . Quote Link to comment Share on other sites More sharing options...
goldenoldie Posted May 20, 2010 Share Posted May 20, 2010 Don't know whether anyone was aware of this but they have had these type of machines in Germany for years love the toilet paper lmao Quote Link to comment Share on other sites More sharing options...
harrywatson66 Posted May 24, 2010 Share Posted May 24, 2010 Abu Dhabi's top hotel is upping the ante in the race for Gulf glitz: adding a gold-dispensing machine. The ATM-style kiosk in the Emirates Palace monitors the daily gold price and offers small bars up to 10 grams or coins with customized designs. It's the idea of a German entrepreneur, Thomas Geissler, who began testing the cash-for-gold machines in his native country in 2009. The Abu Dhabi debut on Wednesday is billed as the first international foray for Geissler's "Gold to Go" brand. Geissler says he picked Abu Dhabi because of its high-rolling atmosphere and the region's traditional ties to gold in commerce. The unveiling was timed well. Gold hit a record high Wednesday of more than $1,245 an ounce. Quote Link to comment Share on other sites More sharing options...
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