Obviously Gold-Dispensing ATMs Are Coming to the States [Gold]

The number of times you’ve been caught out and about without a bar of gold is determined to be a distant memory-not less than for Florida and Las Vegas residents, who’ll see hundreds of these ATMs installed next year.

The Emirates Palace Hotel in Abu Dhabi was the first place to install cash machines that hand out 10-gram bars of 24-carat gold bars in exchange for money, but in true American fashion similar machines shall be situated on either side of the coast from next year.

A ” couple of hundred” of the German machines, catchily branded ” Gold to move ,” will join the 35 machines that have since been installed across the Middle East, Italy, Spain and Germany this year.

They will spit out smaller bars, at 1 and 5 gram sizes; 10 gram and 28 gram (1 ounce) bars, and international coins from countries which include South Africa, Australia and Canada, with the gold price being checked six times an hour. [ CNBC via Slashdot via OhGizmo ]

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This post is tagged: africa australia, american fashion, distant memory, emirates palace hotel, emirates palace hotel in abu dhabi, german machines, international coins