Don’t settle for getting just cash from your ATM. Insist on gold.
The Emirates Palace hotel in Abu Dhabi has installed an ATM that spits out gold instead of the local currency.
The ATM monitors the hourly price of gold and offers small gold bars. In addition to 1 g, 5 g and 10 g bars of gold, the machine also dispenses gold coins bearing designs such as the Krugerrand, Maple Leaf and Kangaroo, which are sold in gift boxes.
The ATM first debuted last year, with press previews and test runs in Germany. The Emirates Palace ATM is the first permanent installation.
The machine only takes cash. No credit cards. If you fear a currency devaluation. First you have to go a conventional ATM, get a big wad of cash and then come back to the Gold-to-Go ATM.
I doubt that I’ll see one of these ATMs on the streets of Boston anytime soon.
Sources:
- Gold to Go website
- Gold to go from Reuters
- Remove Card and Take Bullion; Gold ATM Debuts by Patrick Allen for CNBC
Images are courtesy of Gold to Go