Gold Dispensing ATM Launched In Abu Dhabi.
#1
Gold Dispensing ATM Launched In Abu Dhabi.
Abu Dhabi's top hotel has upped the stakes in the contest to have the most glitz in the Gulf by installing an ATM that dispenses gold bars.
The machine at the Emirates Palace monitors the daily price of gold and offers small bars that weight up to 10 grams or coins with customised designs.
Thomas Giessler, the German entrepreneur behind the idea, chose Abu Dhabi because of its high-rolling atmosphere.
Gold to Go, Geissler hopes, will tie in nicely with the region's traditional ties in gold commerce.
The launch was timed well as on the day gold hit a record high of more than $1,245 an ounce.
http://news.sky.com/skynews/Home/Str...r_Gulf_Glamour
The machine at the Emirates Palace monitors the daily price of gold and offers small bars that weight up to 10 grams or coins with customised designs.
Thomas Giessler, the German entrepreneur behind the idea, chose Abu Dhabi because of its high-rolling atmosphere.
Gold to Go, Geissler hopes, will tie in nicely with the region's traditional ties in gold commerce.
The launch was timed well as on the day gold hit a record high of more than $1,245 an ounce.
http://news.sky.com/skynews/Home/Str...r_Gulf_Glamour
#2
Hit 16's
Joined: Mar 2010
Location: Of all the gin joints, in all the towns, in all the world, she walks into mine
Posts: 13,112
Re: Gold Dispensing ATM Launched In Abu Dhabi.
At its zenith in the 80's Japan had machines on street corners dispensing diamond rings, starting at about 2000 quid if I recall. Never heard of any getting broken into, either. Juxtapose that aspect of their society with the fact that they also have machines dispensing guaranteed-worn-by-schoolgirl knickers.
#3
Re: Gold Dispensing ATM Launched In Abu Dhabi.
Abu Dhabi's top hotel has upped the stakes in the contest to have the most glitz in the Gulf by installing an ATM that dispenses gold bars.
The machine at the Emirates Palace monitors the daily price of gold and offers small bars that weight up to 10 grams or coins with customised designs.
Thomas Giessler, the German entrepreneur behind the idea, chose Abu Dhabi because of its high-rolling atmosphere.
Gold to Go, Geissler hopes, will tie in nicely with the region's traditional ties in gold commerce.
The launch was timed well as on the day gold hit a record high of more than $1,245 an ounce.
http://news.sky.com/skynews/Home/Str...r_Gulf_Glamour
The machine at the Emirates Palace monitors the daily price of gold and offers small bars that weight up to 10 grams or coins with customised designs.
Thomas Giessler, the German entrepreneur behind the idea, chose Abu Dhabi because of its high-rolling atmosphere.
Gold to Go, Geissler hopes, will tie in nicely with the region's traditional ties in gold commerce.
The launch was timed well as on the day gold hit a record high of more than $1,245 an ounce.
http://news.sky.com/skynews/Home/Str...r_Gulf_Glamour
#4
Just Joined
Joined: May 2010
Posts: 3
Re: Gold Dispensing ATM Launched In Abu Dhabi.
Wouldnt last two minutes in the UK
#6
Lost in BE Cyberspace
Joined: Jul 2007
Posts: 13,553
Re: Gold Dispensing ATM Launched In Abu Dhabi.
Abu Dhabi's top hotel has upped the stakes in the contest to have the most glitz in the Gulf by installing an ATM that dispenses gold bars.
The machine at the Emirates Palace monitors the daily price of gold and offers small bars that weight up to 10 grams or coins with customised designs.
Thomas Giessler, the German entrepreneur behind the idea, chose Abu Dhabi because of its high-rolling atmosphere.
Gold to Go, Geissler hopes, will tie in nicely with the region's traditional ties in gold commerce.
The launch was timed well as on the day gold hit a record high of more than $1,245 an ounce.
http://news.sky.com/skynews/Home/Str...r_Gulf_Glamour
The machine at the Emirates Palace monitors the daily price of gold and offers small bars that weight up to 10 grams or coins with customised designs.
Thomas Giessler, the German entrepreneur behind the idea, chose Abu Dhabi because of its high-rolling atmosphere.
Gold to Go, Geissler hopes, will tie in nicely with the region's traditional ties in gold commerce.
The launch was timed well as on the day gold hit a record high of more than $1,245 an ounce.
http://news.sky.com/skynews/Home/Str...r_Gulf_Glamour
How? If the price has risen in the last few seconds, will the ATM suddenly be able to draw more from your card to equate to the equivalent value of the gold bar?
And the gold has to be purchased in advance, to stock up the machine, so what if the gold price suddenly drops? Surely they won't sell the bars at a loss?
I predict a lot of "We regret the machine is temporarily out of service" moments.
#7
Re: Gold Dispensing ATM Launched In Abu Dhabi.
The machine at the Emirates Palace monitors the daily price of gold
How? If the price has risen in the last few seconds, will the ATM suddenly be able to draw more from your card to equate to the equivalent value of the gold bar?
And the gold has to be purchased in advance, to stock up the machine, so what if the gold price suddenly drops? Surely they won't sell the bars at a loss?
I predict a lot of "We regret the machine is temporarily out of service" moments.
How? If the price has risen in the last few seconds, will the ATM suddenly be able to draw more from your card to equate to the equivalent value of the gold bar?
And the gold has to be purchased in advance, to stock up the machine, so what if the gold price suddenly drops? Surely they won't sell the bars at a loss?
I predict a lot of "We regret the machine is temporarily out of service" moments.
Interesting Project time will tell if it works or not.