Abu Dhabi hotel installs gold ATM

An ATM that dispenses gold bars has been installed in the lobby of Abu Dhabi's five star Deluxe Emirates Palace hotel.

The “Gold to go” machine - developed by Germany's TG-Gold-Super-Markt - dispenses 24 carat one gram, five gram and 10 gram pieces of gold as well as coins bearing designs such as the Krugerrand, Maple Leaf and Kangaroo.

A computer in the machine - itself gold-plated - constantly keeps prices in line with the firm's online store.

Last May the company showcased a machine at Frankfurt railway station and claimed it would install 500 of them ATMs in Germany, Switzerland and Austria.