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.
Monday 17 May 2010
Abu Dhabi hotel installs gold ATM
Labels:
banks,
cards,
credit cards,
financial innovation,
loans,
operational risk