in Florida; Fancy ATM skips the folding cash, spits out gold

[jeff of pa]

BOCA RATON, Fla. (AP) — Shoppers who are looking for something sparkly to put under the Christmas tree can skip the jewelry and go straight to the source: an ATM that dispenses shiny 24-carat gold bars and coins.

A German company planned to install the machine Friday at an upscale mall in Boca Raton, a South Florida paradise of palm trees, pink buildings and wealthy retirees.

Thomas Geissler, CEO of Ex Oriente Lux and inventor of the Gold To Go machines, says the majority of buyers will be walk-ups enamored by the novelty. But he says they're also convenient for more serious investors looking to bypass the hassle of buying gold at pawn shops and over the Internet.

http://www.google.com/hostednews/ap/...08689928393d97

[Silver Surfer]

I dont see that working out too well.... How long will it take until the scum figure out where to sit and hide, then nail the person who just bought gold and put it in their pocket/purse
Unless they had an armed guard there escorting you back to your vehicle, then only a saavy CCW holder armed to the teeth would even think of buying gold like that?
Or am I wrong??

[jeff of pa]

I See a use for stolen Credit cards

[blai745]

whahoo I live in FL... So I guess Ill probaly have to pay a 30% premium on gold out of an ATM