gold-dispensing automatic teller machine

[jeff of pa]

German firm plans gold ATMs to meet growing demand
By Peter Starck FRANKFURT, May 19 (Reuters) - Private investors should hold up to 15 percent of their wealth in physical gold, according to a German asset management company which plans to set up 500 'Gold-To-Go' ATMs in Germany, Switzerland and Austria this year.

http://uk.biz.yahoo.com/19052009/323/german-firm-plans-gold-atms-meet-growing-demand.html

 

[jim4silver]

30% premiums is high, but it is an interesting concept. I think it will be a long time, if ever, that such a concept would catch on here in the US. I kind of feel like when the average joe starts talking about buying gold here, then it will be the time to sell.

Jim

 

[alpha105]

Looks like im moving to germany with a crowbar

 

[jeff of pa]

Smash & Grabs may Increase Also

 

[Lou from downunder]

Here in Oz we've had guys blowing the front off the auto teller machines.
Basically they pump the machine full of gas from a bottle and then ignite it, from a distance obviously!
After the smoke clears its grab as much cash as you can before the cavalry arrives.

Lou.

 

[jim4silver]

I saw on Drudge today (6-17-09) that they had a link to this story. Below is the article they posted.

http://www.telegraph.co.uk/finance/...e-chocolate-from-German-vending-machines.html

Jim