Thursday, May 13, 2010

Look What's In The Vending Machine

Gold, in both coins and bars. The Emirates Palace Hotel in Abu Dhabi has in its lobby a vending machine that dispenses 1, 5 and 10 g bars as well as bullion coins. The price is linked to the spot price of the metal itself.
There's no mistaking what's in this vending machine. The well-heeled in the Gulf can now grab "gold to go" from a hotel lobby in the United Arab Emirates, when the need for a quick ingot strikes.

On Thursday, a day after its inauguration, the shiny machine attracted spectators of many different nationalities who gathered to watch whenever an enthusiast was struck with the urge to splurge on a bar of the precious metal....

Hotel general manager Hans Olbertz said they wanted the hotel to be the first in the world to offer guests what he called "this golden service."

Coming soon to a city near you?

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