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Economics

Get Your Gold To Go: Gold Vending Machine in Abu Dhabi

Katherine Mangu-Ward | 5.13.2010 9:24 AM

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Being a goldbug has never been easier—or more fun! A new vending machine in Abu Dhabi sells gold to all comers:

GOLD To Go is a German invention that monitors the price of gold and dispenses bars and customizable coins. This is its international debut.

Follow the gold_atm on Twitter to learn when a gold vending machine is coming to a luxury hotel near you.

Gold hit $1,245 an ounce yesterday, so purchases from the vending machine won't be cheap. But in the meantime, you can start thinking about what design you want to put on your coins for when world currency markets collapse.

Via Gawker.

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NEXT: This Is Your Country on Drugs

Katherine Mangu-Ward is editor in chief of Reason.

EconomicsGold
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  1. Pro Libertate   15 years ago

    Hey, I forwarded this to Jesse yesterday! Dangit.

    1. Groovus Maximus   15 years ago

      Time for the Jihad, Pro'L Dib? How dare they overlook the Kwittheshitz Hadenough!!!!!

      1. Pro Libertate   15 years ago

        I forgot about that. I am the One Who Can be Offended in Many Ways at Once.

        Kwittheshitz Hadenough would make a great new name for the LP.

  2. Pro Libertate   15 years ago

    For the record, I think we should all pitch in and buy one of these for Mr. Dean.

    1. Groovus Maximus   15 years ago

      He probably already is having one installed in Central America.

  3. Almanian   15 years ago

    Gold is a gateway element. And they're selling it in vending machines.

    Yeah, it starts with the gold, but pretty soon they're on to the platinum, which leads inevitably to the uranian...which will kill you.

    Nice going, Abu Dhabi

    1. Pro Libertate   15 years ago

      Are you discriminating against the higher elements?

      1. ed   15 years ago

        As long as they don't start selling plutonium which, as we all know from seeing The China Syndrome, is the most toxic substance known to man!

        1. Radon   15 years ago

          Ahem.

          1. Preventive medicine works   15 years ago

            Radon Test Kit: $24.99.

          2. Plutonium   15 years ago

            You're just a gas, radon. Colorless and odorless. Totally without character. Begone!

        2. Pro Libertate   15 years ago

          Screw the elements. I'm long on neutrinos.

          1. Quarks   15 years ago

            Sucker!

            1. Pro Libertate   15 years ago

              Quarks are too binding for my tastes.

            2. Higgs Boson   15 years ago

              Whatevs, I started this shit mu-fuckers.

              1. Pro Libertate   15 years ago

                Ha! You're a derivative at best.

            3. Richard   15 years ago

              I'll have a Raktajino.

      2. Brett L   15 years ago

        They can be unstable and dense.

        1. Sudden   15 years ago

          That got lost in the threaded mess. Were you referring to democrats?

  4. Rich   15 years ago

    Meh. We need vending machines that dispense *credit cards*.

  5. Timon19   15 years ago

    Imagine my surprise that this debuted in Abu Dhabi. Shocked, I am.

    Too bad I'm not going back anytime soon. It would certainly be an interesting thing to see in person.

    1. Invisible Finger   15 years ago

      It actually debuted in Germany 1 year ago.

      http://www.telegraph.co.uk/fin.....hines.html

      1. Timon19   15 years ago

        Imagine my surprise that this was picked up and implemented in Abu Dhabi so quickly.

        1. sage   15 years ago

          Good save.

  6. His Eminency   15 years ago

    for when world currency markets collapse.

    hahahaha i wish you were joking.

    1. Your Close Italics Tag   15 years ago

      Get bent, sucker.

  7. Parker   15 years ago

    They need a companion machine like the ones in museums, where you put in a penny and it is used to make an oval medallion for you with the museum logo, or such.

    Gold is softer than copper, so it should work pretty well!

  8. maggoMri   15 years ago

    when world currency markets collapse.

    Katherine Mangu-Ward - another libertarian cheering for failure/collapse.

    Stay classy!

  9. Warty   15 years ago

    Why, oh why, haven't I been buying gold for the past few years? Fucking stupid worthless stocks.

    1. ed   15 years ago

      Why not buy some now? Because you think it's as high as it will go?

      1. Warty   15 years ago

        Oh, I'll start. I just should have started 5 years ago.

  10. Apple   15 years ago

    Looks like a great place to rob. Seems like you'd hit the jackpot whether you got 'em coming or going.

    1. Warty   15 years ago

      I don't think you really want to be in the stealing business in Arab countries.

      1. Dr Duck   15 years ago

        Yes, but on the other hand... Oh! Well, on the other hand...

      2. Apple   15 years ago

        I ain't scared. I can outrun a camel.

  11. Warty   15 years ago

    Speaking of currency collapse, did you know that the problem with California is a tax-collection shortage?

    Schwarzenegger's newest plan will revise the proposals introduced in January to account for the tax-collection shortages.

  12. Bob #2   15 years ago

    My first thought was, "I wonder how long before that machine gets broken into/stolen."

    My second thought was, "If this isn't the loudest, most-clear contrarian indicator I've ever seen, then I don't know what is."

  13. Timon19   15 years ago

    Bob #2, regarding your first thought, you clearly aren't familiar with Abu Dhabi. The chances are pretty much on the level of a humanity-ending asteroid hitting us in 10 minutes.

  14. Jess JOnes   15 years ago

    Wow, $1200 an ounce? When I bought most of my gold it was under $400 an ounce. Time to sell maybe??

    Lou
    http://www.isp-logging.eu.tc

    1. AlmightyJB   15 years ago

      I'll give you $500 an ounce for your Gold. That's a 25% profit for you!

    2. PM770   15 years ago

      Wow, even anonimity bot is a gold bug!

    3. CrackertyAssCracker   15 years ago

      No I don't think you. Look at a pretty slow moving average of the Dow, priced in gold, instead of dollars. When you can squint at that, and it is plainly in an uptrend, that is when you sell your gold.

    4. Richard   15 years ago

      400 Quatloons on the new-comers.

  15. Pip   15 years ago

    Women CEOs Beat Men in Pay in 2009:

    http://abcnews.go.com/WN/women.....d=10630664

    1. Coeus   15 years ago

      "But still, even the women who have broken through the glass ceiling say that much has to change culturally in the business for women to reach parity at all levels. The hope is that the few who have made it to the top can start that change from the highest levels."
      Nice. Good luck with that. Most of those women are at the top because they can make their companies profitable. That kind of goes against paying people more money than they ask for (and/or deserve based on working hours).

  16. AlmightyJB   15 years ago

    I think it's funny that there is a line at the machine.

  17. R C Dean   15 years ago

    For the record, I think we should all pitch in and buy one of these for Mr. Dean.

    I think you should, too. Make sure its fully stocked, please.

    Although for the moment, I've got about as much in gold/gold stocks as I want. Next time there's a dip, I may pick up some silver coins - currently I have less than 5% of my net worth in gold coins, and no silver. I'd like to get that up around 10%.

    The "custom coin" idea is idiocy. The whole point of a coin is that it is a certified weight of a certified purity. A custom coin has no such utility.

    1. Pro Libertate   15 years ago

      Wonder how good the security is on these Automated Goldfinger Machines?

    2. sage   15 years ago

      Make sure its fully stocked, please.

      You might want to put another brace under the floor where this thing will live.

      And if someone comes in and carries it out, you should be extra nice to them.

      1. Tulpa   15 years ago

        Never thought I'd see an Italian Job reference here at H&R.

    3. Abdul   15 years ago

      The utility is in finally paying tribute to Justin Bieber as our age's Augustus Caesar.

      Render unto Bieber that which is Bieber's.

  18. P Brooks   15 years ago

    Can you put your gold in, and get money out?

    1. sage   15 years ago

      Only while the bubble is getting bigger.

      1. Sudden   15 years ago

        I'm torn on gold. I didn't have the extra capital to put in when my hunches indicated a good buy around $900, and now its become so popular that I worry about the bubble effect. But my overall lack of faith in the Western financial model and fear over rampant money manufacturing by Western governments still has me thinking there's plenty of upside potential...

        Fuck it, Hi Ho Silver!

        1. sage   15 years ago

          Yeah, the poor man's gold. I drop by my local coin shop and pick up silver rounds every once in a while.

  19. P Brooks   15 years ago

    It's not like I'm going to actually RTFA.

  20. Jamie Kelly   15 years ago

    Cool!
    I wonder if you can tip those machines forward and get free shit, like those old Coke machines.
    I'm going to give it a try.

    1. Charles Darwin   15 years ago

      'Bout fucking time! I've been waiting to give you an award for a long time!

      1. Jamie Kelly   15 years ago

        Hehehehe.
        I've already got plenty of your fuckin' awards on my mantle.
        The ex-wife didn't want them, and my rehab counselor isn't too impressed either.

        1. That makes   15 years ago

          3

  21. Satan   15 years ago

    Don't worry Chuck. I've got this one.

    1. SWAT   15 years ago

      We see your aim is as bad as ours. He's a slippery fuck!

  22. Tulpa   15 years ago

    Personally I think that gold at $1200+ per ounce is not a great investment. Barring total economic collapse, it's not going to get much higher.

    And if total economic collapse does occur, it's not going to be useful for trading for the bare necessities of life when the smallest coin is worth $150. Junk silver is much better "end of the world as we know it" insurance IMHO.

    1. rbenchley   15 years ago

      If all of the world currency markets go tits up, you would probably be better off investing in ammunition and water than gold or silver.

  23. bunkerbill   15 years ago

    What we really need is a vending machine that dispenses shot gun shells and flashlight batteries, those will be worth a lot more than a useless metal like gold, when the collapse comes. Happy thoughts.

    1. Warty   15 years ago

      Bioshock fan?

    2. almightyjb   15 years ago

      Or better yet. Pot.

  24. Dan T.   15 years ago

    you can start thinking about what design you want to put on your coins for when world currency markets collapse.

    You guys act as if gold is not itself a currency.

    1. Warty   15 years ago

      I don't know what the code meant. If I did, it would be too late. To understand the code is to carry out its instructions. Maybe I was to become a transmitter like Tyler, unwittingly passing the code on the main target. Maybe I was the main target and would begin the countdown to things once I got the code. I knew our only chance was for me to blast Tyler before he got to part two.

      So that's what I did.

  25. heller   15 years ago

    Dan T. acts like he's a smart guy.

  26. how to sell gold tampa   15 years ago

    Seems like you'd hit the jackpot whether you got 'em coming or going.Thanks so much for compiling so much useful information in one place.

  27. jghj   15 years ago

    promotion gifts supplier

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