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ATMs That Dispense Gold Bars Coming To America
tetrahedrassface writes "As the US economic woes continue unabated, a German company is bringing gold-bearing ATMs to Mainstreet America. The machines accept credit cards, and will dispense 1 gram, 5 gram, 10 gram and 1 ounce units, as well as various gold coins. The company hopes to install 35 bullion machines in the United States this year, and will hopefully have several hundred up and running by next year. The machines will be decorated like giant gold ingots and be over two meters tall. Physical gold has both pros and cons, but from a safety standpoint would it be fine to have a couple of ounces in your pocket while walking around the mall? The giant, gold-dispensing ATMs will monitor the market conditions for gold every 10 minutes in order to reflect spot price changes as they occur." We already covered similar machines installed in travel hubs across Germany.
how much is "35 bullion"
Probably more than three Brazilian. (If you thought it was a typo for billion, see bulk precious metal.)
They did compensate people for seized gold. They just promptly devalued the dollars they paid for them with.
And considering the massive failure that was the last gold seizure (they only got 500 tons total), and the fact that we aren't on a gold standard, so they can devalue the dollar just fine as is, there is no need and little likelihood of future seizure of gold. Your retirement accounts will probably be nationalized long before your gold is seized.
It's spelt billion.
This article has nothing to do with grains!
That's how us Brits spell "spelled": http://dictionary.reference.com/browse/spelt
If I have nothing to hide, you have no reason to search me
It was never illegal to sell gold to the public. Jewelers, dentists, and electronic connector manufacturers would have pitched a fit.
What was illegal was ownership of non-artistic non-numismatic gold beyond a certain rather minimal level.
http://en.wikipedia.org/wiki/Executive_Order_6102
"Science flies us to the moon. Religion flies us into buildings." - Victor Stenger
Um, no, Goldline is a scam, whether or not investing in gold is a good idea.
Why? Because Goldline is selling gold at a 150% markup, and hence no one will ever get their investment back.
You call, they give a little spiel about how the price of gold has gone up and is thus a good investment, or has gone down and hence is a good time to buy, and they they sell you gold at absurd markup and fail to mention that it has any markup at all.
They're pretending to be a commodities broker, and talk a lot about 'reselling' and whatnot. They're actually conmen, and under investigation by the Senate.
And Glenn Beck and Fox News knows this damn well, but are paid a lot.
This is totally irrelevant to whether or not gold is a good investment. It might be if you actually purchase gold at market price, but it sure as hell isn't if you purchase from Goldline.
If corporations are people, aren't stockholders guilty of slavery?
Here, let me plug this cable into your VGA adapte
VGA stands for Video Graphics Array . VGA adapter is not redundant.
There's not going to be a jobs recovery. A huge big chunk of our economy was dedicated to developing real estate and financing the sale of that development. The value of real estate is just not coming back for decades. Those jobs are permanently gone, just like the textile jobs of yore. There are no replacements in services or in manufacturing. Our technology edge is eroding and as it vanishes, so too will the production of the remaining expensive manufactured goods that we make here.
Gold ATMs are not useful except in the most dire emergencies. If you need to use one, it's already too late. No one is going to sell gold in the midst of a currency crisis. These things exist to take advantage of the fool. The reason they will make money is that even a fool can see that there is a crisis coming, while very few have any good plan for dealing with it.