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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.

4 of 482 comments (clear)

  1. Bullion != billion by tepples · · Score: 4, Informative

    how much is "35 bullion"

    Probably more than three Brazilian. (If you thought it was a typo for billion, see bulk precious metal.)

  2. Re:35 bullion? by VJ42 · · Score: 4, Informative

    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

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    If I have nothing to hide, you have no reason to search me
  3. Re:Cue the crying by DavidTC · · Score: 5, Informative

    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.

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  4. Re:Already here by InfiniteWisdom · · Score: 5, Informative

    Here, let me plug this cable into your VGA adapte

    VGA stands for Video Graphics Array . VGA adapter is not redundant.