Gold Vending Machine in Abu DhabiSeptember 3, 2010
Abu Dhabi’s top hotel, Emirates Palace recently debuted a vending machine that dispenses gold bars. The machine, GOLD TO GO allows customers to trade cash for gold in quantities ranging from coins up to 10-gram bars. Customers using the shiny machine — itself gold-plated — can choose from 320 items, including gold customized with logos.
The price of gold, which was up to $1,245 an ounce yesterday, is measured by the machine every ten minutes.Gold To Go was developed by German inventor Thomas Geissler, and the first machines debuted last year in Frankfurt’s Airport.