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.

Already here

[operagost]

Meanwhile, Slashdot is bringing apostrophe abuse to America.

Put them right outside the dungeon?

[twoallbeefpatties]

It would be nice to not have to haul that entire bag of 2,000 coins back to town. I might run into a random encounter before then...

Cue the crying

[Pojut]

I bet Glenn Beck is pissed about this.

If we buy one with the magic chocolate ticket

[GungaDan]

will we win a trip to Glenn Beck's magical crazy factory?

35 bullion?

[SharpFang]

It's spelt billion.
And 35 billion ATMs is rather much for a start-up, and more than current market demand...
oh gawd, there will be more of these than McDonalds and Starbucks... ;)

Re:35 bullion?

[Wocka_Wocka]

It's spelt billion.

This article has nothing to do with grains!

Re:35 bullion?

[bsDaemon]

You just got woosh-served.

Will we be able to trade furs for it?

[Sedated2000]

I've been playing Red Dead Redemption a lot. I've been dying for a chance to go to the store and barter for what I want with furs and gold pieces. I want to make the angry high school kid at Sonic take out his scales to measure the cost of my chili dog.

Market penetration

[Zouden]

The company hopes to install 35 bullion machines in the United States this year

To put that in perspective, that's over a hundred machines per person, or 3.3 machines per square foot of land. Talk about agressive expansion!

Re:Already here

[Anonymous Coward]

I'm just grateful it wasn't "ATM Machine's". I probably would have had an aneurysm. I already feel like I need a shower just from typing it for the sake of example.

Here, let me plug this cable into your VGA adapter. I will also need to plug this cable into your NIC Card. It also looks like your computer can use some additional DIMM modules.

Just trying to help...

Re:I see a hack waiting to happen...

[Anonymous Coward]

Holy crap, gold IS up!

Re:Bouillon ATMs

[hey]

The demand for bouillon has cubed.

Re:Already here

[ciderbrew]

Let me unfix that for you - DIMM module's

he he hee..

Re:Arbitrage?

[camperdave]

Just hack into the machine with an axe and take the gold.

Re:35 bullion?

[goodmanj]

I hear those 35 bullion ATMs will be repaired and maintained by 4 Brazilian technicians.

Re:Already here

[ElectricTurtle]

A few days ago I had to say USB bus even though I knew it was redundant because I knew the user wouldn't parse universal serial bus. It hurt a little.

Re:If we buy one with the magic chocolate ticket

[tmosley]

Yeah, that's the ticket. We can lose our debts, our government, and our lives as we starve to death in the streets as trillionaires.

Re:If we buy one with the magic chocolate ticket

[ElectricTurtle]

Hey, it worked for the Weimar Republic!

Re:35 bullion?

[krnpimpsta]

You should learn what words mean before you correct people as it just makes you look like a total fool.

You should learn what a joke looks like before you correct people as it just makes you look like a total fool.

You should learn what a fool looks like before you correct people as it just makes you look like a total joke.

You should joke with a fool look-a-like before you correct people as it just makes you joke like a fool.

Gold Advance Fee

[Sentrion]

So, is my bank card going to process this as just another transaction or am going to be hit with a "gold advance fee", usurious interest rates, and an "alternative currency transaction fee"?

Re:Gold in your pocket is safe.

[tater86]

I would guess that "I shot my friend Timmy with daddy's gun" incidents are down, now that daddy's gun spends more time in his waistband and less time in the drawer with his special balloons. I would like to know if there's an increase of "Daddy shot himself in the jimmy, now there won't be any more Timmys."

Re:Already here

[ColdGrits]

In a previous company, our Marketing Director was showing some potential marks, I mean "customers" round the labs.
He came to some prototypes we were working on, and proudly showed off his Tech Skillz to the assembled masses by announcing that "Here's where we assemble our prototypes using printed PCB circuit boards".

I kid you not :-(