ATMs That Dispense Gold Bars Coming To America 482
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 (Score:5, Funny)
Put them right outside the dungeon? (Score:5, Funny)
Cue the crying (Score:5, Funny)
I bet Glenn Beck is pissed about this.
If we buy one with the magic chocolate ticket (Score:5, Funny)
will we win a trip to Glenn Beck's magical crazy factory?
35 bullion? (Score:3, Funny)
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? (Score:1, Funny)
It's spelt billion.
This article has nothing to do with grains!
Re:35 bullion? (Score:5, Funny)
You just got woosh-served.
Will we be able to trade furs for it? (Score:2, Funny)
Market penetration (Score:5, Funny)
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 (Score:2, Funny)
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... (Score:1, Funny)
Holy crap, gold IS up!
Re:Bouillon ATMs (Score:4, Funny)
The demand for bouillon has cubed.
Re:Already here (Score:2, Funny)
he he hee..
Re:Arbitrage? (Score:3, Funny)
Re:35 bullion? (Score:5, Funny)
I hear those 35 bullion ATMs will be repaired and maintained by 4 Brazilian technicians.
Re:Already here (Score:3, Funny)
Re:If we buy one with the magic chocolate ticket (Score:3, Funny)
Re:If we buy one with the magic chocolate ticket (Score:3, Funny)
Re:35 bullion? (Score:5, Funny)
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 (Score:2, Funny)
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. (Score:2, Funny)
Re:Already here (Score:5, Funny)
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