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V13 2010 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 13, Number 20, May 16, 2010, Article 34

ABU DHABI VENDING MACHINES TO DISPENSE GOLD

Stephen Pradier forwarded this article from the CBS news web site. He writes: "Makes you wonder what they will think of next and why don't we have one of those." -Editor

Gold vending machine Abu Dhabi's top hotel is upping the ante in the race for Gulf glitz: adding a gold-dispensing machine.

The ATM-style kiosk in the Emirates Palace monitors the daily gold price and offers small bars up to 10 grams or coins with customized designs.

It's the idea of a German entrepreneur, Thomas Geissler, who began testing the cash-for-gold machines in his native country in 2009. The Abu Dhabi debut on Wednesday is billed as the first international foray for Geissler's "Gold to Go" brand.

Geissler says he picked Abu Dhabi because of its high-rolling atmosphere and the region's traditional ties to gold in commerce.

To read the complete article, see: Abu Dhabi Hotel Has Gold Dispensing ATM (www.cbsnews.com/stories/2010/05/12/business/main6476830.shtml)

Actually, the Germans thought of this already - we had an article in June last year about a Stuttgart company that began introducing gold vending machines around Germany. The same company is behind the machines in Abu Dhabi. -Editor

To read the earlier E-Sylum article, see: GERMAN VENDING MACHINES TO DISPENSE GOLD (www.coinbooks.org/esylum_v12n25a26.html)

Larry Mitchell forwarded a link to a related article on the BBC World Service. This one is an interview with Thomas Geissler, the German entrepreneur behind the machines. -Editor

Gold Vending Machine in Abu Dahbi

To read the complete article, see: 'Gold to Go': the ATM that dispenses gold bars (www.bbc.co.uk/worldservice/news/2010/05/100513_gold_atm_hs.shtml)

Wayne Homren, Editor

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To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com

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