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  Thursday, June 10, 2010

  First gold vending machine - "Gold to Go" sets world record
  ABU DHABI, United Arab Emirates -- Thomas Geissler of Germany, chief executive of Ex Oriente Lux, has created the "Gold to Go" machine, a machine that dispenses gold in exchange for cash at the Emirates Palace hotel , setting the world record for the First gold vending machine.

   (enlarge photo)

 
 The First gold vending machine in The World spits out a range of 24-karat gold trinkets, from bars up to one ounce in weight and gold coins in honour of the gold-producing countries named the Canadian Maple Leaf, the Australian Kangaroo and the South African krugerrand.

   For security, the ATM underneath its 24-karat exterior is built of high-impact steel.

   The Emirates Palace, in the capital of the United Arab Emirates, offers rooms from $289.23 U.S. per night up to $10,000 per night for the three-bedroom top-of-the-line suite.

   The World's First gold vending machine, which uses a computer system to adjust its prices in accordance with international markets every 10 minutes, was instantly popular at the hotel.

   (enlarge photo)

   
"On the first night we had a lot of demand," Geissler said. "One customer even bought one item of every product we have."

   He said the UAE was chosen as the first location to host a "Gold to Go" machine because of the high demand for the precious metal in the region.    

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   Thursday, June 10, 2010

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