ATMs That Sell Gold Bars Are Coming Soon to America

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ATMs That Sell Gold Bars Are Coming Soon to America


Rueters - CNBC
Monday, 27 Sep 2010





A German firm that installs and manages gold vending machines aims to introduce them
into the United States this year as it expands rapidly to take advantage of demand for
bullion in times of economic uncertainty.


Thomas Geissler, creator of the Gold to Go brand and chief executive of Ex Oriente Lux,
told Reuters on the sidelines of the London Bullion Market Association conference that the
company aims to issue a "couple of hundred" machines next year.


"This year we will issue around 35 machines, and for next year we are looking for bigger numbers,"
Geissler said on Monday, standing in front of one of the ATMS, which was coloured and
shaped like a giant gold ingot close to 2 metres tall.

The machines, which update the gold price every 10 minutes to match international markets,
take cash or credit cards and dispense small bars—including 1 gram, 5 gram, 10 gram and 1 ounce units—
as well as coins such as South African Krugerrands, Australian Kangaroos and the Canadian Maple Leaf.

The company's plans include expansion into the United States this year, first in Florida
and then in Las Vegas, Geissler said.

LINK to source

They better not put them in Atlanta. Around here thieves just take the whole ATM machine and go with it.