First Gold ATM in Abu-Dhabi, Chinese Love Gold Over Currencies, Soros Warns Gold Bubble Forming

Gold ATMs are coming.  German entrepreneur Thomas Geissler unveiled the first Gold ATM machine (Gold to go) in an Abu-Dhabi hotel.  They sell gold bars and coins weighing 1-gram to 1-ounce.  They provide franchise opportunities if you're interested!  According to the website, the first 200 Gold to go ATM machines will be in Germany, Austria and Switzerland.

The second video (h/t @howardlindzon) showed Chinese consumers giddy about gold.  The video also mentioned that hedge fund manager George Soros thinks gold is in a bubble.  Remember when Soros said "the ultimate asset bubble is gold" at the 2010 Davos conference?  So when will the Fed prick the gold bubble?  See recent posts on $GLD (Gold ETF) with charts and technical analysis.  The first video is from ITNnews.






$GLD NAV climbs by 12 tonnes overnight to 1298.53 - Zero Hedge
What Will Soros, Einhorn, Paulson, Baha, Kaplan do about gold capital gains taxes Mineweb
World's first gold ATM opens - Reuters Video
VIDEO: World's first gold bar vending machine - ArabianBusiness

Comments

  1. I'd love to experience this Gold Atm in Abu Dhabi. This is indeed a great idea by Arabs. They must be very rich to come up with this brilliant concept. I love Golds, and I will surely try this when I go on trip to Abu Dhabi.

    gold bars for sale

    ReplyDelete
  2. This is amazing. This just proves how popular gold investment is. Dubai is one of the world's gold producers.

     gold sellers

    ReplyDelete

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