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

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