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There is also a cupcake ATM: http://www.sprinkles.com/cupcake-atm
I have seen more than one of these "vending machines" in Dubai. Interesting thing is that they constantly adjust the price of the gold bars as the price of gold fluctuates. I guess these machines need a permanent internet connection to receive the current gold price. Who will be the first to do a MITM and adjust the price to 0.001? ;)
Out of curiosity, other than owning a lump of gold, what exactly are you supposed to do with it once you have it?
Earlier quoted context omitted.
Goldbugs like anonymity. You know, in case Obama decides to pull an FDR and confiscate all their precious Au.
Except you have to use an ATM debit card in the machine. If you wanted anonymity or lack of traceability, I think you'd rather buy with cash, probably using an actual in-person transaction. (I don't know if the US or other countries require registering identity of people buying gold in person in cash? I don't think the US does).
We now have a bitcoin ATM at MIT. https://i.imgur.com/oR6yjEt.jpg
Problem is as soon as you buy it you lose money. The reason being that if you want to sell it back you must go to a dealer he will low ball you and you will have a hard time getting the actual value of the gold. It is not like $100 bill that you could just spend on whatever you want, you are stuck with something that in order to cash out you must take a cut by selling it to a dealer.