There's A Gold-Dispensing ATM on West 57th Street
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There's A Gold-Dispensing ATM on West 57th Street
1–10 of 79 posts
Re: There's A Gold-Dispensing ATM on West 57th Street
#2This has been done before in several places before from Dubai to China http://whenonearth.net/withdraw-gold-atm-dubai/
Re: There's A Gold-Dispensing ATM on West 57th Street
#3Conceptually, is this an ATM or a vending machine?
Re: There's A Gold-Dispensing ATM on West 57th Street
#4Those silver American Eagles make a great, almost magical from the child's perspective, alternative to the lame-o paper dollar under the pillow when your kid looses a tooth, but I would recommend working your way up to them as it gets a little expensive, especially if you have more than one toddler.
Re: There's A Gold-Dispensing ATM on West 57th Street
#5In Bergamo's low-cost-airlines airport (Milan) there has been one of this for many years. I have never seen anyone using it though.
Re: There's A Gold-Dispensing ATM on West 57th Street
#6I 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? ;)
Re: There's A Gold-Dispensing ATM on West 57th Street
#7There's been one at the Emirates Palace in Abu Dhabi for a while now...I have seen people using it.
Re: There's A Gold-Dispensing ATM on West 57th Street
#8I 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? ;)
You'd have to have quite a bit of inside info to do that & given hopefully the designers of the machine had enough forethought to not connect the thing to the open internet. To top that off they may even have programmed it to stop if the price variations get too crazy (99% drop may trigger it).
Re: There's A Gold-Dispensing ATM on West 57th Street
#9ATM is a bit of a misnomer isn't it? Can you deposit gold into your "account" at the machine? If not then it's similar to any other sales kiosk (like the ones at the airport selling headphones)
Re: There's A Gold-Dispensing ATM on West 57th Street
#10I like the idea, but feel like I'd get robbed on the way home.