Abu Dhabi hotel installs gold vending machine
|
There's no mistaking what's in this vending machine. The well-heeled in the Gulf can now grab "gold to go" from a hotel lobby in the United Arab Emirates, when the need for a quick ingot strikes.
On Thursday, a day after its inauguration, the shiny machine attracted spectators of many different nationalities who gathered to watch whenever an enthusiast was struck with the urge to splurge on a bar of the precious metal.
Abu Dhabi's Emirates Palace Hotel became the first place outside Germany to install "gold to go, the world's first gold vending machine," said a statement from Ex Oriente Lux AG, the German company behind the vending machine.
"In addition to one-gram, five-gram and 10-gram bars of gold, the machine also dispenses gold coins," it added.
Gold rates are constantly updated inside the shiny machine -- itself gold-plated -- in the hotel's lobby, courtesy of a built-in computer connected to a dealer which sells gold online.
"This eliminates the risk premiums usually associated with precious metal trading," the German company said.
Pattaya City Time
Google Videos Airlines Banks Community Living Travel Getting Around | CNN Reuters New York Times Telegraph The Hindu News.com.au Associated Press |