Thursday,
June 10, 2010
First gold vending machine
- "Gold to Go" sets world record
ABU DHABI, United Arab Emirates -- Thomas Geissler
of Germany, chief executive of Ex Oriente Lux, has created
the " Gold
to Go
" machine, a machine that dispenses gold in exchange
for cash at the Emirates Palace hotel
, setting the world record for the First
gold vending machine
.
( enlarge
photo
)
The First
gold vending machine in The World
spits out a range
of 24-karat gold trinkets, from bars up to one ounce in weight
and gold coins in honour of the gold-producing countries named
the Canadian Maple Leaf, the Australian Kangaroo and the South
African krugerrand.
For security, the ATM underneath its 24-karat
exterior is built of high-impact steel.
The Emirates Palace, in the capital of the United
Arab Emirates, offers rooms from $289.23 U.S. per night up
to $10,000 per night for the three-bedroom top-of-the-line
suite.
The World's
First
gold vending machine
, which uses a computer system
to adjust its prices in accordance with international markets
every 10 minutes, was instantly popular at the hotel.
( enlarge
photo
)
"On the first night we had a lot of
demand," Geissler said. "One customer even bought one item
of every product we have."
He said the UAE was chosen as the first location
to host a " Gold
to Go
" machine because of the high demand for the
precious metal in the region.
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Thursday,
June 10, 2010