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BusiesT casino gambling day -- in Las Vegas Status: Not Logged In; Sign In United States News See other United States News Articles Title: Gold-dispensing ATMs coming to US Source: Reuters URL Source: http://www.msnbc.msn.com/id/39383743/ns/business-personal_finance Published: Sep 28, 2010 Author: Amanda Cooper Post Date: 2010-09-28 13:25:36 by A K A Stone Keywords: None Views: 1055 Comments: 3 BERLIN — A German firm that installs and manages gold vending machines aims to introduce them into the United States this year as it expands rapidly to take advantage of demand for bullion in times of economic uncertainty. Thomas Geissler, creator of the Gold to Go brand and chief executive of Ex Oriente Lux, told Reuters on the sidelines of the London Bullion Market Association conference that the company aims to issue a "couple of hundred" machines next year. Gold to Go launched its first ATM in Abu Dhabi's Emirates Palace hotel in May. They are now operating in luxury hotels in Abu Dhabi, Bergamo and Madrid as well as around Germany. "This year we will issue around 35 machines, and for next year we are looking for bigger numbers," Geissler said on Monday, standing in front of one of the ATMS, which was colored and shaped like a giant gold ingot close to 2 meters tall. Click for Full Text! Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 2. #1. To: A K A Stone (#0) They'll have to stop this. Reason: There's not enough gold at current pricing. mcgowanjm  posted on  2010-09-29   10:09:05 ET  Reply   Untrace   Trace   Private Reply   #2. To: mcgowanjm (#1) They'll have to stop this. Reason: There's not enough gold at current pricing. I'm sure that the markup they'll be charging will make Goldline look like a bargain. Skip Intro  posted on  2010-09-29   15:16:42 ET  Reply   Untrace   Trace   Private Reply   Replies to Comment # 2. #3. To: Skip Intro (#2) I'm sure that the markup they'll be charging will make Goldline look like a bargain. Yes. But the problem will be that someone can get ALL the gold they want immediately.... for a price. And that price, as you say, will be completely different from the London/NY fix. mcgowanjm  posted on  2010-09-30 09:07:03 ET  Reply   Untrace   Trace   Private Reply   End Trace Mode for Comment # 2. Top • Page Up • Full Thread • Page Down • Bottom/Latest

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