Dubai Hotel Installs Gold-Dispensing ATM Machine

By Miles Bennett   /   Published 05/15/10

Cash for Gold in DubaiTalk about stuntin' ... what if you could hit the ATM for gold bars? In Dubai, you can do just that.

At Abu Dhabi's top hotel, they are upping the ante in the race for Gulf luxury by the addition of a gold-dispensing machine.

According to reports, the Emirates Palace has just added an ATM-style kiosk machine, which offers small bars up to 10 grams or coins with customized designs.

It monitors the daily gold price and charges accordingly. All you have to do is put in your cash, and you got gold! They plan to add a credit card option at a later date.

The Associated Press reports that the idea came from German entrepreneur, Thomas Geissler, who began testing the cash-for-gold machines in his native country in 2009.

It debuted at the Dubai on Wednesday (May 12), and is being billed as the first international foray for Geissler's "Gold to Go" brand.

Check the ATM out in action below:

Tags: , ,
  • BEAST

    Lets plan a robbery !!!!!

  • http://impulsemagazine.net Impulse Magazine

    I definitely have to go to Dubai one day to check this out, this is amazing

  • http://www.lfn.ch/ Anonymous

    I thought about investing in gold about 10 years ago, now I am still thinking why I didn't. There would have been quite a lot of money to make with gold bought to the right time. So now I am stuck with some crapy shares.

  • http://www.eaglenationalmint.com/Jewelry/Money-Clip money clips

    This one is really one of the best information. I haven't heard about the Gold Dispensing ATM Machine. But this one is really looking so promising. Thanks for the sharing some great and informative information about Gold.

  • Anonymous

    I heard about the release of Gold ATM. But this is really looking so promising. Thanks for sharing some great information and information about Gold.

  • http://profiles.yahoo.com/u/3Y3KDUEGLNC5FHUQJXSHMJHUMY Ryu

    Are they kidding with this shiiit?  Who the hell needs gold on the fly. 

  • Enzo

    Obama will be getting some for his limos rims.