But installed beneath the gold-coated ceilings of Abu Dhabi's Emirates Palace hotel, where royalty and billionaires come for cappuccinos topped with gold flakes, the machine almost seems part of the furniture.
"The reason we chose Emirates Palace is because it really fits with the surroundings here," said German entrepreneur Thomas Geissler, creator of the "Gold to Go" brand and chief executive of Ex Oriente Lux.
The exterior of the machine is coated with a thin layer of gold and offers customers 320 items to choose from, ranging from gold bars that can weigh up to 10 grams, to customised gold coins.
Through a computer system, the ATM gold machine updates the gold price every 10 minutes to match international markets.
For now, it takes notes of the local dirham currency, but the option of using credit cards will soon be introduced.
8 comments:
It's disgusting how rich some people are. Gold flakes on their cappuccinos. Mmm.
at the moment, gold has the most stable value, if you have money (in particular euros) buy! buy!
Indeed. If you have so much extra money you feel like literally flushing some gold down the toilet, there's something wrong in your head. It doesn't necessarily mean you are an evil person, but trust me, you are a douchebag. A giant one.
<p><span><span><span>What???? Dollars and pounds can´t afford it anymore? Did they found out already?</span></span></span></p>
nah i meant the opposite. The euro isnt very stable right now so you better exchange it in gold (or dollars or pounds for your sake)
That's a relief. For a moment I thought they had found out dollars and pounds aren’t worth the ink used to print them
Disgusting.
The machine itself isn't disgusting. In fact, it seems like a rather good idea.
It's the distribution of wealth that I find most disturbing...
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