| The Gold-To-Go Vending Machine |
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| Written by Kathryn Smith |
| Wednesday, 19 May 2010 13:17 |
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In the United Arab Emirates a new sensation has taken over both the press and de people. The "Gold-to-Go" vending machine that has just been inaugurated, sells bars of one, five and ten grams and one ounce. Also, one can buy various gold coins ranging from the Canadian Maple Leaf, to Australian Kangaroo and the South African Kruggerands from the golden vending machine.
In the United Arab Emirates a new sensation has taken over both the press and de people. The "Gold-to-Go" vending machine that has just been inaugurated, sells bars of one, five and ten grams and one ounce. Also, one can buy various gold coins ranging from the Canadian Maple Leaf, to Australian Kangaroo and the South African Kruggerands from the golden vending machine. The gold machine can be found in the Emirates Palace Hotel in Abu Dhabi. The machine has a self-operating system that shuts down if anything appears to be strange in an operation. In June 2009, a prototype of this machine was installed in Frankfurt airport. The vending machine is coated with 24 karat gold and weights half a tone. The prices are continuously updated but one must know that they are a bit higher than the ones on the markets. Data from a recent survey shows that the amount of gold bought in the Emirates last year reached 68 tons. The amount of precious metal produced locally was about 36 tons and this year, three refineries are doubling their production. The glittering metal has proved to be a very safe asset to own these days especially with the crisis in Greece and the fluctuations in the euro zone. If you want to buy you should know that the metal can be found in different forms such as gold coins and bars or gold shares and accounts. Many people have decided to take the advice of the economists and have started to invest in physical gold. If you believe that gold bars are just too much for you, then you should take into consideration investing in gold coins. Some of the most important coins that can be found on the market are the Kruggerands, the Canadian Maple Leaf Coins, the Australian Kangaroos and also the Austrian Philharmonic gold coins. All you have to do is decide which gold product you feel more comfortable with and then start investing. DISCLAIMER: This article is provided as information only and is not to be taken as financial advice. Learn from professionals how to buy in times of recession. |