JPHiP Forum
General => General Discussion => Topic started by: THUNDERDUCK on May 14, 2010, 03:05:32 PM
-
ABU DHABI (AFP) – There's no mistaking what's in this vending machine. The well-heeled in the Gulf can now grab "gold to go" from a hotel lobby in the United Arab Emirates, when the need for a quick ingot strikes.
On Thursday, a day after its inauguration, the shiny machine attracted spectators of many different nationalities who gathered to watch whenever an enthusiast was struck with the urge to splurge on a bar of the precious metal.
Abu Dhabi's Emirates Palace Hotel became the first place outside Germany to install "gold to go, the world's first gold vending machine," said a statement from Ex Oriente Lux AG, the German company behind the vending machine.
"In addition to one-gram, five-gram and 10-gram bars of gold, the machine also dispenses gold coins," it added.
Gold rates are constantly updated inside the shiny machine -- itself gold-plated -- in the hotel's lobby, courtesy of a built-in computer connected to a dealer which sells gold online.
"This eliminates the risk premiums usually associated with precious metal trading," the German company said.
Hotel general manager Hans Olbertz said they wanted the hotel to be the first in the world to offer guests what he called "this golden service."
The Emirates Palace is often used by visiting foreign dignitaries, and its top floor is reserved for the rulers of the UAE federation's seven emirates, each of whom has his own suite.
-
Man, I wish I had that kind of money to spend. I guess you can do that when you don't care about poor people in your country that are starving and dying.
-
I wish I have that kind of money too. I have a work but my salary is not that big. I dream to save money so that I can put up a small business like vending machines.
-
as of Abu DHabi's case...
almost everyone is rich there, not to mention Gold is abundant there too...
but i think they should've donated the money to the poor than making those vending machines
-
Whats the point of this? I mean who really needs gold on the go?
-
"Gold to go" for when merchants won't accept traveler checks :lol:
-
What I would do to stay in one of those luxury hotels in Abu Dhabi... even just a night XD
-
what if the gold gets stuck and never comes down?