Coming to Florida: ATM That Dispenses Only Gold

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We can not tell you how many times we've been in those sticky situations where we need some extra gold bars, but unfortunately wherever it is you go to get gold bars (the gold bar store?) is closed. We're sure, like most regular citizens, you have the same exact problem. Luckily, for the busy person in need of regular and easy access to gold bars a specialized ATM that dispenses only gold is coming to America, and the first stop is Florida.

The idea is the brainchild of German company Gold to Go, which already operates the machines in luxury hotels located in Abu Dhabi, Spain, Italy and Germany. They've now set their sites on America, with their first location planned for Florida with another in Las Vegas.

The machines accept cash or credit card, and the price of gold is updated every 10 minutes as dictated by international markets. Users have their choice of picking up gold bars in the sizes of 1 gram, 5 gram, 10 gram and 1 ounce units. The machine also dispenses various international gold coins.

The demand for gold has reached a high as investors are looking for a supposedly safer alternative to stock markets and the banking industry. So, obviously, what amounts to basically a gold vending machine makes sense.

No word on where the first Florida location for the ATM will be, but don't color us shocked when it turns out to be on South Beach. After all, the was one of the favorite locations of Bond villain Goldfinger, who besides Scrooge McDuck, is one of the few types of people we could see using this.

[CNBC: ATMs That Sell Gold Bars Are Coming Soon to America via The Daily What]

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