Gold bar dubai atm
The gold bar vending machine still receives a steady flow of inquisitive customers each day, some of whom find the concept a little too novel and are skeptical that they can get something as alluring as gold from a vending machine.
Most of the customers who lined up to purchase the gold bars from the vending machines were there to simply purchase a gold bar and keep it as a souvenir not so much as an investment - and in fact the "small bars" which can be obtained from the machines command a greater premium over spot than the larger gold bars purchased by investors with more serious reserves at their disposal.
However one of the attractions of the small gold bars is that they make attractive gifts, perhaps perfect for celebration of a new-born child What's interesting about the surge in popularity of the small gold bars is that they are almost akin to a return to the use of gold as a form of currency. Perhaps things will one day turn full circle and see gold in common circulation once again.
The gold bar vending machine has different types of gold bars to choose from according to your budget. You can purchase the 1 gram or 2. The gold bar vending machine also has coins of 1 ounce and gold bars of grams.
The gold bars of grams are the costliest gold bars that can be purchased from the machines. The gold bar vending machine first requires the deposition of cash as calculated by the vending machine. Once the customer has deposited the money and the machine has accepted the payment a matt finished black gift box appears from where normally we are used to seeing chocolates and water bottles being vended.
Inside the black gift box is the gold bar of chosen weight sealed inside a plastic covering which bears a hologram label of anti-counterfeiting. The black gift box also contains information about the sale, the price per gram, purity and a return policy.
If not satisfied, the customer has 10 days time to return the gold bar to the machine and claim the money back. The gold bar vending machines are reported not to be manned by any armed guards since the state of the art technology used for protection will have thieves contending with advanced technology alarm systems and strong reinforced steel.
Hence the company Ex Oriente Lux famously remarked that it would cost the thieves more to get out the gold than profit from the gold inside each machine! Gold bars made of carat gold are sold in 1, 5, and 10 gram sizes. From Wikipedia, the free encyclopedia.
Retrieved 19 December Grab a Sack of Quarters First". The New York Times. Retrieved 14 May Gold Bullion Vending Machines. Retrieved 31 October Archived from the original on 28 September Retrieved from " https: