German Vending Machines: Dispense Gold, Not Snickers Bars

June 17, 2009

(ChattahBox)—A company in Germany, perhaps influenced by King Midas, is sensing a business opportunity during a global recession, and is installing vending machines that dispense gold bars and coins, instead of the usual snacks and candy bars, in the nation’s airports and railway stations.

Solid gold is the ultimate universal currency, held by banks throughout the world and with the current global financial crisis leaving investors skittish about the stock markets, many people are playing it safe and investing their wealth in gold bullion.

Historically, German investors have always leaned towards investing in solid gold, even during good financial times. Two world wars and instances of out of control inflation have caused many families to lose everything.

The TG-Gold-Super-Markt company is not starting out small. The company has ambitious plans to install 500 gold vending machines at the end of this year.

A prototype machine was unveiled in the Frankfurt Airport this week, generating interest and curiosity from travelers. The gold vending machines offer gold coins, wafers and bars. Gold shoppers can purchase a 1g wafer of gold for about $40 and a 10g bar for about $400.

Gold prices change quickly and are automatically updated every few minutes. The vending machines mark up the standard gold prices by about 30 percent. Video cameras on the vending machines monitor every transaction to combat money laundering.

The next time a harried dad races through a German airport or railway station, realizing he forgot to purchase gifts for his children, he now has another option besides the airport kiosks; he can purchase real solid gold bars his children.

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One Response to “German Vending Machines: Dispense Gold, Not Snickers Bars”

  1. German Vending Machines: Dispense Gold, Not Snickers Bars Adding Info on June 17th, 2009 1:40 pm

    […] gold is the ultimate universal currency, … Read Full Post: German Vending Machines: Dispense Gold, Not Snickers Bars Adding Related Info:Gold sold like chocolate from German vending machines – Daily TelegraphA Gold […]

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