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Gold dispensing ATM machines to debut in the US this year!!

mkman123mkman123 Posts: 6,849 ✭✭✭✭
in Precious Metals
Gold Dispensing ATM machines

woohoo! Article states that it can dispense even krugs, maple leafs, and aussie kangaroos!
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Comments

  • derrybderryb Posts: 36,795 ✭✭✭✭✭
    Will they accept presidential dollars?

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • PerryHallPerryHall Posts: 46,122 ✭✭✭✭✭
    I can't wait to see what the markup over melt is.image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,286 ✭✭✭✭✭
    ... a little late to the party.
    Better late than never, huh ?
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>I can't wait to see what the markup over melt is.image >>



    At least there won't be any shipping & handling chargesimage

    I suspect Silver ATM's to follow soon.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • konsolekonsole Posts: 788 ✭✭✭
    I wonder how many they'll put in the NY metro subway LOL

    IN FUTURE NEWS... muggings up 1000% at subway stations.
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    several places have stated that these machines dispense gold at a mark up of 30%! I think the idea of these machines is great. All they need to do to make it complete is to design the machines to buy back gold. The gold comes out in a nice plastic case, it would be great if the machine would be able to take it back and dispense cash for those that are in a bind and need to sell.
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  • KonaheadKonahead Posts: 1,476 ✭✭✭
    how long before someone blows one open. These things will have to be pretty sturdy not to be a major target.
    PEACE! This is the first day of the rest of your life.

    Fred, Las Vegas, NV
  • johnny9434johnny9434 Posts: 28,310 ✭✭✭✭✭


    << <i>how long before someone blows one open. These things will have to be pretty sturdy not to be a major target. >>



    or just takes the whole thing and they never see it again
  • PerryHallPerryHall Posts: 46,122 ✭✭✭✭✭
    They will be built like a high security safe and they will be anchored to very heavy reinforced concrete slabs and they will be located in well lit high traffic areas with many security cameras.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • derrybderryb Posts: 36,795 ✭✭✭✭✭


    << <i>They will be built like a high security safe and they will be anchored to very heavy reinforced concrete slabs and they will be located in well lit high traffic areas with many security cameras. >>


    They better be, cause if they don't spit out my gold, i'm goin in.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    Here are specifications on the machines from the manufacturer.

    The GOLD to go® gold vending machines come in a variety of versions. Each machine can either be safely bolted to the floor or to a back wall. The special gold leaf finishing is a true eye catcher. GOLD to go® ATM’s are customer friendly. Menu navigation is works with a 19″ inch touch screen. The ATM can be delivered with optional advertising screens.






    The GOLD to go® ATM’s are an in-house development and contain cutting-edge components for product distribution, change, monitoring and data synchronisation. They have been developed in cooperation with a leading ATM manufacturer and provide industry standard security features. So far we have invested many man years into the development of our GOLD to go® gold vending machines.


    The software application of the GOLD to go® ATM’s are controlled by an internal PC (w/ UPS). The PC is connected to the german system-network via secure VPN tunnel. Data connection is conducted via LAN . The gold vending machines have the following functions:

    •Issue of up to 10 different products
    •Self-explanatory user interface via 19″ inch touch screen in local language or multilingual
    •Windowed showcase for selected product for verification of purchase decision
    •Acceptance of bills and coins in local currency with moneychanger (bills and coins) for cash payments
    •Common credit and check card acceptance
    •Receipt output
    •Money-laundering and smurfing protection
    •Real-time product prices (10-minute update frequency)
    •Comprehensive security mechanisms for goods issue and charging
    •Video surveillance on demand

    •Internet connection via LAN
    •19″ inch touch screen with reinforced glass
    •Illuminated showcase with a spotlight
    •Modern RFID goods detection in product shafts
    •Monitoring software (turnover etc.) and control software for applications and components
    •Personal ID scanner (money-laundering protection) and camera
    •Check/credit card terminal
    •Cash acceptance module with moneychanger (coins & bills)
    •Receipt printing (products and protocols)
    •Electronic and manual locking system, intrusion prevention
    •UPS against power fluctuations
    •CIT (Cash -in-transit) compliant cash boxes and product shafts (manipulation protected)
    •Advertising screens on ATM (optional)
    •Dimensions: 180 x 85 x 60 (height x width x depth, cm), weight: up to 450 kg, back wall or floor mounting possible
    •Optional: armoring (molybdenum steel)
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    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    Also for those wondering about theft:

    The machines are fitted "like an armored vehicle" and tested with explosives to prevent theft, and include surveillance cameras that record all transactions.
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  • CiccioCiccio Posts: 1,405 ✭
    How fun would it be to have one at your closest Deli?!

    My wife went to Germany last year but she couldn't find any machine.
    I am going to ask it again to the next visitors who flies via Frankfurt! image
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    How will they comply with the 1099/irs healthcare initiative?

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • derrybderryb Posts: 36,795 ✭✭✭✭✭


    << <i>How will they comply with the 1099/irs healthcare initiative? >>


    Credit card transactions only?

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • 7over87over8 Posts: 4,733 ✭✭✭
    MSNBC early morning 9/28 had a bit on this topic....

    the announcer (NY Desk) - you know the pretty good looking one (and thats about all) says "what do I do with it once I buy it"?????

  • KipKip Posts: 852
    Will it take a check?image
    UCSB Electrical Engineering....... USCG and NASA
  • MesquiteMesquite Posts: 4,075 ✭✭✭
    Heading to Vegas (makes sense) and Boca Raton (????) for the first installations.

    text
    There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.
    –John Adams, 1826
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭


    << <i>Heading to Vegas (makes sense) and Boca Raton (????) for the first installations.

    text >>




    Lots-a-mullah in some parts of Boca

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • tincuptincup Posts: 5,128 ✭✭✭✭✭
    Gosh, I hope they do not bolt them to the floor. How else will I be able to shake the machine if my Krug gets hung up and doesn't drop to the bottom? image

    Oh wait.... maybe I would have to purchase another one, and both would then drop at the same time.........
    ----- kj
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