Got our first gold dispensing machine at the Golden Nugget

AUandAG

downtown. Here's the link: RJ text

savoyspecial

where does the 1099 print out?

Swampboy

"...virtually impossible to move."

So you're telling me there's a chance?

nederveit

Love this...until I read it only takes cash. Must be a reason I'm missing for that??

savoyspecial

>>Love this...until I read it only takes cash. Must be a reason I'm missing for that??>>



if it took clad quarters, then you could watch Gresham's Law in action as a simple bystander (come to think of it, you still can with greenbacks)

Lmman

I love these machines!!! I wish I would have stayed another week in Vegas to use this one. Guess I am going ot have to make a return trip.

AUandAG

<< <i>I love these machines!!! I wish I would have stayed another week in Vegas to use this one. Guess I am going ot have to make a return trip. >>



Got a PCGS collectors/dealer, no public, show in Feb....good chance to check it out and do a great show
at the same time!

bob

TonedRarities

<< <i>"...virtually impossible to move."

So you're telling me there's a chance? >>

i bet i could move it lol.

sf340flier

Great idea...whoever thought of it.

I wonder what the margins are? 5-7% over spot on the bars or something like that?

Bithrate

This was the world's first gold vending machine:

Link to article

Emirates Palace launches gold vending machine

Well-heeled guests of the Emirates Palace in Abu Dhabi can now buy gold bars and coins from the world’s first “gold vending machine” within the hotel.

The self-service machine, which is itself 24 carat gold-plated, dispenses 1g, 5g and 10g gold bars, as well as gold coins in gift boxes with designs including Maple Leaf and Kangaroo.

Prices are updated in real time, and all items come with a money back guarantee, offering investors “an opportunity to top up their gold caches”.

Commenting on the launch Janet Abrahams, Executive Director of Sales & Marketing Emirates Palace said:

“Emirates Palace initiated The Gold List earlier this year for guests and visitors to purchase special items to treasure their memories of their visit and provide cherished gifts from the Emirates Palace Boutique.

“The opportunity to include Emirates Palace gold coins from the gold vending machine will be available soon, so whether you are an investor, luxury traveller, or a visitor to this iconic landmark of Abu Dhabi, it is simply the perfect gift.”

For more information visit emiratespalace.com.

Report by Mark Caswell

WTCG

So is the Golden Nugget's "Hand of Faith" available for a price?

Dog97

The economy must be improving. I can remember when I was hard put to come up with money for the vending machine that sold Cokes for 25c.

ricko

I prefer the old fashioned way of getting gold... go out and dig it. Cheers, RickO

guitarwes

wow, that picture shows 3 different ways to spend "the cash you win in the casino". 2 of which are really good lookin'.

YogiBerraFan

That is awesome Bob. Have you tried it out yet?

Staircoins

The article quotes the price for 1 oz at close to spot ("about $1400"), but a screen grab from the video tells a different story...

1g = $60
2.5g = $138
10g = $564
AGE = $1596

Cocoinut

A gold dispensing machine was installed at the Town Center Mall in Boca Raton, Florida around Thanksgiving last year. It's also cash-only.

Jim

droopyd

Re: no credit cards, I'm sure they want to avoid credit card merchant fees and the potential for chargebacks.

Don't many bullion dealers also not take credit cards for these same reasons?