Vending machines in Beijing now selling gold
mrearlygold
Posts: 17,858 ✭✭✭
No cash eh? Who gave who that idea?
Vending machines in Beijing now selling gold
cns.cn, September 16, 2013
China's first gold-vending machines were unveiled at sub-branches of Hua Xia Bank in Beijing.
The machines, which enable the public to purchase and take immediate delivery of small gold bars and other precious metal products at the push of a button, were launched by Hua Xia Bank.
Like cash ATMs, the machines are equipped with a touch screen and card slot. What makes them different is a "delivery slot" on the lower right, from which consumers can receive the products.
Transaction on the machines is quite users-friendly. After deciding which products to buy, consumers only need to scan an ID card and pay with a debit card or deposit card, according to an official at Hua Xia Bank. The whole transaction process takes six to seven minutes, the official added.
"A total of 24 precious metal products are now available in the machines. Product prices are set according to market prices. No procedure fee is charged," said a staffer from the machines' manufacturer.
There are four such gold-vending machines in Beijing so far.
http://beijing.china.org.cn/2013-09/16/content_30039370.htm
Vending machines in Beijing now selling gold
cns.cn, September 16, 2013
China's first gold-vending machines were unveiled at sub-branches of Hua Xia Bank in Beijing.
The machines, which enable the public to purchase and take immediate delivery of small gold bars and other precious metal products at the push of a button, were launched by Hua Xia Bank.
Like cash ATMs, the machines are equipped with a touch screen and card slot. What makes them different is a "delivery slot" on the lower right, from which consumers can receive the products.
Transaction on the machines is quite users-friendly. After deciding which products to buy, consumers only need to scan an ID card and pay with a debit card or deposit card, according to an official at Hua Xia Bank. The whole transaction process takes six to seven minutes, the official added.
"A total of 24 precious metal products are now available in the machines. Product prices are set according to market prices. No procedure fee is charged," said a staffer from the machines' manufacturer.
There are four such gold-vending machines in Beijing so far.
http://beijing.china.org.cn/2013-09/16/content_30039370.htm
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
0
Comments
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
<< <i>Cool. Are any of them real? >>
Yup...dispensing gold plated replica's
A cool idea I think. I bet it adjusts with the current SPOT price. I wonder what the premiums are though.
<< <i>
<< <i>Cool. Are any of them real? >>
Yup...dispensing gold plated replica's
Of course I was kidding. I imagine the counterfeiting of Chinese coins carries the death penalty in China while the counterfeiting any other country's coins are ignored by Chinese authorities.
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
Here but may not work rusty
Photobucket is down and I had porn to share
Forum member bigjpst posted pics of himself buying a bar there in this thread:
LINK
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
31.1 grams= 1 ounce.
Somewhere in that range.
... but this is pure speculatin'