The King Midas ATM hits Abu Dhabi

Gold to the gilded

As gold touches record highs and the Euro cartwheels lower, at least one desert kingdom is giving guests at a super-luxury hotel the opportunity to try out the King Midas touch on a newly installed ATM:

ABU DHABI, United Arab Emirates (AP) — Abu Dhabi’s top hotel is upping the ante in the race for Gulf glitz: adding a gold-dispensing machine.

The ATM-style kiosk in the Emirates Palace monitors the daily gold price and offers small bars up to 10 grams or coins with customized designs.

It’s the idea of a German entrepreneur, Thomas Geissler, who began testing the cash-for-gold machines in his native country in 2009. The Abu Dhabi debut on Wednesday is billed as the first international foray for Geissler’s “Gold to Go” brand.

via Abu Dhabi hotel ATM dispenses gold bars – USATODAY.com.

(h/t The Reformed Broker)

Photo: Ex Oriente Lux via AP

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  1. Pingback: Tweets that mention The King Midas ATM hits Abu Dhabi - Nancy Miller - The New Wall St. - True/Slant -- Topsy.com

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