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.
(h/t The Reformed Broker)
Photo: Ex Oriente Lux via AP