One has to wonder if Ben Bernanke and his crew of pirates are expending precious grey cells working out a way to corner the gold market since average American moos are now using a new gold ATM in Boca Raton, Florida (and awaiting one in Las Vegas)?
Gold ATM lands in Boca Raton
NEW YORK (CNNMoney.com) — Ever felt the need to exchange greenbacks for gold bullion while finishing your holiday shopping?
Well, now you can. Just head on down to Town Center Mall in Boca Raton, Florida, where America’s first gold dispensing ATM opened for business on Friday.
All you have to do is enter near the Neiman Marcus, hang a right toward the food court, and you will see the gold plated-vending machine near the candy store. Seriously.
The ATMs, designed by a German company called Ex Oriente Lux AG, are already operating in over 15 locations worldwide including Germany, Spain, Italy and Abu Dhabi.
The ATMs, which dispense gold coins and bars weighing up to eight ounces at prices updated every 10 minutes based on the real-time spot price of gold, churn out 20 to 100 gold pieces a day depending on traffic.