Forget cash , how about Gold from an ATM ?

Watched the premiere of Gold Rush last night and one of the commercials was for Gold dispensing ATM's......thought it was a joke..but no its for real.

[www.youtube.com]


[money.cnn.com]


wonder if armed guards are standing by..........?

Tri

That is something.

Very interesting. A few questions out of ingnorance comes to mind; Where is the gold coming from? Is it that "leased gold" we hear of ? Is the company selling the gold part of the banking system ? What's the reason they are selling their gold for paper money?

Wonder how close the cost is to 'spot' price. What is the % mark-up from spot! Silver bars should be next.

Being up dated every 10 min.... would be interesting to know the mark up. Im sure gold is worth the expense for these machines..... i see the oil folks are into grabbing what they can..... and the rich get richer.