Monday, June 22, 2009

The Gold ATM Machine???

Now this sounds cool!

"Asset management company TG-Gold-Super-Markt is planning to set up 500 ATMs at strategic locations all over Germany. The machines will distribute one-gram (0.0353 oz) mini-bars of gold, about the size and thickness of a child’s fingernail. The tiny gold pieces will cost 31 euros – around US$44 – which includes a hefty 30% markup to spot."

"Thomas Geissler, chief executive of TG-Gold-Super-Markt, told Reuters that this new way of selling bullion 'is an appetizer for a strategic investment in precious metals. Gold is an asset everyone should have, between 5 and 15 of your liquid assets in physical gold.' "


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