So it works by feeding it the plastic card, with a commensurate amount selected producing commensurate measures of gold. FYI, a gram of the glitter costs 40 quid. The heftier the gold, the more cash, meaning it’s not an ATM in the traditional sense. Of course, it makes you wonder why a gold ATM marketed as Gold To Go is suddenly available to the general public. (Or at least that part of the public that can withdraw gold.)
Wonder no more, as the Westfield shopping center is the latest market for Ex Oriente Lux, who opened a gold dispensing ATM in the UAE a while back. Since then the company have gone international, with similar outlets across North America and the E.U. Rather than eject gold dust, however, each Gold To Go contains coins and bars of various sizes. The prices of which vary to stay in line with global fluctuations.
How the Gold ATM Works
The Gold To Go ATM operates in a straightforward manner. Users simply insert their plastic card, select the amount of gold they wish to purchase, and the machine dispenses the corresponding amount of gold. The gold is available in various forms, including coins and small bars, making it accessible for different levels of investment. The machine updates its prices every ten minutes to reflect the current market value of gold, ensuring that customers receive a fair price.
The concept of a gold ATM might seem novel, but it taps into a long-standing human fascination with gold as a store of value. Gold has been used as a form of currency and a symbol of wealth for thousands of years. In times of economic uncertainty, people often turn to gold as a safe investment. The Gold To Go ATM makes this process more convenient by providing a quick and easy way to purchase gold.
Security Measures
For those dreaming up nefarious deeds involving the theft of gold, don’t bother. The Gold To Go is encased in armor and is synced with a high-tech alarm system. The machine is designed to be tamper-proof, with multiple layers of security to deter potential thieves. Additionally, the ATM is monitored 24/7 by a security team, ensuring that any suspicious activity is quickly addressed.
The introduction of gold ATMs also raises interesting questions about the future of currency and investment. As technology continues to evolve, we may see more innovative ways to purchase and store valuable assets. The Gold To Go ATM is just one example of how traditional concepts of wealth and investment are being reimagined in the digital age.
If you happen to be in the Westfield shopping center, don’t miss this. The Gold To Go ATM offers a unique opportunity to purchase gold in a convenient and secure manner. Whether you’re a seasoned investor or just curious about the concept, it’s worth checking out.
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