Saturday, October 2, 2010

Want To Get In On Gold?

For those of us wanting to cash in on the recent surge in gold prices, there is good news for you. All you have to do is to travel to Las Vegas or Boca Raton in order to buy gold from a vending machine.

"Gold to go won't reveal exact locations. But Thomas Geissler, CEO of Ex Oriente Lux AG, which owns Gold to go, told CNNMoney that the ATMs will open in "a well-known Las Vegas casino" and a Floridian resort city -- most likely Boca Raton.

Contracts have been signed for both locations. And the opening dates, which are expected to be in early November, will be finalized early next week.

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."

Sounds like an armed guard will have to be posted in order to ward off the eventual vending machine hackers.


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