The Lux List / Billionaires

Abu Dhabi Gets Gold Vending Machine

Abu Dhabi’s top hotel, the Emirates Palace, recently debuted a vending machine that dispenses gold bars. The machine, named Gold To Go, allows customers to trade cash for gold in quantities ranging from coins up to 10-gram bars. Customers using the shiny machine — itself gold-plated — can choose from 320 items, including gold customized […]

May 15, 2010 | By Anakin

Abu Dhabi’s top hotel, the Emirates Palace, recently debuted a vending machine that dispenses gold bars.

The machine, named Gold To Go, allows customers to trade cash for gold in quantities ranging from coins up to 10-gram bars.

Customers using the shiny machine — itself gold-plated — can choose from 320 items, including gold customized with logos.

The price of gold, which was up to $1,245 an ounce yesterday, is measured by the machine every ten minutes.

Gold To Go was developed by German inventor Thomas Geissler, and the first machines debuted last year in Frankfurt’s Airport.

Abu Dhabi’s Emirates Palace Hotel became the first place outside Germany to install “gold to go, the world’s first gold vending machine“.

Hotel general manager Hans Olbertz said they wanted the hotel to be the first in the world to offer guests what he called “this golden service.”

The Emirates Palace is often used by visiting foreign dignitaries, and its top floor is reserved for the rulers of the UAE federation’s seven emirates, each of whom has his own suite.

Source: AFP


 
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