Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

Dubai's first gold ATM unveiled at Galeries Lafayette
AME Info ^ | February 19, 2011

Posted on 02/18/2011 11:19:47 PM PST by 2ndDivisionVet

Gold seekers need look no further than Galeries Lafayette in Dubai, where nuggets of the precious metal can now be exchanged for cash at the emirate's first Gold to go ATM. Shoppers will receive a personalized Galeries Lafayette piece of gold that corresponds in value to the amount of money they put in.

The first nugget was dispensed during a launch party on February 11, 2011 at Galeries Lafayette - Dubai Mall, the nation's largest luxury department store. Guests gathered round the machine, which is situated on the ground floor of Galeries Lafayette to watch as the ribbon was cut on Dubai's first gold ATM.

The Gold to go machine offers tourists and locals the ideal souvenir from Dubai, which is widely known for its abundance of the precious, yellow metal. Customers can purchase 24 carat gold bars or coins at current market prices and get their hands on as much of the shiny metal as they desire within a matter of seconds.

"Gold to go machines have proved extremely popular around the world and it is high time that Dubai had one too," said Mr. Simon Khoury, Chief Operating Officer of Galeries Lafayette. "The new gold ATM has made one of the world's most luxury items available to Galeries Lafayette shoppers in its original form." .


TOPICS: Business/Economy; Local News
KEYWORDS: dubai; gold; middleeast; money
Turning fiat money into gold with a machine.
1 posted on 02/18/2011 11:19:52 PM PST by 2ndDivisionVet
[ Post Reply | Private Reply | View Replies]

To: 2ndDivisionVet

” where nuggets of the precious metal can now be exchanged for cash ....”

Actually, it’s where cash can be exchanged for nuggets of the precious metal.


2 posted on 02/18/2011 11:29:45 PM PST by USFRIENDINVICTORIA
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

Video - Gold-dispensing ATM Debuts in South Fla.

http://www.youtube.com/watch?v=nSjiVpK0_zc


3 posted on 02/19/2011 12:18:57 AM PST by preacher (A government which robs from Peter to pay Paul will always have the support of Paul.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: USFRIENDINVICTORIA

Is it me, or are we in really weird times?


4 posted on 02/19/2011 12:51:55 AM PST by the invisib1e hand (talk to the hand)
[ Post Reply | Private Reply | To 2 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson