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Gold to Go - 500 Gold ATMs to come in Germany

A German asset management company plans to set up 500
"Gold-To-Go" automatic teller machines (ATMs) in Germany,
Switzerland and Austria this year. [ID:nLJ422294]



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It almost seems as though

It almost seems as though they are preparing for a run on gold... which means a run away from fiat....


SteveMT's picture

This sounds like it is for an emergency exchange. If you ...

$2-3,000 and you heard that the dollar just went bust, I would exchange the max into gold with this ATM. Or, a country refuses to accept dollars for payment. Is that likelihood possible? That is the question. "Marketing Gimmicks" mentioned in the article are are so ridiculous anymore.

Interesting stuff...Thanks.

"This is more than a marketing gimmick," said Thomas Geissler, chief executive of TG-Gold-Super-Markt.de, the company planning to set up the 500 gold ATMs at a cost of 20,000 euros apiece.

"It is an appetizer for a strategic investment in precious metals. Gold is an asset everyone should have, between 5 and 15 percent of your liquid assets in physical gold," he told Reuters in an interview.


good info, thanks

"We can see with our eyes, hear with our ears and feel with our touch, but we understand with our hearts."

northstar's picture

Here's more on the story

FRANKFURT, May 19 (Reuters) - Private investors should hold up to 15 percent of their wealth in physical gold, according to a German asset management company which plans to set up 500 "Gold-To-Go" ATMs in Germany, Switzerland and Austria this year.

A gold-dispensing automatic teller machine (ATM) was on display at Frankfurt's main railway station for a one-day marketing test on Tuesday.

More at: http://in.reuters.com/article/fundsNews/idINLJ42229420090519

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