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Thomas Geissler, CEO of Ex Oriente Lux and inventor of the Gold To Go machines, holds a 10-gram bar of gold similar to the ones dispensed from the Westfield ATM Wilfredo Lee/AP/Press Association Images

New ATM dispenses gold for cash

It was installed at a shopping centre in London and dispenses gold bars and coins. But do we need one in Ireland?

TIRED OF JUST getting out boring old cash from the ATM? Want something a bit more substantial than €50 notes?

Then a German company has the answer – although we are not sure if many people in recession-struck Ireland would want to avail of it.

It’s the Gold to Go machine, which the Telegraph tells us sells gold “at constantly updated prices”.

One of the Ex Oriente Lux machines was installed at the Westfield Shopping Centre in London last Friday and sells gold in both bars and coins.

The 1g gold bar costs about £41, or €45, and you can pay with cash or card.

Do you think these ATMs would go down well in Ireland – or would they sit gathering dust?

For more information read this story in the Telegraph>

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11 Comments
    Install the app to use these features.
    Mute Kenneth O'Brien
    Favourite Kenneth O'Brien
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    Jul 1st 2011, 4:01 PM

    Silver is where the money is. :)

    22
    Install the app to use these features.
    Mute Martin Sinnott
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    Jul 1st 2011, 4:58 PM

    They would not be able to fill it fast enough.

    19
    Install the app to use these features.
    Mute Seán Ó Briain
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    Jul 1st 2011, 4:57 PM

    We know what ATM’s people will be trying to skim from now.

    19
    Install the app to use these features.
    Mute neuromancer
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    Jul 1st 2011, 4:02 PM

    Are they even legal currency in a domestic market?

    19
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    Mute Padraic Geoghegan
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    Jul 1st 2011, 4:29 PM

    The same machine was installed in Abu Daibi last May

    http://www.rte.ie/news/2010/0513/gold.html

    15
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    Mute Daniel O'Sullivan
    Favourite Daniel O'Sullivan
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    Jul 1st 2011, 6:50 PM

    it is worth more than the euro

    10
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    Mute John McHugh
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    Jul 1st 2011, 5:05 PM

    Ill stick with bitcoin thanks. Patiently waiting for my bitcoin wallet to get nfc support.

    8
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    Mute Waterford
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    Jul 2nd 2011, 2:02 AM

    I know a few types who would want one that dispenses copper

    6
    Install the app to use these features.
    Mute fitszpatrick
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    Jul 2nd 2011, 7:33 AM

    Nothing new here Sean Fitzpatrick had one of these in his executive bathroom for years. It was hooked up to the populace.

    8
    Install the app to use these features.
    Mute Michael Campbell
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    Jul 2nd 2011, 11:18 AM

    It wouldn’t last 2 minutes in Dublin it would be robbed

    4
    Install the app to use these features.
    Mute Siobhán K
    Favourite Siobhán K
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    Jul 2nd 2011, 1:08 PM

    What’s the point?

    3
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