Monday, September 26, 2011

Automated hoarding

More proof the economy really sucks.

As if more is needed.

There apparently are other gold vending machines in Britain, the Mid-East, the U.S. and Germany among others.

My bankcard will maybe get me a smidgeon of gold, maybe.

China launches gold vending machine
Breitbart -

China, already the world's second largest bullion consumer, has installed the country's first gold vending machine in a busy shopping district in Beijing, state media said on Sunday. 

Shoppers in the popular Wangfujing Street can insert cash or use a bank card to withdraw gold bars or coins of various weights based on market prices, the People's Daily said on its website.

Each withdrawal is capped at 2.5 kilograms (5.5 pounds) or one million yuan (about $156,500) worth of gold, the report said.

The rest of the story: