UAE Hotel Offers Gold ATM

The BBC reports:

An Abu Dhabi hotel has installed an ATM-style gold dispenser to give customers easy access to the precious metal.

It comes as gold prices have reached record highs in recent days.

The video which accompanies the report can’t be embedded, but you can watch it here.  Apparently the United Arab Emirates machine constantly monitors current gold prices and dispenses little bars of gold of up to ten grams.  It only takes cash right now, but will soon take credit as well. 

It’s a fairly expensive vending machine, as gold prices top $1200.

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