I know it sounds a “little” over the top, but in a place where wealthy sheiks come to drink cappuccinos topped with gold flakes, the gold-dispensing ATM machine fits right in.
Invented by German entrepreneur, Thomas Geisler, Gold To Go is an ATM, covered with a thin layer of gold, that dispenses 320 gold items, from small gold bars to customized coins. First tested in 2009, in Germany, the Gold To Go ATM is now set up in the Emirates Palace Hotel, in Abu-Dhabi, where the ceilings are coated in gold.
“All the gold is imported from Germany, and soon we will have a customized gold bar with a print of the Emirates Palace logo, which will be a nice souvenir for guests to take home,” said Thomas Geisler. So far his invention has proved a hit, with one of the hotel guests buying one of each gold items the ATM dispenses. Right now it only accepts local currency, but modifications for credit cards will soon be made.
The region’s high demand for gold, and the ongoing economic turbulence, make the Gold To GO ATM machine the perfect investment.