Thursday, June 18, 2009

Vending Machines to Sell Gold

A German company is going to distribute vending machines that sell gold to 500 locations. The increase in gold desire around the world is from fear of economic collapse and to hedge against inflation. Still, a vending machine? The machine will be an admitted rip-off with prices 30% higher than market value being constantly updated. You have seen how people react when there 85c candy bar gets stuck, imagine how someone might react if there multi-hundred dollar gold bar gets stuck.

"TG-Gold-Super-Markt aims to introduce the machines at 500 locations including train stations and airports in Germany.

The company, based near Stuttgart, hopes to tap into the increasing interest in buying gold following disillusionment in other investments due to the economic downturn.

Gold prices from the machines – about 30 per cent higher than market prices for the cheapest product – will be updated every few minutes.

No comments:

Post a Comment

Related Posts with Thumbnails

Like what you read; Subscribe/Fan/Follow