"Dad, Don't Forget, We Gotta Stop By The ATM And Get Some GOLD Before We Head To Shotgun Warehouse" (Clip)
Full story, several links, photos and CNBC video of the ATM in action.
---
Gold ATM Debuts in Abu Dhabi (Greenspan's Mess) >>
---
Amid fears over the strength of nearly every major currency, Abu Dhabi’s top hotel has come up with a new type of ATM for their most risk-averse guests. The Emirates Palace is giving those staying there the chance to withdraw gold from the world first ever gold dispenser.
With gold prices at record highs amid fears that the EU’s rescue package will drive inflation higher, the ATM monitors the daily price of gold and offers small gold bars that weigh up to 10 grams with customized designs.
This could be just what those who stay in one of the world’s most expensive hotels will need as they watch the euro, yen and dollar jump around in volatile trade.
The hotel boasts 302 Grand Rooms, 40 splendid Khaleej & Khaleej Deluxe suites, four Royal Khaleej suites and sixteen three-bedroom Palace Suites divisible into a total of 48 one-bedroom individual suites.
May 14, 2010 at 12:59 PM
Reader Comments (4)
Hope they know it is all coming to an end for them and oil and that stupid machine will look silly when they lose their relevance and money.
WASHINGTON – House lawmakers traveling on official business will be sitting back with the tourists and spending their own money on souvenirs under new rules announced by Speaker Nancy Pelosi on Friday.
Yeah. In the year 2350.
Needless to say, they're scared shitless ..as evidenced by their gold coke machines, bags of gold and propensity to walk around in their pajamas like the whole fucking wide world was their own personal living room.
The horror, the horror.