A Sign of the Apocalypse?

May 14th, 2010

Abu Dhabi Hotel Installs Gold Vending Machine (ht, Gene):

There’s no mistaking what’s in this vending machine. The well-heeled in the Gulf can now grab “gold to go” from a hotel lobby in the United Arab Emirates, when the need for a quick ingot strikes.

On Thursday, a day after its inauguration, the shiny machine attracted spectators of many different nationalities who gathered to watch whenever an enthusiast was struck with the urge to splurge on a bar of the precious metal.

Abu Dhabi’s Emirates Palace Hotel became the first place outside Germany to install “gold to go, the world’s first gold vending machine”…

When I saw the headline I had to do a double-take. I was convinced it was an article from The Onion. But then it struck me, “Holy Cow, this thing’s for real!”

Too funny.

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Scary: Why China is Buying Gold Like Mad
Why the Gold Slump is Not Over
Read more on Gold, Investing in the United Arab Emirates at Wikinvest

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