Panicky Germans buy gold from vending machines: report
by Joseph N. DiStefano, Posted: June 18, 2009
A German company has installed a gold-vending machine at Frankfurt Airport. "TG-Gold-Super-Markt aims to introduce the machines at 500 locations including train stations and airports in Germany," reports the UK's Telegraph newspaper here. With video link.
"Customers using a prototype "Gold to go" machine at Frankfurt Airport on Tuesday had the choice of purchasing a 1g wafer of gold for €30, a 10g bar for €245, or gold coins," about 30% more than market prices.
"A camera on the machine monitors transactions for money laundering controls....'Gold is a good thing to have in your pocket in uncertain times,'" said Thomas Geissler, who owns TG-Gold.
Posted: June 18, 2009 - 9:01 AM
Joseph N. DiStefano
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