Martin Lee @ Sg
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ATM for Gold

Do you know that there are now gold ATMs?

The first ones opened up in Abu Dhabi, Munich, and Madrid.

Warren Buffett recently had this to say on Gold, “You could take all the gold that’s ever been mined, and it would fill a cube 67 feet in each direction. For what that’s worth at current gold prices, you could buy all — not some — all of the farmland in the United States. Plus, you could buy 10 Exxon Mobils, plus have $1 trillion of walking-around money. Or you could have a big cube of metal. Which would you take? Which is going to produce more value?”

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1 comment
The Watchman says 13 years ago

This will lead to new scam…some day someone smart will have a similar machine that will dispense lead with gold coating.
Why carry hard asset? Has gold unlimited intrinsic value? It s value derives from forces of supply and demand and irrational and kiasu/kiasi perception.
Beware of gold scam.

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