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Author Topic: Gold vending machine - What do you guys think?  (Read 826 times)
mystery2048
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July 01, 2011, 02:28:43 PM
 #1

http://www.dailymail.co.uk/news/article-2010145/Gold-Go-vending-machine-opens-Westfield-shopping-centre.html?ito=feeds-newsxml

What do you guys think?

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BiggieJohn
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July 01, 2011, 02:32:58 PM
 #2

the armed guards 24/7 to prevent theft/vandalism  would get expensive

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July 01, 2011, 04:22:48 PM
 #3

the armed guards 24/7 to prevent theft/vandalism  would get expensive

The machine doesn't seem half as solid as the ATMs in my city that get cracked open weekly in my city.
While that may only be visual perception - it does seem light for a machine that holds a few kilos of gold...
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July 03, 2011, 10:19:32 PM
 #4

I admire that,  want to buy gold in my country too

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July 03, 2011, 10:40:38 PM
 #5

Does it accept bitcoins?

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July 03, 2011, 11:07:15 PM
 #6

Love the idea but I would prefer they sold standard gold coins like

Maple Leaf 1/20 - 1 oz
Krügerrand 1/10 - 1 oz

I doubt people will buy non standard gold ingots in 250g units on the go


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July 03, 2011, 11:11:01 PM
 #7

that's a lovely scam.

a 2.5 gram bar for 100 GBP.

at current gold price (29.77 GBP per gram), that bar is actually worth 74.43 GBP.

for the 250 gram bar at 10,250 GBP, the actual value is 7,442 GBP.
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July 08, 2011, 10:03:10 AM
 #8

that's a lovely scam.

a 2.5 gram bar for 100 GBP.

at current gold price (29.77 GBP per gram), that bar is actually worth 74.43 GBP.

for the 250 gram bar at 10,250 GBP, the actual value is 7,442 GBP.

If you have some collectible made of plastic do you price it by it's weight times plastic price?

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ottoxgam
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July 09, 2011, 06:48:34 AM
 #9

"There are no security guards protecting the machine, but would-be thieves would still have to contend with reinforced steel and a state-of-the-art alarm system"

That seems like a very bad idea...
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July 09, 2011, 06:55:30 AM
 #10

There are no security guards watching the machine specifically but this is in the Emirates Palace Hotel. Frankly what you would spend to even get in there would outweigh what you would stand to gain from cracking the machine even if you could pull it off (which a sole individual could not, it'd take some kind of orchestrated Die Hard movie ploy to suceed, and then it would be even further from lucrative versus the cost).

edit: I misread, this is a seperate machine from the Emirates Palace one. But this one is in an excessively crowded area in a high class mall with abundant security so I feel the point still stands.
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