Abu Dhabi hotel installs gold ATM

Abu Dhabi hotel installs gold ATM

A gold bar dispensing ATM has been installed in the lobby of Abu Dhabi's five star Deluxe Emirates Palace hotel.

The gold to go machine - developed by Germany's TG-Gold-Super-Markt - dispenses 24 carat one gram, five gram and 10 gram pieces of gold as well as coins bearing designs such as the Krugerrand, Maple Leaf and Kangaroo.

A computer in the machine - itself gold-plated - constantly keeps prices in line with the firm's online store.

Last May the company showcased a machine at Frankfurt railway station and claimed it would install 500 of them ATMs in Germany, Switzerland and Austria.

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