Fancy ATM spits out gold

In this photo made available by Ex Oriente Lux company, Thomas Geissler the CEO of Ex Oriente Lux, left, and an Emirati official remove the cover of an ATM-style kiosk which monitors the daily gold price and offers small bars up to 10 grams or coins with customized designs during an opening and demonstration ceremony at the Emirates Palace hotel in Abu Dhabi, United Arab Emirates in this May 12, 2010 photo. The German company planned to install a similar machine Friday Dec. 17, 2010 at an upscale mall in Boca Raton, a South Florida paradise of palm trees, pink buildings and wealthy retirees. Geissler said the Abu Dhabi machine has been so popular it has to be restocked every two days. (AP Photo/ Ex Oriente Lux)

December 17, 2010 8:03:21 AM PST
If you're a shopper looking for something sparkly to put under the Christmas tree, you could skip the jewelry. A new ATM at an upscale mall in Florida's swanky Boca Raton dispenses shiny 24-carat gold bars and coins.

A German company plans to install the machine Friday.

Thomas Geissler, inventor of the Gold To Go machines, says the majority of buyers will be walk-ups enamored by the novelty.

But he says they're also convenient for more serious investors looking to bypass the hassle of buying gold at pawn shops and over the Internet.

Shoppers insert cash or credit cards and use a computer touch-screen to choose the weight and style they want. The machine spits out the gold in a classy black box with a tamper-proof seal.


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