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Gold bar and Gold Coin vending machine. Where to buy gold cheap in USA, Germany, Italy, London and UAE? Gold ATM

Updated on November 22, 2011
you can buy gold cheaper from a Gold ATM than from a bank
you can buy gold cheaper from a Gold ATM than from a bank | Source

What is a Gold vending machine?

Gold ATM or Gold vending machine is a new trading and sales concept which facilitates selling gold bars and coins independently of a sales location. Gold vending machine looks like a Coffee Vending Machine but instead of coffee, customers can buy 24-carat gold bars and coins weighing between one and 250 grams with cash or a credit card.

Advantages of Gold Vending machine

  • Gold price are prices are re-figured automatically every 10 minutes to reflect daily market fluctuations.
  • You can buy gold cheaper from the vending machine than from a bank (in Germany you get it 20% cheaper from a gold vending machine than from a bank)
  • It is safe and convenient.
  • It's fast and easier process

Gold prices over the last 10 years.
Gold prices over the last 10 years. | Source

Different gold products and designs available in the vending machine

You can buy gold in different size and designs:

Gold Bars weighing 1 gram , 5 gram, 10 gram, 1 Ounce, Krugerrand 1 Ounce, 1/10 Ounce 15 $, 1 Ounce 100 $, Maple Leaf 1/10 Ounce 5 $, Krugerrand 1/10 Ounce and Krugerrand 1/4 Ounce.

Gold Vending machine - News

Gold Vending machines in US

At the time of writing this article, there are only two locations were gold ATMs are available

  1. Town Center Mall in Boca Raton, Fla
  2. Las Vegas (NV), Golden Nugget Hotel and Casino

Gold vending machines in Germany

Gold vending machines were first installed in Germany and UAE. There are several places in Germany where gold vending machines (gold automat) are installed. Usually, these vending machines are installed in a shopping mall. For instance in Berlin, gold ATM is installed in one of the prestigious (of course expensive) shopping mall (Galeries Lafayette) downtown.

There are also Gold vending machines at DAB Bank AG at Munich, Airport, Terminal B – public area at Leipzi, Their Galerie at Dortmund and and Einkaufszentrum Limbecker Platz at Essen.

Gold ATM in Berlin

A
Französische Straße 23 berlin:
Französische Straße 23, 10117 Berlin, Germany

get directions

Galeries Lafayette in downtown Berlin where you can find a Gold ATM.

Gold Vending machine in UAE


In Abu Dhabi you will find it at Al Hilal Bank‎ and Emirates Palace Hotel. in Dubai you will find the vending machine at Galeries Lafayette – The Dubai Mall, Ski Dubai, Marina Mall, Atlantis The Palm Hotel and at Burj Khalifa – AT THE TOP, ground floor.

Gold Vending machines in Italy

In Italy you will find it at Bergamo, Orio al Serio International Airport and Mailand, Airport Milano Linate

In London you will find the gold vending machine at Westfield Shopping Center.

http://uk.westfield.com/london/

How does Gold Vending machine works

Comments

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    • emdi profile imageAUTHOR

      emdi 

      6 years ago

      Thanks Christine and 'hypnosis4u2' for the comments. When cash ATMs came all were reluctant to use initially. I believe the situation of Gold ATMs will also be the same. In fact it is a very new concept, started just a year ago.

    • Christine P Ann profile image

      Christine P Ann 

      6 years ago from Australia

      Very interesting even though I doubt I would use one.

    • hypnosis4u2 profile image

      hypnosis4u2 

      6 years ago from Massachusetts

      What a fascinating hub - good job!

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