Fla. ATM Spits Out Gold, Not Cash
- Posted on December 17, 2010 at 9:37am by
Jonathon M. Seidl
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BOCA RATON, Fla. (AP) — 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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Comments (70)
Wornout
Posted on December 17, 2010 at 2:58pmPut one in my town! Please!!
Report Post »Camo Pants
Posted on December 17, 2010 at 2:27pm“And coming soon will be the first gold dispencing ATM to disappear in the back of a pickup truck or being dragged down the highway by a bunch of dumb crooks. I imagine this thing will not take long for someone to attempt a break in.”
Gold is surprisingly heavy. It would take A LOT of force to get it off the ground,let alone scrape a hole in the bottom dragging it. No way someone would get it, even if it WASN’T bolted to the ground.
Report Post »AzDebi
Posted on December 17, 2010 at 1:43pm@PIZZA ROYALTY…”These machines are now in UAE and other Middle Eastern countries. Interesting that one made it to the states”…Yep…gotta plan on compliance with the new SHARIA LAW?!?
Report Post »WhiteGryphon
Posted on December 17, 2010 at 12:43pmwell it is better than the system we have now it is all base on debt.
see if you can figure it out.
http://en.wikipedia.org/wiki/Fractional-reserve_banking#How_it_works
“The regional Federal Reserve banks are not government agencies. …but are independent, privately owned and locally controlled corporations.” — Lewis vs. United States, 680 F. 2d 1239 9th Circuit 1982
“We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it.” — Congressman Louis T. McFadden in 1932 (Rep. Pa)
Report Post »ADDICTED TO TRUTH
Posted on December 17, 2010 at 12:25pmWhat is to keep a hoodlum from just waiting until you or I buy the gold, then robbing us in the parking structure? I hope there are armed escorts…..
Report Post »Brooke Lorren
Posted on December 18, 2010 at 12:43amWhat’s to keep them from casing the gold exchange places around town and mugging them on the way out? We have two physical locations to buy and sell gold in our town; I don’t feel uncomfortable leaving the building. Although the one I go to is in a nice part of town…
Report Post »OneRepublic4us
Posted on December 17, 2010 at 11:02amI wonder if my unemployment card can get gold out of that thing?
Report Post »Tiny2bit
Posted on December 17, 2010 at 10:32amPress 1 for gold bullion. Press 2 for silver bullion. Press 3 for Grey Poupon. This ATM charges 2.50 over spot. Press yes if you agree to this transaction fee. Seriously though, I never thought I’d hear of a gold dispensing ATM.
Report Post »Speak without Fear
Posted on December 17, 2010 at 10:29amThe Tax man will be stationed right there to collect…..
Report Post »Bad Thunder
Posted on December 17, 2010 at 10:28amBest of luck to you German company……….you should also try an honor box dispenser in D.C.
Report Post »fearless patriot
Posted on December 17, 2010 at 10:22amHow long do you think it would take drug dealers to figure out what a great way this will be to launder money? Or, what about the ct. weight of the gold? You don’t think they would sell 10 ct. and pass it off as 24 ct. do you?
Report Post »the_ancient
Posted on December 17, 2010 at 11:12amWell that would be Fraud, and the owner of the machine would then be committing a felony and could/would go to jail. I am sure there are several Gold Dealers (jewelry stores) in the mall that would be happy to prove the owner of such machine as a fraud.
Anyone that buys gold, from a vending machine, a Mail Order Dealer (like the ones advertised here) or a local deal takes that risk
Report Post »VanGrungy
Posted on December 17, 2010 at 10:09amOk… so everyone has seen the vid where the truck drives into a store and hauls away the ATM, right?
hint hint… nudge nudge…
just sayin..
Report Post »the_ancient
Posted on December 17, 2010 at 10:05amMan the comments in this tread are just sad…..
No wonder the TSA can get away with the crap it can.
What happen to the “home of the brave” looks like we are now “home of the scared to be mugged and unwilling to defend ourselves”
very sad
Report Post »Armed Patriot
Posted on December 17, 2010 at 10:30amThere is a difference between confidence and stupidity. If you want to show your bravery, go flashing a lot of cash around. I brick in the head really hurts. Its stupid to step into the victim line at your local ATM.
Report Post »the_ancient
Posted on December 17, 2010 at 11:07amThen I suggest you stay huddled in your Bullet Proof Bunker eating your MRE’s.
If your sooo afraid to use a machine in a crowded mall because some 2 bit thug might “hit your with a brick” then I feel very sorry for you, and I pray you find some courage at the end of the yellow brick road
Report Post »untameable-kate
Posted on December 17, 2010 at 12:29pmWow Ancient. Overreact much???
Report Post »the_ancient
Posted on December 17, 2010 at 1:44pm@UNTAMEABLE-KATE,
Probably but so is thinking the every single person that buys from this machine is going to be hit in the head with a brick. If that was the case then malls would not exist nor would they have Jewelry or other High Value Items in them.
If a would be mugger is going to “case” this, then they will case a jewelry store looking for the next unsuspecting guy or gal that just bought a diamond ring or 24K neckless…
To stop economic activity on pure fear of being mugged is just plain ridiculous
Report Post »troyvar
Posted on December 17, 2010 at 2:49pmHear about the jewelry store owner in Houston that just bagged three would be brick throwers?
Report Post »joseph Fawcett
Posted on December 17, 2010 at 10:03amI like the idea myself! I can’t afford gold myself but I would buy it that way if I could.
http://www.josephfawcettart.com
Report Post »untameable-kate
Posted on December 17, 2010 at 10:13amBring a gun.
Report Post »Grandpa
Posted on December 17, 2010 at 10:01amI like the anonymity if it takes cash
Report Post »Armed Patriot
Posted on December 17, 2010 at 10:25amGot to agree but 3.5 oz of British Sovereigns is roughly $5,000. That 50 $100 bills. Kind of loose some degree of immediate anonymity not to mention security when Chuy is whatching the machine.
Report Post »Pizza Royalty
Posted on December 17, 2010 at 9:55amThese machines are now in UAE and other Middle Eastern countries. Interesting that one made it to the states.
Report Post »MICAELinOHIO
Posted on December 17, 2010 at 9:55amharumph we think a like
Report Post »This machine is not for the unarmed!
harumph
Posted on December 17, 2010 at 9:51amOnly in Boca! Well… there, and Dubai.
Report Post »They had better sell life & property insurance in this machine, as well.
biggreenboo
Posted on December 17, 2010 at 9:49amI wonder how much the owner has the machine insured for? If you can touch it… it can be stolen.
Report Post »shortoldman
Posted on December 17, 2010 at 9:47amwish they had one for silver. Be easier than mailorder
Report Post »wheredoesthemoneylead
Posted on December 17, 2010 at 9:47amAnother example of the Swiss trying to implement a world currency!
Report Post »untameable-kate
Posted on December 17, 2010 at 9:46amYou guys ever see those “stupid criminals” shows on tv where someone tries to chain up an ATM and tow it away with their truck?
Report Post »exliberalgrl
Posted on December 17, 2010 at 9:53amLol I was thinking that too.
Report Post »Lantern
Posted on December 17, 2010 at 11:02amMe too. That’s got to be one HEAVY machine. I wonder what they charge for sales tax on the gold? I heard that’s what the problem is with buying it through Gold-line and other places.
Report Post »dtitus1304
Posted on December 17, 2010 at 9:42amTheifs and muggers will NOT target these people who walk around with gold bars in their purse.
Report Post »NE Cowboy
Posted on December 17, 2010 at 9:45amThat’s what I was thinking!! I hope they station a guard at each location as you’re going to need one. Talk about a really BAD idea!!!
Report Post »Armed Patriot
Posted on December 17, 2010 at 9:54amKind of my thought. Nobodys gonna be watching out for the guy that dropped $1400.00 in the machine for 4 (1 oz.) of British Sovereigns. I wonder if it takes cash.
Report Post »the_ancient
Posted on December 17, 2010 at 10:02amThat is why would should employ Mr. Smith & Mr. Wesson Protective Services, or perhaps Mr. Colt, or Mr. Heckler or Mr. Koch or………
Report Post »CatB
Posted on December 17, 2010 at 11:01amLots of people in Florida with concealed carry permits … I think they better think twice about it .. this lady won’t hesitate if you know what I mean.
Report Post »snowleopard3200 {mix art}
Posted on December 17, 2010 at 11:14amHow long until someone will hear “Blast, I dont have enough left in my account to buy gold…” or something along those lines.
Report Post »2gether
Posted on December 17, 2010 at 9:41amInteresting! I think I will hop on my private jet and take my private security guard down to Boca and slip a few dollars in that machine.
Report Post »ME
Posted on December 17, 2010 at 10:08amyes, yes I may send Jeeves down myself.
Report Post »poverty.sucks
Posted on December 17, 2010 at 9:40amNow that’s a touch of class without dealing with pompous jerks.
Report Post »CatB
Posted on December 17, 2010 at 11:02amIf it was on the West Coast of Florida .. I would go and check it out.
Report Post »LSX
Posted on December 17, 2010 at 9:40amBetter not tell Anthony Weiner!
He’ll have a panic attack!
Report Post »texasfarmer
Posted on December 17, 2010 at 9:56amTell him! It would be fun to watch.
Report Post »Cobra Blue
Posted on December 17, 2010 at 10:05amCall me cynical…but I wonder if this company is LQQKing down the road knowing our greenbacks are becoming worthless in this country. Sounds like a convenient and novel idea on the first read, but what’s the down side. Have to watch his one.
Report Post »guyperram
Posted on December 17, 2010 at 10:31amDon’t pick on hot dog. He is from New York which is the running for the Marxist Capital of the United Socialist States of America, run by King Barry the 1.
Report Post »EqualJustice
Posted on December 17, 2010 at 10:41amThat would be a blessing in disguise! I can’t stand that LITTLE WEINER. He makes my throw up everytime he opens his liberal mouth. He says the most ridiculous things. I saw him on C-Span talking about the Dream Act. What a JERK! Not only does he say we are BORROWING from CHINA to pay for lost TAXES from those making over $250,000. BUT he says no one is here is ILLEGAL and why do Convservatives hate children and want to send them back, away from the only home they have ever known? OKAY. Who’s fault is that? Why doesn’t he ask about why the PARENTS did this to the children. (btw up to 30 year old children?) He believes in no borders and amnesty for all. He is unreal and all these socialists think alike. They have no clue. He says taking 55% of EARNED INCOME in the form of a death tax is okay since you’re dead already?? WHAT? I guess you don’t care or know they are robbing you if you are dead? Seriously.. I will fight these fools till the day I die and even then, I will GIVE my money away before I let THEM take it. They would rather have the government take care of my kids as opposed to having me and my husband leave them our hard earned, life long already taxed money to help them? SICKOS!!! He also said he started a website called DEMOCRATS WHO FIGHT. COM – Make sure to check that out.. ugh. VOTE HIM OUT.
Report Post »Dustyluv
Posted on December 17, 2010 at 10:47amIf they start selling Silver, I’m in! Buy a gold bar and you might get knocked in the head for it..
Report Post »CatB
Posted on December 17, 2010 at 10:59amSince Soros has been buying up Gold .. I don’t trust him not to dump it on the market and use gold as they way to bring us down. Just saying
Report Post »snowleopard3200 {mix art}
Posted on December 17, 2010 at 11:13amAnd coming soon will be the first gold dispencing ATM to disappear in the back of a pickup truck or being dragged down the highway by a bunch of dumb crooks. I imagine this thing will not take long for someone to attempt a break in.
Report Post »kbloom
Posted on December 17, 2010 at 11:24amNo mention of $/ounce. Hmmmmm.
Report Post »FED-UP-AND-READY-TO-TAKE-ACTION
Posted on December 17, 2010 at 11:34amDoes everyone see where it is (BOCA RATON, Fla) money pit of the US. We won’t be seeing these in your average hood for a long long time. If they bring anything in other less areas I would expect it to be silver. That works me to!
Anyway I;m sure someone has put a lot of planning into this. Not really sure yet what to think……..VICTORY OR DEATH
Report Post »ADDICTED TO TRUTH
Posted on December 17, 2010 at 12:20pmWhen weiner talks I put my fingers in my ears and sing….It’s either that or shoot the TV….He is an ***** of the highest order.
They’d better get a SWAT team to guard the dang ATM…
Report Post »MrScribbler
Posted on December 17, 2010 at 4:02pmOn the other hand, G. Gordon Liddy will be delighted!
Report Post »Libertyluvnmomma
Posted on December 19, 2010 at 8:54pmOops, I read penis attack.
Report Post »Libertyluvnmomma
Posted on December 19, 2010 at 8:56pm….the other thing about Anthony Weiner is, let him do all the talking.
Report Post »I ain‘t opening my mouth for nuthin’.