Thursday, September 25, 2014

"ATM" that dispenses GOLD now available....

...at Resorts World Sentosa and Marina Bay Sands.

See:
http://www.straitstimes.com/news/business/more-business-stories/story/asias-first-gold-dispensing-atms-installed-singapore-20140

This is how one look like:

(Image taken from the above website)

While it's more like a dispensing machine, just like those below, for some reasons, they decides to call it an "ATM" Not wrong as ATM stands for Automatic Teller Machine and teller is associated with banks and you can buy gold from banks as well, but its just weird to be called an "ATM"

(Image credits to its owner)

So will we have GDM - Gold Deposit Machines alongside with Cash Deposit Machines (CDM) in future, where we can deposit used gold into the machines and get cash or money transferred to our bank account?


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