That’s Gold

Gen Y (1982 - 2000)

5 April 2011

We all love the ease of use of ATM’S, but we’ve never experienced the sort of machines they have in the United Arab Emirates in the Middle East.

Our modest ‘handibanks’ only dispense good old cash, but one of the ATM’s situated in an Abu Dhabi hotel spits out gold.

Customers using the machine can receive one-gram, five-gram and 10-gram bars of gold as well as authentic gold coins.

And just for a little bit more of the Midas touch, the machine itself is gold plated.

Hotel general manager Hans Olbertz says the machine was installed so the establishment could give its customers “the golden service”.

This has to be one situation where cash is not king.

 

 

 

IFA – Issue 515 / July 26 – August 01, 2010

You may also like

STRATEGY GUIDE: Tax on Super & Division 296

STRATEGY GUIDE: Tax on Super & Division 296

Jun 30, 2025

One of the most talked about tax legislation changes that will impact less than 0.5% of the Australian adult population is Division 296.The main controversy of course is that the limit of $3m in super or above, is not indexed. So most young adults today will be...

read more
MONEY GUIDE: Setting up an SMSF

MONEY GUIDE: Setting up an SMSF

Jun 30, 2025

Setting up an SMSF can be complicated. Not getting it right can materially affect your financial situation and retirement plans.The first question you need to be sure about is whether an SMSF is the right fit. Seeking specialised financial advice can help you...

read more
Market implications for rising risks in the Middle East

Market implications for rising risks in the Middle East

Jun 30, 2025

The recent escalation of hostilities between Iran and Israel, now involving direct US military action, has created a complex environment for global investors. Over the past few days, markets have reacted with modest levels of volatility but have largely maintained...

read more