That’s Gold

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

The Federal Budget May 2026

The Federal Budget May 2026

Big Changes are here. The 2026–27 Federal Budget brings major changes to Australia’s tax landscape. With updates to super, CGT, negative gearing, and trusts, now’s the time to review your strategy and plan ahead with confidence.  Tax Reform | Boosting Home Ownership:...

read more
Investment & Economic Snapshot April 2026

Investment & Economic Snapshot April 2026

As of April 2026 Summary  In April, global markets recovered much of the drawdown experienced in March. A fragile ceasefire between the US and Iran took hold, and while the Strait of Hormuz briefly reopened to traffic, restrictions were reimposed later in the month....

read more
STRATEGY GUIDE: Tax on Super & Division 296

STRATEGY GUIDE: Tax on Super & Division 296

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