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

Investment & Economic Snapshot July 2026

Investment & Economic Snapshot July 2026

In summary Volatility returned to Global markets in July, with renewed tensions in the Middle East causing a whipsawing in the price of crude oil, which rose by 37% intra-month before closing July at $85. The Australian equity market outperformed global equities in...

read more
Investment & Economic Snapshot 2026 FY in review & outlook

Investment & Economic Snapshot 2026 FY in review & outlook

2026 Financial year in review The Financial Year 2026 was a strong year for global equities, driven by beneficiaries of the artificial intelligence (AI) infrastructure build-out that favoured US technology companies and select emerging markets. Australian equities...

read more
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