That’s Gold

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

Make a Retirement Plan

Most people when thinking about retirement ask ‘How much capital in super to I need?' This is a fair question but the wrong questions to start with. The first question is, how much income do we need to live and meet my retirement lifestyle goals?   The following...

read more

What you need to know about Superannuation in 2024

A brief guide to the new rules and how they affect you. Introduction Superannuation is one of the most important ways to save for your retirement. But the rules and regulations around it can be confusing and change frequently. That's why we've prepared this article to...

read more
Investment & Economic Snapshot April 2024

Investment & Economic Snapshot April 2024

As of April 2024 Highlights Risk aversion and moderating expectations for interest rate cuts pressure bond and equity markets. Australian and US inflation data releases came in higher than expected as services inflation remains elevated. Geopolitical tensions...

read more