Thursday 1 September 2011
Posted by
Admin Hijrah Dinar
Posted by Adam Sharp - Tuesday, July 5th, 2011
Gold vending machine operator Gold-to-Go has installed its first machine in London.
From The Telegraph:
Gold-to-Go is expanding their presence in the US, as well. The price mark-ups are significantly higher than spot, but there's an interesting story behind the entertaining concept.
The trend shows just how strong demand for alternatives to paper money has become.
Inflation is picking up across the globe, as central banks debase their currencies with low interest rates and ongoing monetary "stimulus" programs.
Everyday consumers, not just gold bugs, are catching on to the importance of protecting purchasing power. Owning hard assets, like gold and silver, is a great way to do it.
Speaking of "poor man's gold", I'd love to see someone launch a silver ATM. Silver is more affordable for the average person, and would allow consumers to pick up bullion in small amounts. As long as the mark-up wasn't too high, I bet it'd be a success.
Gold vending machine operator Gold-to-Go has installed its first machine in London.
From The Telegraph:
The company behind the gold bar vending machines plans to install 50 across Britain over the next few years, allowing ordinary shoppers to invest in the precious metal as an investment.
Gold-to-Go is expanding their presence in the US, as well. The price mark-ups are significantly higher than spot, but there's an interesting story behind the entertaining concept.
The trend shows just how strong demand for alternatives to paper money has become.
Inflation is picking up across the globe, as central banks debase their currencies with low interest rates and ongoing monetary "stimulus" programs.
Everyday consumers, not just gold bugs, are catching on to the importance of protecting purchasing power. Owning hard assets, like gold and silver, is a great way to do it.
Speaking of "poor man's gold", I'd love to see someone launch a silver ATM. Silver is more affordable for the average person, and would allow consumers to pick up bullion in small amounts. As long as the mark-up wasn't too high, I bet it'd be a success.
Category:
Gold Saving / Investment
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