Vacationers passing through airports in Britain could soon have the opportunity to purchase a block of gold from a vending machine, rather than a chocolate bar or a fizzy drink.
A German-based company, TG Gold-Super-Markt, has just installed a sophisticated machine automatic gold at Frankfurt airport and has plans to launch 500 machine at airports and train stations in Europe, including Britain.
The machines sell everything from small bars intended as a gift, as a 1 gram bars for about € 30, aimed more at large bullion investors - one gram costs about € 10 bar 245 - or gold coins like the Maple Leaf ( approximately € 108) or kangaroo (about € 85).
The computer-controlled machine that is constantly updated offering price of Gold-Super-Markt 20pc claims are lower than those charged by banks.
"The installation of the 'Gold To Go' vending machine with the latest technologies at the airport in Frankfurt is an acceptance test for TG Gold-Super-Markt first of 500 permanent sites can be launched in Germany, Austria and Switzerland," Geissler said Thomas, the 'CEO of Gold TG-Super-Markt. Related Articles
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"Agreements for the cities or states, and licenses are offered to support the country's potential for international expansion." A spokesman added: "There is already interest in the world, and Gold-Super-Markt meet demand within the shortest possible time positions If you are interested in British or American Gold To Go vending machines, may require a license .. "
Many private investors have been buying gold during the economic crisis, as it is a traditional "safe haven" in times of turbulence and is seen as a reliable store of value when inflation is expected. Some commentators think inflation will be the inevitable result of the program of "quantitative easing", or printing money that many central banks have undertaken.
There was talk of people holding parties of gold, which is a dinner where the guests is an experienced professional. So rather than bring a bottle of wine you can bring gold jewelry for cash.
The figures suggest that small brokers gold investors are buying physical gold, such as bars and coins, as well as the so-called "gold card" - the shares of gold and gold funds or exchange-traded funds (ETFs) - most far greater quantities than a year ago.
According to the World Gold Council, the retail investors around the world, has purchased 131 tons of gold in the first three months of this year, an increase of 33PC.
Daniel Wills of ETF Securities, said: "Inflation is starting to loom large Historically, high inflation is associated with high returns for the gold.". Inflows of gold of his company - the amount customers are buying - have doubled from $ 770ma year ago to $ 1.5 billion.
The price of gold, while highly volatile, rose from 870 dollars one troy ounce in April to about $ 940 this week.
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