The twain shall surely meet if these vending machines should start selling the US Gold and Silver eagles! (got eagles?)
LONDON (Commodity Online) : Largest Gold producer and second largest to India in consuming, China will become the sixth nation to open a gold vending machine for its people.
According to reports, China is all set to open vending machines from Sept 23, made by the same German company TG Gold Super Market that supplied machines to other countries, at locations in Beijing which was not revealed.
The cash-for-gold machines will be on trial at Beijing’s upscale night clubs and private banks during the initial period for security reasons
The ATMs dispense Gold bars weighing up to 2.5 kilograms and work just like the normal ATMs. The machines can accept both cash and credit cards.
Gold vending machines are now operating in the US, UAE, Germany, Spain and Italy.
