Gold Products From A Vending Machine

In the United Arab Emirates a new sensation has taken over both the press and the

people: the vending machine that can sell bars of one, five and ten grams and one ounce and that is called "Gold-to-Go". Also, one can buy various gold coins ranging from the Canadian Maple Leaf, to Australian Kangaroo and the South African Kruggerands from the golden vending machine.

The gold machine can be found in the Emirates Palace Hotel in Abu Dhabi. The machine is equipped with a self-operating system that shuts down if anything appears to be strange in an operation. A prototype of this machine was installed in Frankfurt airport in June last year. The special vending machine weights half a tone and it is plated with 24 karat gold. The prices of the gold products are updated every 10 minutes but you should know that they are a bit higher than the ones on the market.

A recent survey shows that last year the amount of gold jewelry bought in the Emirates reached 68 tons. The local production of gold was of 36 tons and the three refineries are doubling their production this year.

The glittering metal has proved to be a very safe asset to own these days especially with the crisis in Greece and the fluctuations in the euro zone. If you want to buy you should know that the metal can be found in different forms such as gold coins and bars or gold shares and accounts.

Many people have decided to take the advice of the economists and have started to invest in physical gold. If you believe that gold bars are just too much for you, then you should take into consideration investing in gold coins. Some of the most important coins that can be found on the market are the Kruggerands, the Canadian Maple Leaf Coins, the Australian Kangaroos and also the Austrian Philharmonic gold coins. All you have to do is decide which gold product you feel more comfortable with and then start investing.

by: Kathryn Smith

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