Striking it rich: ATM spits out gold bars to those who can afford

WHAT: Gold To Go machines

WHY: Shopping malls provide plenty of opportunities for upscale shopping, but a Boca Raton, Fla., venue has taken it up a level with an ATM that forks out gold bars. The German company that makes the machines says its product is attractive to serious investors looking to bypass the hassle of pawn shops when trying to purchase gold. The machine comes with 320 pieces of various-sized bars and coins. A 2-gram piece of gold costs $122 and an ounce is $1,442.

THE OUTRAGE: At a time when many Americans are struggling to scrap together pennies to pay bills and purchase Christmas presents, the flashy excess represented by the machines — which debuted in the wealthy United Arab Emirates — is a bit too much.

Daily OutrageOpinionOther OpinionSFExaminer

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/
Previous story
Should Michael Steele stay as RNC chairman?
Next story
Examiner Editorial: Which part of 'no' doesn't Harry Reid understand?

Just Posted

Legislation by Supervisor Rafael Mandelman would require The City to add enough new safe camping sites, such as this one at 180 Jones St. in the Tenderloin, to accomodate everyone living on the street. (Kevin N. Hume/S.F. Examiner)
City would create sites for hundreds of tents under new homeless shelter proposal

Advocates say funding better spent on permanent housing

A construction worker rides on top of materials being transported out of the Twin Peaks Tunnel as work continues at West Portal Station on Thursday, August 16, 2018. (Kevin N. Hume/S.F. Examiner)
SFMTA’s poor track record on capital projects risks losing ‘public trust’

Supervisors say cost overruns and delays could jeapordize future ballot revenue measures

Roger Marenco, president of operators union TWU Local 250-A, speaks at a news conference outside the Muni Kirkland Yard announcing Muni will not be increasing fares on Wednesday, June 10, 2020. (Kevin N. Hume/S.F. Examiner)
SFMTA’s union leader encourages riders to say ‘thank you’ to their Muni operators

A conversation with Roger Marenco, president of Transport Workers Union of America, Local 250A

Supervisor David Canepa (front) announced a $2 million grant to allow 500 San Mateo County residents to attend community college for free. Behind him from left to right stand students Daniela Sanchez-Sevilla, Alec Guiulfo, Mikayla Balan and Fernando Martin Montanes. (Courtesy photo)
$2 million grant allows 500 San Mateo County residents to attend community college for free

A $2 million grant could allow a total of 2,500 San Mateo… Continue reading

San Francisco’s live music clubs have been closed for more than a year. (Twitter screenshot)
S.F. venue recovery fund begins accepting grant applications

Entertainment presenters may apply from April 21-May 5

Most Read