Gold ATM in India

[ppbob]

It will be interesting to see if people find these trustworthy. Article says Payment is by credit card but ATM implies withdraw from bank?


India ATM Now Dispenses Gold Coins

https://www.newsmax.com/finance/street ... /1099626/

From the outside, it looks just like a regular cash dispenser, but this is India's first ever "gold ATM," delivering gold coins at the click of a button in a country where gold is often seen as a safe and preferred investment.

Set up in the south Indian city of Hyderabad, the gold ATM is the brainchild of GoldSikka and dispenses gold coins that weigh anywhere between 0.5 and 100 grams.

A 100-gram coin is worth around $7,000, making the need to hide your pin number from whoever's waiting in line behind you even more urgent

[boglerdude]

Gov wont allow it to get popular. They want their seigniorage

[Mark Leavy]

A 100-gram coin is worth around $7,000, making the need to hide your pin number from whoever's waiting in line behind you even more urgent

If you're drawing a 100 gram coin, then hiding your pin number from the guy behind you is not the problem...

[dualstow]

Neat! If you search google images, you can see the ATM itself is gold. In a cheesy way, unfortunately.