The gold vending machine has taken everybody by surprise when a German company introduced it on the market, last year. Now there are 10 such ATMs all over the world, but the company was hoping to raise their number to 500 units worldwide. For the moment, the vending machines have been placed only in economically stable countries like the Emirates, the USA and Germany.
When it comes to judging the benefits and the disadvantages of the gold vending machines, the world is divided into two. On the one hand, there are those who support this initiative; on the other hand, there are the skeptics who don't think that the prospect of Gold to Go will be accepted on the market. For the moment, these ATMs may be found in famous hotels and airports where people can purchase gold coins and bars illustrating the national symbols of the countries they are sold in.
Due to these vending machines, the precious metal has become very accessible to all categories of people. In addition, the gold may be tested before purchase, so the method is much more reliable than the Internet. However, customers can only purchase 2 ounces of gold at once and this restriction is said to prevent many investors from using ATMs. Thus, the Gold to Go machines will most likely be used by wealthy travelers and small investors.
The second aspect that was disliked by investors was the expensive prices of the gold ounce. As a matter of fact, the gold that is sold through vending machines is far more expensive than the one that may be found on the market; therefore, big investors will keep aloof from gold vending machines because they don't want to register a diminution of their profit.
Buying gold from the Internet is a difficult job for an inexperienced buyer who may fall victim to lots of frauds. For them, it is easier and safer to purchase gold from an ATM because the German company guarantees to have the purest gold on the market. On top of that, the warranty enables the buyer to replace the gold products if these present faults.
Investing in tangible products is a good method of staying ahead of the economic recession, so regular people should purchase gold from ATMs. Even tough, experts believe that the gold vending machines will not last on the market, we have strong reasons to believe that the gold coins that are sold through ATMs will become a lot more expensive in the future due to their exclusiveness.
When it comes to judging the benefits and the disadvantages of the gold vending machines, the world is divided into two. On the one hand, there are those who support this initiative; on the other hand, there are the skeptics who don't think that the prospect of Gold to Go will be accepted on the market. For the moment, these ATMs may be found in famous hotels and airports where people can purchase gold coins and bars illustrating the national symbols of the countries they are sold in.
Due to these vending machines, the precious metal has become very accessible to all categories of people. In addition, the gold may be tested before purchase, so the method is much more reliable than the Internet. However, customers can only purchase 2 ounces of gold at once and this restriction is said to prevent many investors from using ATMs. Thus, the Gold to Go machines will most likely be used by wealthy travelers and small investors.
The second aspect that was disliked by investors was the expensive prices of the gold ounce. As a matter of fact, the gold that is sold through vending machines is far more expensive than the one that may be found on the market; therefore, big investors will keep aloof from gold vending machines because they don't want to register a diminution of their profit.
Buying gold from the Internet is a difficult job for an inexperienced buyer who may fall victim to lots of frauds. For them, it is easier and safer to purchase gold from an ATM because the German company guarantees to have the purest gold on the market. On top of that, the warranty enables the buyer to replace the gold products if these present faults.
Investing in tangible products is a good method of staying ahead of the economic recession, so regular people should purchase gold from ATMs. Even tough, experts believe that the gold vending machines will not last on the market, we have strong reasons to believe that the gold coins that are sold through ATMs will become a lot more expensive in the future due to their exclusiveness.
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