Originally published May 12, 2010 at 7:40 PM | Page modified May 13, 2010 at 11:23 AM
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Abu Dhabi hotel boasts ATM with golden touch
Abu Dhabi's top hotel is upping the ante in the race for Gulf glitz: adding a gold-dispensing machine. The ATM-style kiosk in the ...
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EBRAHIM ADAWI / AFP/GETTY IMAGES
A man shows a 10-gram gold ingot he purchased from the "Gold to Go" vending machine at the Emirates Palace Hotel in Abu Dhabi. The well-heeled in the Gulf can now grab "gold to go" from a hotel lobby in the United Arab Emirates, when the need for a quick ingot strikes.
EBRAHIM ADAWI / AFP/GETTY IMAGES
An Emirati man tries the "Gold to Go" vending machine at the Emirates Palace Hotel in Abu Dhabi The machine, itself covered in 24-carat gold, dispenses one, five and 10 gram bars as well as one-ounce bars of gold.
ABU DHABI, United Arab Emirates — Abu Dhabi's top hotel is upping the ante in the race for Gulf glitz: adding a gold-dispensing machine.
The ATM-style kiosk in the Emirates Palace monitors the daily gold price and offers small bars up to 10 grams or coins with custom designs.
It's the idea of German entrepreneur Thomas Geissler, who began testing the cash-for-gold machines in his native country in 2009. The Abu Dhabi debut Wednesday was billed as the first international foray for Geissler's "Gold to Go" brand.
Geissler said he picked Abu Dhabi because of its high-rolling atmosphere and the region's traditional ties to gold in commerce.
The unveiling was timed well. Gold hit a record high Wednesday of more than $1,245 an ounce.
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