Gold Vending Machine Lands In South Florida

by Deidre Woollard (RSS feed)
Dec 21st 2010 at 4:01AM

Over the summer I saw a gold-dispensing vending machine displayed in Las Vegas, now shoppers in South Florida can buy gold from a machine in a local mall. The first Gold to Go machine in the U.S. has been installed at an upscale mall in Boca Raton. The company's first machine went in at the Emirates Palace hotel in Abu Dhabi and since then they have popped up around Europe. According to a report in the AP, the Abu Dhabi machine is so busy it has to be restocked every couple of days. The machine in Boca Raton works like an ATM and dispenses gold encased in a small black box with a tamperproof seal.

Prices are refigured every 10 minutes to reflect the price of gold (plus packaging, certification and a 5% markup). The machine holds 320 pieces of different-sized bars and coins. Because it will hold around $150,000 in cash and gold, it will have the attendance of an armed bodyguard as well as being watched by several live security cameras.

Tags: BocaRaton, Gold to go, gold vending machine, Gold vending machines