ATM That Dispenses Gold Instead of Money (Video Included)

 The Emirates Palace Hotel (Dubai) now has an ATM that dispenses Gold instead of Money.
Dispensing 320 items from gold coins to small gold bars, the machine has really hit the spot — with one keen customer even buying every single gold item in stock.

“Soon we will have a customised gold bar with a print of the Emirates Palace logo, which will be a nice souvenir for guests to take home,” said Geissler
The gold-plated ATM uses a computer system to update the gold price every 10 minutes, allowing punters to speculate on moves in the gold price in the local dirham currency with an option to buy on credit cards coming soon.

Click here to read about the ATM in the Herald Sun.

The Emirates Palace Hotel.

Many of the suites offered are furnished in gold and marble. The main central area houses an expansive marble floor, balconies and a large patterned dome above, picked out in gold. The topmost floor has six Rulers’ Suites which are reserved solely for Emirati royalty and dignitaries.

Overall, the hotel has 302 rooms and 92 suites. But, the hotel has 16 Palace Suites on the sixth and seventh floors. 22 three-bedroom suites are reserved for hosting Heads of State or Government, recently for example, Prime Minister Tony Blair and Chancellor Angela Merkel. The cost of staying begins at $400 per night for the Coral Room (floor space of 592 square feet) in the low season; and The Palace Grand Suite (7319 square feet) is the most expensive at $11,500 per night.

“We serve coffee on a silver tray with rose petals, crystallized sugar, a linen napkin, marzipan croissants, a bottle of imported water and the coffee. The ladies get a rose.”

Learn more from Wikipedia

Click here to go on a virtual tour of the Palace, or just look at some pictures.

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6 Responses to ATM That Dispenses Gold Instead of Money (Video Included)

  1. Jill says:

    If only, I had that much money, what a souvenir that would be a gold bar. Or even to stay in the Hotel would really be nice. I love the way they serve the coffee, such luxury.

  2. travelrat says:

    Tony Blair stayed there? On taxpayer’s money, I suppose? However, I don’t suppose Dubai has a Travelodge he could have stayed at.

    Hate to think how much they charge for the coffee … probably as much as a week’s shopping at Tesco … wonder if they give you a discount if you don’t want the rose petals?

    • magsx2 says:

      Hi travelrat,
      Oh Tony Blair would of been there on taxpayers money you can bet on that. He could of stayed at plenty of places in the old part of Dubai for a hell of a lot less, but why should he, it wasn’t his money. Here in Australia our politicians are the same. I’m sure there the same the world over.

      A DISCOUNT on the coffee, hmmm, no I can’t see it myself. 🙂

  3. peter joseph says:

    If only people new the very little gold and outrageous amount of money that is being printed.

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