UAE unveils world’s first gold bar vending machine at Emirates Palace.

The Gold To Go machine, itself covered in 24-carat gold, dispenses one, five and 10 gr bars as well as one ounce bars of gold (Source: The National). Six gold coins of varied weights and engraved with symbols of gold-producing nations Canada, Australia and South Africa, are also dispensed by the machine. About AED175 will buy a one gram bar, AED760 a five gram bar and AED4,645 an ounce. The German-made vending machine is the first of its kind in the world. Gold To Go is protected by a range of security measures, including anti-money laundering software. It also tracks the gold price on fluctuating markets with an inbuilt website that transmits the information every 10 seconds, and updates the price accordingly every 10 minutes.

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