ECON How to buy Gold?: Vending Machine!

Loon

Inactive
U.S. to get first ‘Gold to go' ATM vending machine in Boca Raton
Small Florida company PMX Gold launches the first ATM-type vending machine for gold bars and coins in conjunction with the German company which developed the technology.

Author: Lawrence Williams
Posted: Saturday , 18 Dec 2010

LONDON -


In yet another sign that gold could be entering Phase 3 of its ongoing bull market, visitors to the Town Center Mall in Boca Raton, Florida, will be able to ‘withdraw' .999 Pure Credit Suisse Gold Bullion Bars and U.S. minted American Eagle gold coins from an ATM style machine. The machine is being installed on a three-month trial basis and is using the German technology which has been utilised in similar machines which are now located in 12 countries.

These GOLD to go® vending machines are effectively unmanned points of sale giving the user the opportunity to purchase gold bars and coins of assured quality, with the ease-of-use of a vending machine. The vending machine is said to be largely burglar-proof and tamper-resistant. It is said to have excellent user guidance, which makes it very easy to handle. The gold price on which the sales are based at the point of sale is updated real time every 90 seconds via the internet.



The Boca Raton machine is being launched by PMX Gold LLC in conjunction with Ex Oriente Lux AG of Reutlingen in Germany, which is the owner of the technology involved. The agreement between the companies involves test marketing of the concept in Florida on a 3-month exclusive basis, and PMX gold will also assist the German company in seeking additional test markets and licensing opportunities throughout the U.S. on a non-exclusive basis.



PMX Gold is a wholly-owned subsidiary of little known small Florida company - PMX Communities, Inc. of Boca Raton - which describes itself as a development stage company with diverse interests focused on certain performance based sectors of the economy. PMX Gold id described as focusing on the development of leveraged opportunities within the international precious metals and mining markets. As recently as June PMX Communities only had sufficient working capital to last it between 30 and 60 days according to a report on published on Bloomberg, but presumably has had a capital injection since then. PMX Communities is quoted on the OTC market (OTCBB: PMXO) with a market capitalisation of $14.65 million at its latest share price of 26 cents.

http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=117192&sn=Detail&pid=102055
 

vessie

Has No Life - Lives on TB
The machines might be burglar-proof and tamper-resistant but the predators will be watching and waiting as the prey use the machines. I hope who ever buys from these machines knows enough to watch their backs. V
 

egads

Veteran Member
I can only imagine the "up" charge there will be. The cost over spot plus the credit card service fee they will be charging.
 

Kent

Inactive
U.S. to get first ‘Gold to go' ATM vending machine in Boca Raton
Small Florida company PMX Gold launches the first ATM-type vending machine for gold bars and coins in conjunction with the German company which developed the technology.

The vending machine is said to be largely burglar-proof and tamper-resistant. It is said to have excellent user guidance, which makes it very easy to handle. The gold price on which the sales are based at the point of sale is updated real time every 90 seconds via the internet.

Wonder when someone will hack the site and buy gold at $1.50 an oz?
 
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