Gold Vending Machines

A German company is starting to introduce Gold Vending Machines in that country's airports, railway stations and shopping malls. These "Gold-To-Go" ATMs will be capable of dispensing 1-gram, 5-gram and 10 gram gold bars (there are approximately 31.103 grams in an ounce of gold) as well as gold Krugerrand coins.

They must be convinced that this "bringing the gold to the people" strategy will be a success as the company is planning to roll out 500 gold ATMs in Germany, Austria and Switzerland. It will be interesting to see if this works as the premium over spot gold they are charging for the 1-gram bar is reported to be 30 percent - ouch!

When you invest in gold, make sure you shop around to get the lowest premium possible (and it better not be anywhere near 30 percent).

Happy investing.