News Bulletin

ATM for billionaires

How is it that we can get gold leafing, yet still can't grow a gold tree in the backyard?  While a money-tree and golden-egg-laying goose may be far on the mythical horizon, a real-life hole in the wall that dispenses gold bars is just beyond ours.

If it was going to be anywhere, surely Abu Dhabi's Emirates Palace Hotel was the place - boasting to be the most luxurious hotel in the United Arab Emirates, the elite hotel has raised the bar by installing a gold-dispensing ATM.

According to the UK Telegraph, the machine is coated with a thin layer of gold and offers customers 320 items to choose from, ranging from gold bars that can weigh up to 10 grams, to customised gold coins. A computer system updates every 10 minutes to keep the price in check with international markets.