Gold Sold Like Candy from German Vending Machines

Telegraph: TG-Gold-Super-Markt aims to introduce the machines at 500 locations including train stations and airports in Germany. The company, based near Stuttgart, hopes to tap into the increasing interest in buying gold following disillusionment in other investments due to the economic downturn. Gold prices from the machines – about 30 per cent higher than market prices for the cheapest product – will be updated every few minutes.
June 17, 2009 at 5:49 pm - Bloomberg
Dateline: Stuttgart, Germany
Gold Sold Like Candy from German Vending Machines — ButAsForMe   June 17th, 2009 - 6:10 pm

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Markus   June 17th, 2009 - 6:25 pm

Gold has not been a good investment since 1983.
Just to get EVEN since 1983, gold should be $1800 in today’s dollars right now due to inflation reducing the value of the dollar since then. Gold you bought at $400 then is worth $144 now in 1983 dollars. Even though the price has gone up the value of the dollar has gone down due to inflation far more.

Don’t forget the gov’t seized all private owned gold except some antique coins in 1934 and they can do that again. If you leave it in a deposit box and the gov’t finds it after a death in the family they will assume that tax has not been paid on it and they will tax it.

HOW LONG?   June 17th, 2009 - 6:35 pm

How long before thieves figure out how to crow-bar their way into the vending machines and drain them of their pretty gold contents?
:-D

Gold Sold Like Candy from German Vending Machines : PORT☆CITY☆UNDERGROUND   June 17th, 2009 - 7:09 pm

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Tired of gangster scum   June 17th, 2009 - 8:23 pm

This would not work in the USA, our “Acorn” gangsters would steal the whole damm machine. The gangsters would steal our homes if they were not so heavy(seriously).

racerx   June 18th, 2009 - 1:39 am

It’s no surprise that they put gold in there rather than American dollars. This is another canary in a coal mine regarding the dollar as the world’s only reserve currency, as well as our economy over all.
I hope I’m wrong, but I don’t think so.

http://www.globalresearch.ca/index.php?context=va&aid=13997

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