We will see if this latest trend catches on globally. I recall that Germany had implemented similar machines at their train stations last year. Interesting that CNBC is covering this story as typically they are goldphobic. The CNBC link has a short 25 second video that shows the unveiling of the gold ATM.

Gold and silver have been capped at around $1240 and $19.60 over the past couple of days, respectively. The NY cartel may have ended their sharp attacks thus far but capping operations are alive and well.

Regards - VHF

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Gold ATM Debuts in Abu Dhabi

Tim Iacono

May 13, 2010

CNBC reports on the latest developments in selling gold bullion – a gold ATM that dispenses coins and bars up to one-third of an ounce. This follows a wildly successful program in India in which the yellow metal is sold at thousands of post offices throughout the country and plans for gold sales in thousands of branches of one of China’s biggest banks.

In the West, many people scoff at this sort of thing in the mistaken belief that the East is hopelessly behind the times, unappreciative of the many wonders of paper money in the modern world. Of course, the scoffing has decreased significantly over the last couple years.