Gold Bar Vending Machines

Tucked in the most unassuming corner surrounded by cash dispensing machines, chocolate and water dispensing machines are gold bar vending machines. Gold is not exactly an impulse purcahse but the gold bar vending machines have been a huge hit with customers who come shopping regularly to the various malls across many cities in which these gold bar vending machines have been installed.

The Beginning:

The gold bar vending machine has been manufactured by the German company Ex Orietnte Lux whose name literally translates into light from the east. Beginning with the UAE this German company has now launched the gold bar vending machines across Europe and North America. It all began as a very simple idea that was to capitalize on the sentiment of gold being the safest investment. While everyone would like to see their money multiply not everyone has the risk taking ability.

Also most low risk investors would make excuses for not investing in even gold citing the difficult procedures one has to navigate to procure gold for investment. Hence Ex Oriente Lux has started the gold bar vending machines to make investment in gold much easier for the low risk investor. The whole concept is so simple that it has left many vending machine manufacturing companies wondering why they never came up with such a novel but simple concept before.

The gold bar vending machine is directly linked to the stock markets and updates the price of the gold every 10 minutes and the price is based on the spot price of gold.

Customer Response:

The gold bar vending machine though a novel and simple concept has attracted many raised eyebrows. The launch saw many inquisitive customers lining up to inspect the machine. The gold bar vending machine still receives a steady flow of inquisitive customers each day who find the concept a little too novel to get something as alluring as gold from a vending machine. Most of the customers who lined up to purchase the gold bars from the vending machines were there to simply purchase a gold bar and keep it as a souvenir not so much as an investment.

Types of Gold Bars:

The gold bar vending machine has different types of gold bars to choose from according to your budget. You can purchase the 1 gram or 2.5 gram gold or the 5 gram gold bar. The gold bar vending machine also has coins of 1 ounce and gold bars of 250 grams. The gold bars of 250 grams are the costliest gold bars vended from the machines.

Working:

The gold bar vending machine first requires the deposition of cash as calculated by the vending machine. Once the customer has deposited the money and the machine has accepted the payment a matt finished black gift box appears from where normally we are used to seeing chocolates and water bottles being vended. Inside the black gift box is the gold bar of chosen weight sealed inside a plastic covering which bears a hologram label of anti-counterfeiting.

The black gift box also contains information about the sale, the price per gram, purity and a return policy. The customer has 10 days time to return the gold bar to the machine and claim the money back.

Safety:

The gold bar vending machines are not manned by any armed guards since the state of the art technology used for protection will have thieves contending with advanced technology alarm systems and strong reinforced steel. Hence the company Ex Oriente Lux famously remarked that it would cost the thieves more to get out the gold than profit from the gold inside each machine.

Hence the next time you find a gold bar vending machine consider investing in the safest investment available, gold.

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