Gold vending machines, what next?

[North Suran]

For Christ's sake, Abu Dhabi, did you not learn anything from Dubai?

You think they're borrowing for this ATM?

Considering it just had to bail-out Dubai for billions of USD, you'd think they might exercise some fiscal discipline.

[Islamic Hazarastan]

For Christ's sake, Abu Dhabi, did you not learn anything from Dubai?

You think they're borrowing for this ATM?

Considering it just had to bail-out Dubai for billions of USD, you'd think they might exercise some fiscal discipline.

Arab princes whore their cities out to anyone, to get status.

[Sibirsky]

For Christ's sake, Abu Dhabi, did you not learn anything from Dubai?

You think they're borrowing for this ATM?

Considering it just had to bail-out Dubai for billions of USD, you'd think they might exercise some fiscal discipline.

The ATM is privately owned. And went into a hotel. I don;t see the issue. Besides, you're talking about billions in bailouts. The ATM is only tens of thousands.

[Kreanoltha]

I actually like the idea. It has a very nice profit margin.

[Self--Esteem]

Gold vending machines for when you think inflation will ruin the value of your dollar in the 15 minutes it would take you to get to the gold dealer.

Isn't inflation calculated on a daily basis, rather than gold which is re-calculated nearly every 10 minutes?

Gold is exchange traded and is calculated tick by tick.

I know how gold (actually all resources) are calculated. I heavily invest in them.

[Sibirsky]

Gold vending machines for when you think inflation will ruin the value of your dollar in the 15 minutes it would take you to get to the gold dealer.

Isn't inflation calculated on a daily basis, rather than gold which is re-calculated nearly every 10 minutes?

Gold is exchange traded and is calculated tick by tick.

I know how gold (actually all resources) are calculated. I heavily invest in them.

So why would you say 10 minutes? That's wrong.

[Self--Esteem]

Gold vending machines for when you think inflation will ruin the value of your dollar in the 15 minutes it would take you to get to the gold dealer.

Isn't inflation calculated on a daily basis, rather than gold which is re-calculated nearly every 10 minutes?

Gold is exchange traded and is calculated tick by tick.

I know how gold (actually all resources) are calculated. I heavily invest in them.

So why would you say 10 minutes? That's wrong.

Whoops.

Forgot I wrote that.

Yes. 10 minutes is wrong then. I am slightly confused today.

I myself usually check every 10 minutes, whenever I want to buy something. Probably not the most effective way, but I am no "mega-investor" so it's probably ok.

[Sibirsky]

Gold vending machines for when you think inflation will ruin the value of your dollar in the 15 minutes it would take you to get to the gold dealer.

Isn't inflation calculated on a daily basis, rather than gold which is re-calculated nearly every 10 minutes?

Gold is exchange traded and is calculated tick by tick.

I know how gold (actually all resources) are calculated. I heavily invest in them.

So why would you say 10 minutes? That's wrong.

Whoops.

Forgot I wrote that.

Yes. 10 minutes is wrong then. I am slightly confused today.

I myself usually check every 10 minutes, whenever I want to buy something. Probably not the most effective way, but I am no "mega-investor" so it's probably ok.

If you're not a "mega-investor" I would say that's overkill. But, it's your money. If you're happy, then that's fine.

[Coccygia]

Gold vending machines: for the wealthy Arab who has run out of ideas about how to spend his money.

(Semi-)seriously, this may be the first sign that the price of gold is about to collapse...which, IMHO, it's going to do sooner or later.

And you are basing this opinion on the fact that governments are printing massive amounts of gold?

No, I'm basing on the fact that the price of gold has recently rapidly tripled, and that gold is being bought and sold right and left even to the common folk. Looks very like a bubble to me. Maybe the price of gold will continue to rise for a while, but sooner or later it's going to drop back down to a reasonable price. When that happens a lot of people who bought gold are going to regret it. It's like recent the real estate boom, or the Dutch tulipmania. Items were priced far beyond their real value, and inevitably the boom went bust, as they usually do.

As I have no gold and no money to buy any, I'm safe.

And wouldn't it be funny if this post precipitated the fall in gold prices? "The recent collapse in the price of gold has been traced to a posting in NationStates. The SEC and the Justice Department are currently investigating."

[Self--Esteem]

Gold vending machines for when you think inflation will ruin the value of your dollar in the 15 minutes it would take you to get to the gold dealer.

Isn't inflation calculated on a daily basis, rather than gold which is re-calculated nearly every 10 minutes?

Gold is exchange traded and is calculated tick by tick.

I know how gold (actually all resources) are calculated. I heavily invest in them.

So why would you say 10 minutes? That's wrong.

Whoops.

Forgot I wrote that.

Yes. 10 minutes is wrong then. I am slightly confused today.

I myself usually check every 10 minutes, whenever I want to buy something. Probably not the most effective way, but I am no "mega-investor" so it's probably ok.

If you're not a "mega-investor" I would say that's overkill. But, it's your money. If you're happy, then that's fine.

Prices really aren't that changing over a few minutes (I am more into silver) and the difference is marginal.

I usually end up buying it around the best time, no matter what. I simply "satellite" the prices for a couple of hours, try to foresee the outcome and hit the order button by the time I think the price is right.

Doing this, I ended up paying only $18.30US/oz for my last silver order.

[Sibirsky]

Gold vending machines: for the wealthy Arab who has run out of ideas about how to spend his money.

(Semi-)seriously, this may be the first sign that the price of gold is about to collapse...which, IMHO, it's going to do sooner or later.

And you are basing this opinion on the fact that governments are printing massive amounts of gold?

No, I'm basing on the fact that the price of gold has recently rapidly tripled, and that gold is being bought and sold right and left even to the common folk. Looks very like a bubble to me. Maybe the price of gold will continue to rise for a while, but sooner or later it's going to drop back down to a reasonable price. When that happens a lot of people who bought gold are going to regret it. It's like recent the real estate boom, or the Dutch tulipmania. Items were priced far beyond their real value, and inevitably the boom went bust, as they usually do.

As I have no gold and no money to buy any, I'm safe.

And wouldn't it be funny if this post precipitated the fall in gold prices? "The recent collapse in the price of gold has been traced to a posting in NationStates. The SEC and the Justice Department are currently investigating."

Define collapse please. Gold may correct 10-20% perhaps a bit more. I would not call it a collapse. And unless people are borrowing money and paying interest only on their loans to buy gold, I'd say it has very little similarity to the real estate boom. Gold is a pretty good store of value.

Your other points, that it is being heavily advertised to everyone, and that even common folk as you call them are buying is indeed very bubbly. Again, I don't see more than a 20-25% drop. And after that happens, it will continue on it's trend. Up, up and away.

[Sibirsky]

Gold vending machines for when you think inflation will ruin the value of your dollar in the 15 minutes it would take you to get to the gold dealer.

Isn't inflation calculated on a daily basis, rather than gold which is re-calculated nearly every 10 minutes?

Gold is exchange traded and is calculated tick by tick.

I know how gold (actually all resources) are calculated. I heavily invest in them.

So why would you say 10 minutes? That's wrong.

Whoops.

Forgot I wrote that.

Yes. 10 minutes is wrong then. I am slightly confused today.

I myself usually check every 10 minutes, whenever I want to buy something. Probably not the most effective way, but I am no "mega-investor" so it's probably ok.

If you're not a "mega-investor" I would say that's overkill. But, it's your money. If you're happy, then that's fine.

Prices really aren't that changing over a few minutes (I am more into silver) and the difference is marginal.

I usually end up buying it around the best time, no matter what. I simply "satellite" the prices for a couple of hours, try to foresee the outcome and hit the order button by the time I think the price is right.

Doing this, I ended up paying only $18.30US/oz for my last silver order.

I'm just saying they move all the time. I used to have a streaming gold feed on my previous system.

[Self--Esteem]

Gold vending machines for when you think inflation will ruin the value of your dollar in the 15 minutes it would take you to get to the gold dealer.

Isn't inflation calculated on a daily basis, rather than gold which is re-calculated nearly every 10 minutes?

Gold is exchange traded and is calculated tick by tick.

I know how gold (actually all resources) are calculated. I heavily invest in them.

So why would you say 10 minutes? That's wrong.

Whoops.

Forgot I wrote that.

Yes. 10 minutes is wrong then. I am slightly confused today.

I myself usually check every 10 minutes, whenever I want to buy something. Probably not the most effective way, but I am no "mega-investor" so it's probably ok.

If you're not a "mega-investor" I would say that's overkill. But, it's your money. If you're happy, then that's fine.

Prices really aren't that changing over a few minutes (I am more into silver) and the difference is marginal.

I usually end up buying it around the best time, no matter what. I simply "satellite" the prices for a couple of hours, try to foresee the outcome and hit the order button by the time I think the price is right.

Doing this, I ended up paying only $18.30US/oz for my last silver order.

I'm just saying they move all the time. I used to have a streaming gold feed on my previous system.

Ok. Now that you say it. I actually thought of it.

Stupid me never realized that there were desktop applets. Could probably make the whole thing more effective than browsing the courses.

[Sibirsky]

Gold vending machines for when you think inflation will ruin the value of your dollar in the 15 minutes it would take you to get to the gold dealer.

Isn't inflation calculated on a daily basis, rather than gold which is re-calculated nearly every 10 minutes?

Gold is exchange traded and is calculated tick by tick.

I know how gold (actually all resources) are calculated. I heavily invest in them.

So why would you say 10 minutes? That's wrong.

Whoops.

Forgot I wrote that.

Yes. 10 minutes is wrong then. I am slightly confused today.

I myself usually check every 10 minutes, whenever I want to buy something. Probably not the most effective way, but I am no "mega-investor" so it's probably ok.

If you're not a "mega-investor" I would say that's overkill. But, it's your money. If you're happy, then that's fine.

Prices really aren't that changing over a few minutes (I am more into silver) and the difference is marginal.

I usually end up buying it around the best time, no matter what. I simply "satellite" the prices for a couple of hours, try to foresee the outcome and hit the order button by the time I think the price is right.

Doing this, I ended up paying only $18.30US/oz for my last silver order.

I'm just saying they move all the time. I used to have a streaming gold feed on my previous system.

Ok. Now that you say it. I actually thought of it.

Stupid me never realized that there were desktop applets. Could probably make the whole thing more effective than browsing the courses.

I forget whom I used. It was a European FX broker with a Meta Trader 4 platform. Saxo Group maybe? I forgot, this was maybe 3-4 years ago.

[Drakonaj]

Am I the only thinking of the elaborate robberies or potentially heist movies this thing is going to make?!?!?

[Islamic Hazarastan]

Am I the only thinking of the elaborate robberies or potentially heist movies this thing is going to make?!?!?

Arab countries are restricted to terrorist plots in movies.

[Rhodmhire]

Vending machines with dead puppies in them so I do not have to kill them myself.

A roasted dead puppy vending machine would be nice, hell a roasted & stuffed dead puppy vending machine would be superb, a roasted & stuffed dead baby vending machine--unparagoned.

But hey, why should I rush the stream of time? I am content.

EDIT: The heck with it, a Sibirsky-post vending machine is what we need to work towards.

That way I do not need to vent voluminous rage when I come on the second after he leaves. -_-