The five-star Emirates Palace Hotel installed the bullion ATM in its lobby as the first permanent gold vending machine in the world.
Guarded by armored guards. It sells 24-carat gold bars weighing 1, 5, and 10 grams as well as gold coins from Canada, Australia, and South Africa. Each comes in a sweet-looking black case.
The pricing of the bars is based on a mix of London and New York spot gold markets, with a small premium built in. No sales staff are needed to operate the machine. All bars sold are 24 carat and every item comes with a money-back guarantee.
Golf bar weighing 10 grams or more will have the Emirates Palace hologram embossed on it.