S&P 500
7,615.20
-0.09%
Dow Jones
51,319.00
-0.10%
Nasdaq 100
30,648.00
-0.22%
Russell 2000
2,928.28
-0.16%
FTSE 100
10,382.60
-0.05%
Nikkei 225
68,226.70
+1.07%

Commodities & Metals

Machines That Dispense Gold Bars Coming To The US

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Invalid Image
A German firm called “Gold to go” plans to introduce gold vending machines in the US before the end of the year. The timing is no doubt intended to coincide with both US elections and the holiday shopping season.

The company has already installed machines in Abu Dhabi, and around Europe, with plans to have 35 machines in place by the end of December. The first US machines will be installed in Florida and Las Vegas.

Customers will be able to use debit cards to buy gold in 1-, 5-, and 10-gram and 1-ounce bars. The machines will also sell South African Krugerrands, Australian Kangaroos, and the Canadian Maple Leaf gold coins.

At about $1,300/ounce, a 1-gram bar will set you back about $46. All bars and coins come in a “precious gift box,” according to the company’s web site. A perfect little stocking stuffer.

The company is missing a great opportunity by not installing one outside the New York Stock Exchange. What better way to get a read on market sentiment than to check the length of the line waiting to buy gold from a machine?

Paul Ausick

DISCLOSURE:
INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA(www.finra.org)/SIPC(www.sipc.org). Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov. Probability of Member receiving $1,000 is a probability of 0.026%; If you don’t make a selection in 30 days, you’ll no longer qualify for the promo. Customer must fund their account with a minimum of $50.00 to qualify. Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees. Investing in alternative investments and/or strategies may not be suitable for all investors and involves unique risks, including the risk of loss. An investor should consider their individual circumstances and any investment information, such as a prospectus, prior to investing. Interval Funds are illiquid instruments, the ability to trade on your timeline may be restricted. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA(www.finra.org) /SIPC(www.sipc.org). There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event. Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire investment Before trading options please review the Characteristics and Risks of Standardized Options  Investing in an Initial Public Offering (IPO) involves substantial risk, including the risk of loss. Further, there are a variety of risk factors to consider when investing in an IPO, including but not limited to, unproven management, significant debt, and lack of operating history. For a comprehensive discussion of these risks please refer to SoFi Securities’ IPO Risk Disclosure Statement This should not be considered a recommendation to participate in IPOs and investors should carefully read the offering prospectus to determine whether an offering is consistent with their investment objectives, risk tolerance, and financial situation. New offerings generally have high demand and there are a limited number of shares available for distribution to participants. Many customers may not be allocated shares and share allocations may be significantly smaller than the shares requested in the customer’s initial offer (Indication of Interest). For more information on the allocation process please visit IPO Allocation.
Follow 24/7 Wall St. on Google
Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Silver Has a Demand Driver That Gold Does Not. Here Is Why SLV Could Benefit From the AI and Solar Boom
David Beren |

Silver Has a Demand Driver That Gold Does Not. Here Is Why SLV Could Benefit From the AI and Solar Boom

When investors talk about precious metals as a store of value, gold tends to dominate the conversation while silver gets…

Fortitude Gold (FTCO) Bounced Back From Its Worst Year, But One Risk Could Unwind the Gains
John Seetoo |

Fortitude Gold (FTCO) Bounced Back From Its Worst Year, But One Risk Could Unwind the Gains

Gold crossed $2,000 in January 2026 and Goldman Sachs lifted its December 2026 price target to $2,500, driven by central…

10 Things You Didn’t Know You Could Buy With a Credit Card
array |

10 Things You Didn’t Know You Could Buy With a Credit Card

[cnxvideo id=”655242″ placement=”prodege”]We love our credit cards. These little rectangles of plastic (or, increasingly, metal) were originally used mostly for…

Jon C. Ogg |

The New Gold Scare… Gold Scams!

If you are a goldbug or if you believe gold is a bubble, one thing is for certain… Investors have…

Jon C. Ogg |

Gold Miners Looking Forward to 2011 (ABX, KGC, AU, NEM, GG, GLD, GDX, GDXJ)

Earnings are out for three large gold miners, and the reviews are mixed. Barrick Gold Corp. (NYSE: ABX), Kinross Gold…

Douglas A. McIntyre |

The Gold Mania That Never Was

Sometime in 2010, gold fever became gold mania and then a gold panic.  Now comes word from Brett Arends of…

4 Gold Stocks to Watch in a Lackluster Industry
247patrick |

4 Gold Stocks to Watch in a Lackluster Industry

These gold-mining stocks are well-poised for growth, backed by their strong balance sheets, efforts to lower costs and growth initiatives.

Jon C. Ogg |

Sterne Agee Defends the Price of Gold and Gold Demand

ThinkstockGold is turning out to be one of the worst investments of modern day portfolios. But what if the rapid…

The Most Expensive Materials on Earth
247patrick |

The Most Expensive Materials on Earth

On a daily basis, we interact with hundreds or thousands of materials that range in complexity from the water we…

Top Gaining Stocks

Hewlett Packard Enterprise
HPE • Vol: 153,197,465
Enphase Energy
ENPH • Vol: 8,360,053
Corning
GLW • Vol: 18,152,646
Alexandria Real Estate Equities
ARE • Vol: 4,337,015
Aptiv
APTV • Vol: 6,761,325

Top Losing Stocks

Trade Desk
TTD • Vol: 21,905,513
Intuit
INTU • Vol: 7,383,018
Coterra Energy
CTRA • Vol: 73,319,495
Cboe Global Markets
CBOE • Vol: 5,000,011
HP
HPQ • Vol: 29,259,826