Dominic Wilcox investigates and plays with the idea of value and luxury by taking one of the few free and abundant pleasures in life and making it exclusive, unique and precious.
Read more...September 23, 2009
June 25, 2009
Airport Vending Machine Dispenses Bullion at a Premium
Hoping to offer those in a currency panic a way to offload their rapidly devaluating cash, TG-Gold-Super-Markt is installing vending machines that dispense 1 gram, 5 gram and 10 gram gold bars and coins. A prototype released in the Frankfurt Airport charged $42 for a tiny single gram of gold. The vending machine’s prices are updated every two minutes, but do not reflect global commodity fluctuations—instead offering a 30% premium above the true market price of gold. Recession-addled investors would be well-advised to invest elsewhere.
[via Gizmodo]
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