A South Florida vending machines company has deployed the very first vending machine in the United States that sells gold coins and gold bars to consumers. Consumers deposit cash in the machine to complete a purchase. The so-called Gold to go ATM dispenses .999 pure Credit Suisse gold bullion bars and U.S. minted American Eagle Gold Coins.
PMX Gold, the machine's owner, lately deployed the vending machine in the Town Center Mall in Boca Raton, Florida, a prosperous community in Palm Beach County. Similar machines have been deployed in 12 locations in Germany, Spain, Italy and Dubai. After the company installed the machine there is a very nice crowd around it because everybody likes gold. The company also has employees showing customers how to operate the machine. PMX Gold deployed the machine as part of a three-month pilot to gauge whether there is a market in the United States for the vending machine.
There was very strong demand for gold and it appears that the gold industry is headed for a record year. Demand for gold jewelry in China and India, coupled with a revival in the use of gold by industry, are key factors driving up gold tonnage and gold prices. The most important dynamic driving up gold prices is the difficult economies in some countries. Although the gold-dispensing machine has been installed in a hotel in Dubai, the vending machine will be used as a vehicle to sell gold to a wider consumer audience. Officials of PMX Gold believe the machine will bring gold to the masses. The growing demand for gold, however, means that PMX Gold might have deployed its machine at the right time in the United States so willing consumers can benefit from the increase in gold prices.
But industry observers don't consider the machine an ATM, even though company officials referred to it as the Gold to go ATM. It's considered gold dispensers more of a novel application for a kiosk than an ATM. Even PMX Gold refers to the so-called ATM as the "Gold Bullion Vending Machine." The mall spokesperson also called the apparatus a vending machine. They have entered into an agreement with Ex Oriente Lux AG, the owner of the technology, to conduct test marketing on an exclusive basis in the State of Florida during an initial three-month period, and, on a non-exclusive basis, to assist such company (Ex Oriente Lux AG) in looking for additional test markets and licensing and franchising opportunities within the United States.
The South Florida vending machines in Boca Raton are permanently online and adjust prices every 90 seconds to reflect the latest market price of gold. The Gold to go ATM sells gold for $150 to $1,400. In accordance to the company's internet site, PMX Communities, Inc., parent company of PMX Gold, it's based in the business incubator Park of Florida Atlantic University, which is also situated in Boca Raton. Gold bullion products are becoming more and more sought after as a hedge against uncertainty, and gold continues to hit all-time record highs.
PMX Gold, the machine's owner, lately deployed the vending machine in the Town Center Mall in Boca Raton, Florida, a prosperous community in Palm Beach County. Similar machines have been deployed in 12 locations in Germany, Spain, Italy and Dubai. After the company installed the machine there is a very nice crowd around it because everybody likes gold. The company also has employees showing customers how to operate the machine. PMX Gold deployed the machine as part of a three-month pilot to gauge whether there is a market in the United States for the vending machine.
There was very strong demand for gold and it appears that the gold industry is headed for a record year. Demand for gold jewelry in China and India, coupled with a revival in the use of gold by industry, are key factors driving up gold tonnage and gold prices. The most important dynamic driving up gold prices is the difficult economies in some countries. Although the gold-dispensing machine has been installed in a hotel in Dubai, the vending machine will be used as a vehicle to sell gold to a wider consumer audience. Officials of PMX Gold believe the machine will bring gold to the masses. The growing demand for gold, however, means that PMX Gold might have deployed its machine at the right time in the United States so willing consumers can benefit from the increase in gold prices.
But industry observers don't consider the machine an ATM, even though company officials referred to it as the Gold to go ATM. It's considered gold dispensers more of a novel application for a kiosk than an ATM. Even PMX Gold refers to the so-called ATM as the "Gold Bullion Vending Machine." The mall spokesperson also called the apparatus a vending machine. They have entered into an agreement with Ex Oriente Lux AG, the owner of the technology, to conduct test marketing on an exclusive basis in the State of Florida during an initial three-month period, and, on a non-exclusive basis, to assist such company (Ex Oriente Lux AG) in looking for additional test markets and licensing and franchising opportunities within the United States.
The South Florida vending machines in Boca Raton are permanently online and adjust prices every 90 seconds to reflect the latest market price of gold. The Gold to go ATM sells gold for $150 to $1,400. In accordance to the company's internet site, PMX Communities, Inc., parent company of PMX Gold, it's based in the business incubator Park of Florida Atlantic University, which is also situated in Boca Raton. Gold bullion products are becoming more and more sought after as a hedge against uncertainty, and gold continues to hit all-time record highs.
About the Author:
The Family Vending Company, an important vending machines Miami firm located in Florida, offers overall refreshment solutions for offices and places of work by operating South Florida vending machines offering snacks, carbonated drinks, meals, drinking water and coffee.
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