StatCounter

Thursday 25 June 2009

"Gold, Glad that you're bound to return"

Apparently returning to Frankfurt Airport may be a sensible move as it is to be the first airport with a 'gold to go' vending machine.
"Geissler's vending machine will sell packets containing from one gram for around €30 ($42) at present to five and ten grammes for about €245, along with Australian "Kangaroo" and Canadian "Maple Leaf" coins.

A gramme of the stuff will set customers back by 20 percent less than over the counter at a German bank, but his margin represented just "a nice and reasonable profit" compared with market rates.

Software developed by his firm updated prices every two minutes, he stressed, which meant "we will have nearly a real time price compared with the London gold market.""
I wonder why Germany would be such a good place to sell gold? Would it be because of their experience of hyper-inflation in the last global depression? Regardless of what Gordon Brown foolishly said at PMQs yesterday, inflation will be back and when it returns it will be quicker and bigger than almost anyone believes possible.

No comments: