"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.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.
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 am not a sheep, I have my own mind
I have had enough of being told what and how to think
Whilst we are still allowed the remnants of free speech,
I will speak out.
I also reserve the right to discuss less controversial matters should I feel the urge.
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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.
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