|A staff member (L) from the manufacturer shows a gold-plated ATM machine to a customer at Emirates Palace hotel in Abu Dhabi, captial of United Arab Emirates. It is a money machine that dispenses pure gold bars and coins. (Xinhua/An Jiang)
BEIJING, May 14 - It's the ultimate hole-in-the-wall -- a money machine that dispenses pure gold.
But installed beneath the gold-coated ceilings of Abu Dhabi's Emirates Palace hotel, where royalty and billionaires come for cappuccinos topped with gold flakes, the machine almost seems part of the furniture.
"The reason we chose Emirates Palace is because it really fits with the surroundings here," said German entrepreneur Thomas Geissler, creator of the "Gold to Go" brand and chief executive of Ex Oriente Lux.
The exterior of the machine is coated with a thin layer of gold and offers customers 320 items to choose from, ranging from gold bars that can weigh up to 10 grams, to customized gold coins.
"All the gold is imported from Germany, and soon we will have a customized gold bar with a print of the Emirates Palace logo, which will be a nice souvenir for guests to take home," said Geissler.
Through a computer system, the ATM gold machine updates the gold price every 10 minutes to match international markets.