A German company plans to install 500 ATMs this year to deliver gold bar in Germany, Austria and Switzerland, amid increased demand for the precious metal to the reluctance to take more risky assets by the global crisis. One of these ATMs dispensing gold was exhibited on Tuesday for a day to market tests in the main railway station of Frankfurt.
The idea to launch these machines has stemmed from the increasing demand of German households for gold as an investment over the past few months. The company believes that soon most people across the world will keep 15% of their savings in gold.
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