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Home » Precious Metals » Gold-to-Go ATM machines placed in German,Switz., and Austria

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5/22/2009 12:46:17 AM

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WGC quarterly report said that Germany and Switzerland were the single biggest bar and coin markets, with 59.0 and 39.2 tonnes of purchases. That compares to 11.8 & 7.3 tonnes respectively in Q1 ’08. What’s more interesting is Tuesday’s announcement that Gold-to-Go ATM machines were being placed in Germany, Switzerland, and Austria. The ATMs charge a 30% premium, and dispense a one gram coin.

Despite the increases in investment, declines in jewelry fabrication were enough to offset them and create a 115 tonne surplus, it was noted.
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9/23/2009 5:21:20 AM

spiderman
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Gold going higher.... gettin all kinds of "buy Gold NOW!" emails
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1/7/2010 5:47:43 PM



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