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Precious Metal Vending Machines: Preferred by Robbers 2-to-1 Over ATMs

by Paul Strauss
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With Japan and China already filling their vending machines with bananas and crabs, I guess they needed to come up with something different to sell instead of cans of Coke and Snickers bars. So what’s next for Asia’s vending machines? Precious metals, of course!

gold_vending_machine

Yep, these machines are designed to dispense gold or silver coins and ingots. Designed by Space International [JP], the machines can handle quantities from a gram to 1/4 of an ounce. At today’s prices, that puts the most expensive item in the machines at about $400 (USD). I guess when you look at those pricey Best Buy vending machines, it’s not all that crazy to think that someone might make a purchase out of one of these. That said, I’m not sure why you’d actually need to buy gold or silver on a whim.

The first gold vending machines are being installed in central Tokyo, where there’s little concern about criminals breaking into these. If they had one of these here in Chicago, it would be broken open and emptied in a day. Despite the fact the machine says “SPACE GOLD,” it currently only stocks gold found here on Earth. Perhaps if they did start mining gold in outer space, they could demand an even higher premium.

[via Bloomberg via Japan Trends]

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