Yesterday, September 1st 2011, China officially released the usage of gold atm dispensers. Of all the precious metals that are termed as a commodity in the world, gold is the most common in terms of investments. As discussed in the previous class of China's growing powerin the economic world, this is just one of the ways in which China is stabilizing their footholdon the world stage. The gold atm dispensers are updated automatically every ten minutes, so the buyers are getting the best possible price. Each dispenser can hold up to 200 kilograms in gold, and the bars come in various sizes. Due to their prestigious market value, most of the dispensersare placed in high-level security locations, such as banks and hotels.China is one of the few countries that are currently trying a "gold atm". Countries such as the United States, Britain, and Italy have already implemented such atms at various locations.
http://www.cnn.com/video/?hpt=wo_t4#/video/world/2011/09/29/mann-china-gold-atm.cnn
By...:: Lauren Marie De Guzman
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