A new way for shoppers to get hold of gold
Gold seekers need look no further than Galeries Lafayette in Dubai, where nuggets of
the precious metal can now be exchanged for cash at the emirate’s first Gold to go ATM.
Shoppers will receive a personalized Galeries Lafayette piece of gold that corresponds in
value to the amount of money they put in.
The first nugget was dispensed during a launch party on February 11, 2011 at Galeries
Lafayette – Dubai Mall, the nation’s largest luxury department store. Guests gathered
round the machine, which is situated on the ground floor of Galeries Lafayette to watch
as the ribbon was cut on Dubai’s first gold ATM.
The Gold to go machine offers tourists and locals the ideal souvenir from Dubai, which is
widely known for its abundance of the precious, yellow metal. Customers can purchase
24 carat gold bars or coins at current market prices and get their hands on as much of
the shiny metal as they desire within a matter of seconds.
“Gold to go machines have proved extremely popular around the world and it is high
time that Dubai had one too,” said Mr. Simon Khoury, Chief Operating Officer of Galeries
Lafayette. “The new gold ATM has made one of the world’s most luxury items available
to Galeries Lafayette shoppers in its original form.”