SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: orkrious who wrote (247916)5/12/2010 6:03:56 PM
From: patron_anejo_por_favorRead Replies (1) | Respond to of 306849
 
Hopefully some of the euros will by COMEX futures on silver and start taking delivery. Would love to see some torched shorts, that's an uncoverable short position (on COMEX silver) if real demand for physical sets in.

If all my wealth were in Euros right now I know I'd damn sure be running to buy bullion....<NG>



To: orkrious who wrote (247916)5/12/2010 6:08:47 PM
From: patron_anejo_por_favorRespond to of 306849
 
In other news, Abu Dhabi now has a vending machine that dispenses gold bullion. An idea who's time has come, methinks...

nytimes.com

May 12, 2010
Abu Dhabi Hotel Boasts an ATM With a Golden Touch
By THE ASSOCIATED PRESS
Filed at 12:44 p.m. ET

ABU DHABI, United Arab Emirates (AP) -- Abu Dhabi's top hotel is upping the ante in the race for Gulf glitz: adding a gold-dispensing machine.

The ATM-style kiosk in the Emirates Palace monitors the daily gold price and offers small bars up to 10 grams or coins with customized designs.

It's the idea of a German entrepreneur, Thomas Geissler, who began testing the cash-for-gold machines in his native country in 2009. The Abu Dhabi debut on Wednesday is billed as the first international foray for Geissler's ''Gold to Go'' brand.

Geissler says he picked Abu Dhabi because of its high-rolling atmosphere and the region's traditional ties to gold in commerce.

The unveiling was timed well. Gold hit a record high Wednesday of more than $1,245 an ounce.