Brits can cash in on gold through new ATM

England's first gold ATM is designed to lure would-be investors looking for a little financial safety from the world's most enduring currency.

You can forgive gold investors for feeling a little smug.

While stock market fans are bemoaning a lost decade--the S&P 500 index remains below where it was in 2000--gold prices have quintupled since then.

Fortunately for British gold bugs, it's now easier than ever to purchase the world's most enduring currency: the country's first gold vending machine opened today in a shopping center in London. It accepts cash and credit cards.

The company, Gold to Go, already operates ATMs in Germany, Italy, the United Arab Emirates , and (of course) the Golden Nugget casino in Las Vegas.

With the federal government running up something like $212,500 in debt per household, a total that's growing by around $1,148 per month, the logical course is for an Uncle Sam untethered to the gold standard to pay off his debts by running the printing presses. If that happens, it's a fair bet the price of gold denominated in dollars will go only up. Time to stop by your nearest ATM?

 

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