Gold bars are considered a symbol of wealth and luxury, and Dubai is renowned for its opulent lifestyle and extravagant offerings. One such extravagant offering that has captured the attention of many is the availability of gold bars in vending machines. Yes, you read that right – gold bars can be purchased from vending machines in Dubai!
The Gold Bar Vending Machine Phenomenon
Dubai is known for pushing boundaries and redefining what is possible. It comes as no surprise that the city introduced the world’s first-ever gold vending machine. This innovative concept allows individuals to purchase gold bars of various weights and purities with just a few simple steps.
These vending machines, aptly named “Gold to Go,” are operated by a German company called Ex Oriente Lux AG. They have been installed at prominent locations such as shopping malls and luxury hotels across Dubai.
How Much Does a Gold Bar Cost?
The cost of a gold bar from these vending machines depends on its weight and purity. Prices are updated regularly to reflect the current market value of gold. It’s worth noting that purchases made from these machines are subject to VAT (Value Added Tax) in accordance with UAE regulations.
If you’re wondering about the price range, it varies considerably based on the weight of the gold bar. You can find smaller bars weighing as little as 1 gram or opt for larger ones that weigh up to 100 grams or more.
The Allure of Owning a Gold Bar
Owning a physical gold bar can be an appealing investment option for some individuals. It offers a tangible asset that holds intrinsic value, making it an attractive choice for diversifying one’s investment portfolio.
Besides its investment potential, there is also something undeniably captivating about holding a gold bar in your hands. The sheer weight, the gleaming surface, and the feeling of wealth it exudes make it a prized possession for many.
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In conclusion, Dubai’s gold bar vending machines offer a unique way to purchase gold bars. With their availability at prominent locations across the city, individuals have the convenience of buying gold on-the-go.
Whether you’re an investor looking to diversify your portfolio or someone captivated by the allure of owning a physical gold bar, these vending machines provide an intriguing opportunity. Just remember to check the current prices before making a purchase!