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Gold Vending Machines in Singapore

Gold Vending Machines in Singapore

Many Singaporeans dream of having gold because its value increases every day. Here in Singapore, there are many gold investors and gold sellers. Well, wherever you are in this world, gold is sought-after. If you want to trade gold, it is important that you know the rules of the market and how it operates so you will be successful.

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You will be surprised that you can easily access gold here in Singapore. If you are fond of casinos and gold, the good news is that you can now convert your winnings to gold on the spot. This is made possible with the instalment of new gold vending machines. These vending machines dispense gold rather than your traditional cash.

The gold vending machine was introduced by Asia Gold ATM which is a local-based company. The vending machine is called SMART Gold ATM. The company installed the first two vending machines in Resorts World Sentosa and the Marina Bay Sands. Visitors of Resorts World Sentosa and the Marina Bay Sands casinos can enjoy the accessibility of the precious metal.

What made the company launch or install these gold vending machines? There is no question that the city-state is the travel destination for travellers that are affluent not only here in Asia but around the world. Apart from that, the country is now considered to be a significant hub for the gold-trading industry.

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If you want to know more about the gold vending machines, here are some things worth mentioning:

  • Weight: According to reports, the machine can dispense gold bars and coins weighing roughly about 1 to 20 grams each.
  • Items: The machine features different items so users can choose. For example, the machine can dispense a collectible item like a 1 gram stone bearing the resemblance of a Merlion. The prices of gold varies. You can buy it from US $60 to US $1,500. The items dispensed are made of 24-karat gold.
  • How to make a purchase: As mentioned earlier, customers can choose different items they can purchase. The items are presented in a 3D screen which can give a 360-degree view of the item along with the description of the item. The descriptions can either be Russian, Arabic, German, Chinese and English. After making the choice, the item will be dispensed at the bottom of the machine. Users can also send the gold to other people if they choose to.

For sure this is not the end. The company is contemplating on rolling out other machines across the country. This is just the beginning.

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