Amid fears over the strength of nearly every major currency, Abu Dhabi's top hotel has come up with a new type of ATM for their most risk-averse guests. The Emirates Palace is giving those staying there the chance to withdraw gold from the world first ever gold dispenser.
With gold prices at record highs amid fears that the EU's rescue package will drive inflation higher, the ATM monitors the daily price of gold and offers small gold bars that weigh up to 10 grams with customized designs.
I suppose Abu Dhabi needs this new twist to lure high-rolling tourists. The emirate is trying to emulate Dubai's development binge; I think it's funny that sheiks still think they can build opulent megaprojects on a foundation of sand. Abu Dhabi does have the advantage of significant oil reserves, whereas Dubai's have pretty much run out, so the sheiks can keep indulging their development dreams for some time.
