Subscribe | UPI Odd Newsletter Subscribe ABU DHABI, United Arab Emirates, May 14 (UPI) -- The creator of a machine that dispenses gold in exchange for cash at a United Arab Emirates hotel said his invention was an instant hit. Thomas Geissler of Germany, chief executive of Ex Oriente Lux and creator of the "Gold to Go" machine, said the first of the machines, installed at the Emirates Palace hotel in Abu Dhabi, offers 320 gold items, including bars and coins, in exchange for cash, the Daily Mail reported Friday. Advertisement He said the machine, which uses a computer system to adjust its prices in accordance with international markets every 10 minutes, was instantly popular at the hotel. "On the first night we had a lot of demand," Geissler said. "One customer even bought one item of every product we have." He said the UAE was chosen as the first location to host a "Gold to Go" machine because of the high demand for the precious metal in the region. "The reason we chose Emirates Palace is because it really fits with the surroundings here," he said. "All the gold is imported from Germany, and soon we will have a customized gold bar with a print of the Emirates Palace logo, which will be a nice souvenir for guests to take home." Advertisement
