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Destroyer of Ignorance
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2,988 Posts
Discussion Starter · #1 ·
Unfortunately, they aren't in the US yet.

http://www.roguegovernment.com/Gold..._To_Full_Currency_Status/21184/0/8/8/Y/M.html

Just in case you are worried that all those gold coins you have buried in your back yard will never be accepted as (il)legal tender, here comes Abu Dhabi with a gold ATM machine, making gold-based "currency" transactions one step closer. This is a harbinger of things to come, as people increasingly demand to transact in non-daily violatable pieces of paper. This is also the nightmare scenario for all central banks, which have to be seeing developments in the precious metal space, and finally realizing that in the absence of prudent monetary policy, the people, as we noted yesterday, will take (non-dilutable) matters into their own hands. The Fed dilemma: recognition that the fiat "race to the bottom" has to be contained (unlikely) or confiscation of precious metals (see Roosevelt executive order 6102).

Follow the above link for the rest of the article.
 

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Maximus
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12,320 Posts
Abu Dhabi is the Gold Center of the world. It makes sense there. Around here though... most people don't hold the yellow stuff in enough esteem for it to be worth it. Plus someone will be the first to yank the thing out of the wall LOL
 

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Destroyer of Ignorance
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2,988 Posts
Discussion Starter · #4 ·
Abu Dhabi is the Gold Center of the world. It makes sense there. Around here though... most people don't hold the yellow stuff in enough esteem for it to be worth it. Plus someone will be the first to yank the thing out of the wall LOL
Yeah, but the weight of all that gold is likely to leave the back half of the vehicle parked in front of the ATM.
 

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Information is Ammunition
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22,122 Posts
man, im kinda GLAD they arent here. even I might be tempted to take up breaking into vending machines :D:
 
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Information is Ammunition
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In memory of Rokitdog
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And since there is not enough gold in the world to become a currency pre SHTF, those of us with gold can only hope for a "The Stand" type disease, which we might be immune to, to decrease the surplus poulation enough to make our gold the new currency.
But I doubt that would work because beer would become valuble to folks like me!
 
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