traynickel December 18 2010

LINK FROM: http://newzzcafe.com/

While more common in Europe, the gold vending machine at the Town Center Mall is the first in the U.S.

"I think it's great, I'm trying to push her into letting me buy one for somebody," said Milton Schneider.

Milton and wife, Florence Schneider were the first people in the entire country to get their hands on the gold.

"We see the commotion and we said 'what's going on, what is this?' And then they unveiled it and it's a gold ATM machine, I never knew they could make it into an ATM, where you can get it so conveniently, usually you think of soda or candy bars or chips, said Leona Ujcic.

"We have made this machine specifically for shopping for small gold gifts," said Thomas Geisslei, CEO of "Gold to Go."

The machine can hold up to $150,000 in gold and automatically adjusts its pricing every 10 minutes to reflect the going rate.

"What most people look at, no what almost everyone looks at is a picture in time, something like looking at a still. Up comes the chart, it's a picture in time. Very few people will focus on motion, direction over time. And you can't predict the future unless you can see things in motion.

So, to the static thinker the picture in time has to have an excuse of why the market did this or why the market did that or what technical thing happened to make it happen. While in truth, you and I know we are watching something unfold."

"Before this year is out. That is one of the things which I've predicated my $1,650 by January of 2011 call on, and we are about to find out.