American Gold Dinar Launched

You guys might find this story interesting about a new bullion coin introduced jointly by open currency and muslim community:

http://www.dinarwakala.com/Media/Index/2011-12-06_Launch_Of_The_American_Gold_Dinar

 

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1 Kuwaiti Dinar = $3.60

 

There is Gold ATM machine which gives Gold bars installed in Dubai hotels and some places in USA.

 

find me one in the usa

 

I notice that they're very careful to use the word "medallion". An interesting read Forcehit.......

 

I think I read that there is one in Florida. Miami Beach?

 

http://en.wikipedia.org/wiki/Gold_to_Go

Boca Raton, Fl. Very close Green.

 

The gold ATMs are old news, and have been media jingle for about 3-4 years already. We've had several threads on them on CT in the past as the stories abounded about these machines.

There is (was) a gold ATM in Boca Raton, Florida.

Gold ATM lands in Boca Raton from CNN Money 12/17/2010

 

Fancy ATM skips the folding cash, spits out gold [12/17/2010]

Gold Vending Machines Coming America [09/2010]

Gold ATM [05/2010]
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German company unveils gold ATM [May 20, 2009]

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There is a gold vending machine in Vegas, I just can't remember where I saw it. It might have been in the Wells Fargo tower.
Guy

 

The Golden Nugget Hotel & Casino


http://travel.usatoday.com/destinations/dispatches/post/2011/01/las-vegas-atm-dispenses-gold/13800

 

It is good idea but it is tough sell to get Americans especially our younger generation to buy Gold.

 

Yeah, but not a great idea to get them to buy them from these machines. From what I read, the prices are pretty high versus spot price.

 

Seeing that the OP has only 3 posts, and all of them are at the beginning of this thread, I'm willing to bet the farm that this is just another back-door attempt at spamming.

Chris

 

That He/she only has 3 posts is because of mod action.

 

About Gold dinars and Silver Dirhams, I heard that 1400 years ago silver was more expensive the gold, is this true?

 

No, not in any way, shape, or form. The Sassanids invented this coin denomination, and the muslims took it and greatly expanded their use. At no time was silver more valuable than gold, usually about a 12-1 ratio, but if you really want to know I can calculate it for you.

But no, gold was always more valuable.

 

No one gets their PMs for spot price. There is always a buy/sell but not a set spot you get to pay.

 

That makes it sound even more suspicious.

Chris

 

The thread is still open because it was not considered spam as such. We do have a multitude of spammers/banned lately from the Eastern part of the world, and I hear the other sites do also. Once a person is banned, any alternate IDs created will be banned also.

Jim