No Way Gold is Close to a Bubble

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Eva Longoria is gorgeous. She and the writers on AOLTV are also financially ignorant. Seems Ms. Longoria took a trip to Dubai where ATMs dispense gold bars. Pretty cool way of adding to your hoard. I don’t know if the premium is high out of a vending machine or not but still, think about the convenience of not having to go down to the local gold pimp or buy from an online dealer. Just stick your credit card in the slot and get a little slab of gold.

Anyway Longoria was relating the story of Dubai and gold dispensing ATMs on the late night crapfest of Jimmy Kimmel. From AOLTV.com:

Fallon held up a picture of Longoria standing next to a “Gold to Go” ATM. As she explained, “This ATM, you put money in, and it gives you a gold bar.”

She was going to give it a whirl and take out her own gold bar but changed her mind when she discovered it would cost a whopping $2,000. That’s a lot of chump change for what’s basically a souvenir.

Two months ago the gold exterminators were happily stomping on bugs saying the metal was in a bubble. I submit to you that even an actress would understand the value of gold if it was in a bubble. Remember all the idiot celebrities talking about their stocks during the dotcom debacle?

The comment from the writer though is priceless: “That’s a lot of chump change for what’s basically a souvenir.”

Like a bar of gold is simply a souvenir. I’ll leave it to you, dear reader, to decide what a bar of gold – a souvenir – will be worth next year, or the next, but I’ve put my money were my font is and figure it won’t still be worth $2,000.

Thanks for reading.

No Way Gold is Close to a Bubble

15 views

Eva Longoria is gorgeous. She and the writers on AOLTV are also financially ignorant. Seems Ms. Longoria took a trip to Dubai where ATMs dispense gold bars. Pretty cool way of adding to your hoard. I don’t know if the premium is high out of a vending machine or not but still, think about the convenience of not having to go down to the local gold pimp or buy from an online dealer. Just stick your credit card in the slot and get a little slab of gold.

Anyway Longoria was relating the story of Dubai and gold dispensing ATMs on the late night crapfest of Jimmy Kimmel. From AOLTV.com:

Fallon held up a picture of Longoria standing next to a “Gold to Go” ATM. As she explained, “This ATM, you put money in, and it gives you a gold bar.”

She was going to give it a whirl and take out her own gold bar but changed her mind when she discovered it would cost a whopping $2,000. That’s a lot of chump change for what’s basically a souvenir.

Two months ago the gold exterminators were happily stomping on bugs saying the metal was in a bubble. I submit to you that even an actress would understand the value of gold if it was in a bubble. Remember all the idiot celebrities talking about their stocks during the dotcom debacle?

The comment from the writer though is priceless: “That’s a lot of chump change for what’s basically a souvenir.”

Like a bar of gold is simply a souvenir. I’ll leave it to you, dear reader, to decide what a bar of gold – a souvenir – will be worth next year, or the next, but I’ve put my money were my font is and figure it won’t still be worth $2,000.

Thanks for reading.