clipped from: www.theaustralian.news.com.au   
Untangling the gold news

Gold as an investment, rather than adornment, is the story. More and more investors want some gold just in case Washington (and London, Brussels, Beijing and Canberra) don't get the rescue right.

Another report overnight that feeds into this trend concerns a company based in Frankfurt with a rather novel idea. Reuters says that TG-Gold-Super-Markt is planning to install 500 automatic teller machines across Germany, Switzerland and Austria that will spit out, not euro notes, but pieces of gold. Put €31 (at yesterday’s price) in the slot, and you can withdraw one tiny, 1 gram piece of gold. Each ATM, the first of which was on display at Frankfurt’s main railway station, will hold 1g, 5g and 10g gold pieces as well as Krugerrand coins. The ATMs will be able to vary the price of the gold in line with the changing gold spot figure.