Gold, Silver Vending Machines sell small fortunes
Posted in: luxury, PRODUCT INNOVATIONS, Today's ChiliAs if expensive fruit-filled vending machines weren’t enough, now I come across a report from Bloomberg that tells of Makishi Rokugawa and his schemes to install vending machines selling gold and silver.
Surely only in a nation so obsessed with vending machines — and relatively free of theft and crime — could this even be imagined! With growing consumer fears over deflation and lower salaries, Rokugawa believes people will be keen to get their hands on “something they can touch”.
[Gold bar image source]
The products on offer will be precious metal items like coins and ingots, from a gram up to a quarter of an once. Cost will vary according to the current market value and with price updates daily.
After putting one in the Tokyo office building, Rokugawa and his bizarrely-named company Space International Ltd. now plans to install a gold vendor in the capital’s Imperial Hotel. What next? Apparently taking the plans nationwide and even abroad to Hong Kong.
It might appear to be another example of “wacky Japan” but actually the Arabs and Germans got there first, with gold bar and coin vending machines installed in Frankfurt airport and the Emirates Palace Hotel last year.