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Now, Germans Eye On Gold
Passengers who clear security at Frankfurt airport and fear inflation more than flying could soon find an answer with a machine that doles out a bright, shining answer: gold.
"The reaction by Asian people was fantastic," gold dealer Thomas Geissler told AFP after his company, TG-Gold-Sper-Markt, tested a prototype dubbed "Gold to Go" in the airport's main hall last week.
"A guy was delighted to get a piece of gold to bring back to his wife."
Geissler hopes to have a working model up and running within three months in a shopping area beyond the X-ray machines where check-in stress evaporates and passengers can kick back.
And he is aiming big: Geissler wants to install 500 machines in airports throughout Europe, as well as in train stations, jewelers and up-scale stores in Austria, Germany, and Switzerland.
Germany, one of the countries worst hit by the global recession, is seen as a wise place to launch Geissler's machine because the economic crisis has driven up gold sales in Europe's biggest economy.
According to the World Gold Council, German investors and consumers over the border in Switzerland are hoarding gold at "levels not previously recorded".
In 2008, there was "a tremendous swing from trivial levels within Europe to very substantial levels" in gold sales, said Niel Neader, research director at GFMS, a London-based precious metals consultancy.
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