Sol Palha: Financial & Economic Insights World’s 1st Gold ATM; is this a sign of Top?

World’s 1st Gold ATM; is this a sign of Top?

World's 1st Gold ATM; is this a sign of Top?

Is the Gold Market Headed for a Crash; is it time to get out of Gold?

Amid fears over the strength of nearly every primary currency, Abu Dhabi’s top hotel has developed a new type of ATM for their most risk-averse guests. The Emirates Palace allows those staying there to withdraw gold from the world’s first ever-gold dispenser. With gold prices at record highs amid fears that the EU’s rescue package will drive inflation higher, the ATM monitors the daily cost of gold and offers small gold bars that weigh up to 10 grammes with customised designs. atlasobscura


This is a clear sign that Euphoria levels are reaching an extreme level in the Gold camp. Therefore, the next move for gold could be down instead of up. History has shown that a top is usually close at hand whenever something spectacular is done in a highly overbought market. The Burj Tower is a prime example. Hence, Investors should not be surprised if the Gold Market experiences a crash-like move over the next several months and years.

Now for something different and enlightening

What do you think of this video? Is it cute or funny; if you did, please comment at the end of this article. Videos with positive emotions are said to lower one’s stress; they provide one with the ability to view things from an objective perspective. When feelings do the talking, logic does the walking, and the result is far from healthy or pleasant.   Please comment below and let us know if this new approach interests you.

Do not be desirous of having things done quickly. Do not look at small advantages. Desire to have things done quickly prevents their being done thoroughly. Looking at small advantages prevents great affairs from being accomplished.
Confucius, BC 551-479, Chinese Ethical Teacher, Philosopher

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