Financial Times FT.com

Germans taste machines with Midas touch

By James Wilson in Frankfurt and Javier Blas in London

Published: June 16 2009 22:02 | Last updated: June 17 2009 08:27

Long attracted to the safety of solid gold, Germans will soon be able to sate their appetite for the yellow metal as easily as buying a chocolate bar after plans were announced on Tuesday to install gold vending machines in airports and railway stations across the country.

The venture by the TG-Gold-Super-Markt company, based near Stuttgart, aims to build on soaring retail interest in gold purchases after a loss in confidence in a range of other investments as a result of the financial crisis.

Thomas Geissler

Thomas Geissler, who aims to have machines in 500 locations this year, cites Germans' 'historic' preference for gold

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