China has Gold Vending Machines

Each withdrawal is capped at 5.5 lbs?! or 156,000. China and India buy the most gold and Beijing just got it’s own machine. It’s not that impressive in the end, since machines like this do exist, but 5.5 lbs? Since gold is a standard of valuing currency, this makes easy sense as to why China is buying gold. It’s better than the US dollar, right? (Channel News Asia – Gold Vending)