China unveils its first gold vending machine

Posted on September 29, 2011 by chelsia

What can you possibly think of that dispenses from a vending machine? Maybe a snack, a drink or even an umbrella? Well for this new innovation you will need more than just a few bucks to make a purchase. Recently, China has introduced their first gold dispensing vending machine in the popular Wangfujing Street. Even though other countries such as the United States and Britain are already familiar with the gold vending machine, the Chinese are extremely fascinated with this invention. Customers can buy various gold items by inserting direct cash or a bankcard. With the gold prices constantly sky rocketing, the demand for this commodity will also increase because gold is a solid investment that will unlikely depreciate in value. I believe by presenting this machine, it can provide consumers with a convenient way to purchase gold, while enhancing gold liquidity. With advancing technologies and mind-blowing gadgets like these, I will not be surprised if they soon introduce a diamond dispensing machine.

This piece of gold dispensed from the vending machine is worth around $156,500 U.S.

Photo credit: http://www.theglobeandmail.com/report-on-business/international-news/chinas-unveils-its-first-gold-vending-machine/article2183799/

You may also check out this news video on this royal vending machine:

Click here for source.

Bad time to be a banker

Posted on September 15, 2011 by chelsia

“There is a possibility you will get laid off” are words that most people dread to hear. Recently there have been numerous announcements of job cuts towards bankers. The worldwide bank HSBC plans on removing 10% of its employees, which are around 3,000 people within the next 3 years.

A family member of mine currently works at HSBC in Hong Kong and she was left speechless when she heard the news. With a family to take care of, having a full time job is crucial. She is left with uncertainty of whether or not she is one of the chosen to be let go, and if she should start looking for a new job.

Due to the downfall of the stock prices, many banks have chosen the easiest and fastest way out, which is to eliminate staff. It is unethical for employees to pay the price of the economical breakdown when they are the ones keeping the bank running smoothly. It is definitely not a good time to be a banker.