Gold ATMs Return, Gangnam Style
![A gold vending machine at a convenience store in Seoul, South Korea. Image from GS Retail A gold vending machine at a convenience store in Seoul, South Korea. Image from GS Retail](https://www.bullionvault.com/gold-news/sites/default/files/24-06-17-gs-atm-gold-june-23.png)
- First, gold plus ATM is a great story. Bubblegum for the brain, yes, and not actually an important trend or technology anywhere in reality. But I mean, gold out of a vending machine? What click-seeking news editor wouldn't love that?
- Second, gold gets such little coverage most of the time...especially in the West...that journalists and financial editors can sometimes display the collective memory of a goldfish. Besides, who cares if the story is nonsense, whether for the first or 10th time? Just count those clicks and resulting advert impressions!
- Third, and in the first-half of 2024 specifically, the price of gold has surged to new record highs. Something must explain it. And besides, clicks!
![Chart of Google search volumes for 'gold price', 'buy gold' and 'costco gold'. Source: MKS Pamp Chart of Google search volumes for 'gold price', 'buy gold' and 'costco gold'. Source: MKS Pamp](https://www.bullionvault.com/gold-news/sites/default/files/24-06-17-mks-gold-costco-search.png)