As the gold price looks to stabilise around the $1600 level, after the drop in the gold price last week, we get news that China is getting in on the gold ATM game.

China joins the growing list of countries that have gold ATMs:

Abu Dabi
USA
Switzerland
Austria
Germany
UK

Whilst using these ATMs certainly isn’t the most cost-effective way of investing gold, it certainly is a very public way of gold of getting gold more embedded in the public psyche. And as central banks seem hell bent on on destroying paper currencies around the world that has to be a good thing.