New to Frankfurt Airport – a vending machine which dispenses gold bars.
The prototype was trialed at Frankfurt Airport and is now being rolled out to 500 locations around Germany. It can dispense 1g, 5g & 10g gold bars/coins. The 1g wafer thin piece sells for around US42 and the 10g bar for $US341. However the price is updated every 2 minutes to reflect the gold price.
Given the premium on the smaller weights its not really an investment as much as a novelty or unique gift idea.
We tend to think memory is where our account of an event becomes unreliable. But the process begins earlier. Attention is selective, perception is incomplete, and two people can experience the same event while noticing very different things.
The data is good. The model is sound. And the decision still doesn’t hold the way it should. The problem isn’t the analysis. It’s what the analysis assumes about the stability of the world it’s describing.
The frustration with institutions isn’t wrong. But the explanation usually is. The problem isn’t political will or institutional timidity. It’s a design built for a world that no longer exists.