Amid interest in gold investment amid concerns over a U.S. economic slowdown, gold ATMs that can buy and sell gold directly to China appear

According to China Network on Tuesday, there is a gold ATM on the second floor of the Shanghai Global Harbor that allows people to buy and sell gold on their own. Consumers who want to buy gold only need to enter their mobile phone number and authentication code, check the payment method, and click “Purchase.” When measuring or selling gold, simply put it in the designated tray to let them know the number of grams and the price immediately. The amount will be deposited into the account within 30 minutes. The price of gold is measured according to the real-time price of the Shanghai gold exchange. After deducting a fee of 18 yuan per gram, the company can find the estimated repurchase amount.

You can buy and sell 3 to 1000 grams of gold. People who are curious about the value of gold purchased online or gold sleeping at home can measure the weight and price for free. After the measurement, a free test report is printed out and can be checked immediately.

“I want to buy a style accessory that I like, but I’ve been wanting to figure out how much gold I have first,” consumer Liu said in Chinese Net. “Using the smart gold trading service platform, the procedure is simpler and more convenient to see the work process than going to a gold specialty store.” In addition to Shanghai, you can also meet gold ATMs in Xiamen and Hefei. Gwangming Mang reported that gold ATMs have recently appeared in Xiamen, saying, “People’s interest in buying and selling gold is increasing as the price of gold has recently been on a roller coaster.” He added, “Compared to the service of general gold specialty stores, gold ATMs are more efficient because they are simple to use and transparent in procedures. They are attracting the attention of the younger generation.”

SOPHIA KIM

US ASIA JOURNAL

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