St. Petersburg Times Columnist Questions Gold Vending Machines

Jan Glidewell, a columnist for the St. Petersburg Times in St. Petersburg, Fla., questions the practical use of gold vending machines, one of which was installed at a Boca Raton mall.

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Editor's Insight: This columnist makes sweeping generalizations about the economy in saying that nobody has any money, nobody is making any money and nobody is spending any money.

Many corporations are reporting outstanding profits. They are reluctant to rehire due to uncertainty about taxes and future operating costs, mainly health care costs.

The columnist does recognize that gold prices are rising, which is why a machine like this does make sense.

Vending machines win impulse sales, which is why they are often put in high-traffic locations. 01-04-11 Elliot Maras