MALVEAUX: Investing in gold, so popular in China, that they are now dispensing it at golden ATMs. I'm not kidding. CNN's Jonathan Mann explains the rush.</s>JONATHAN MANN, CNN CORRESPONDENT (voice-over): Stocked with 200 kilos of gold bars, Beijing's new gold dispensing ATM is ready for service.</s>ZEHENG RUIXIANG, BOARD DIRECTOR, BEIJING GONGMEI GROUP (through translator): The Chinese people have become enthusiastic to purchase and invest in gold. So the traditional gold sales model can hardly meet the demand.</s>MANN: The gold ATM will officially be put into service Saturday during China's national day holiday. The machine updates the market price for gold automatically every 10 minutes, giving the buyer the best possible price.</s>RUIXIANG: The ATM machines can provide customers with different sizes of gold bars and the machine can hold a maximum of 200 kilograms of gold. The number of customers using gold ATMs may vary a lot in different locations and we'll load the ATMs with different volumes accordingly.</s>MANN: On social media sites, some Chinese netasins (ph) said a gold ATM was a source of national pride. Others were more wistful. "I don't have the money to buy gold bars," one wrote, "but I do have the strength to carry them home." China is just the latest country to try a gold ATM. Gold to go machines are already located in Germany, the U.S., the U.K., Italy, and the United Arab Emirates. They're placed only in locations with high security, such as banks, hotels, casinos and airports. And, persuadably, near the people who can afford them. Jonathan Mann, CNN.</s>MALVEAUX: An amazing story. CNN NEWSROOM continues right now with Randi Kaye, live from Los Angeles.
An ATM With A Golden Twist