UK gets Gold ATM

So London gets its first Gold ATM (really just a cigarette machine on steroids). Interesting to note a few things about the story in the video below:

1. No mention of silver, photos of the Gold ATM I have seen in Germany shows that it sells silver bullion as well as gold, maybe the promoter and reporter assumed that the average UK viewer would struggle with concept of a metal being considered precious let alone being told there is more than one precious metal!
2. The ATM is located in an Aussie owned Westfield shopping centre (nice touch)
3. The reporter is a t*sser for being shocked about the margin on a 1g gold bar compared to a 400oz (12,440g) paper gold bar which is traded on the rigged LME, which doesn't physically exist and 99%+ of "trades" settle in fiat cash or other such toxic derivatives. Doesn't he realize that some poor bugger in South Africa had to travel 2 hours down a mine shaft 5 km below the earth then 7km along the vein and then smash up 200kg of granite and haul it back to the surface to provide him with that 1g bar - and he is shocked that it cost 47GBP! (note ABC Bullion charges only 45GBP for a 1g PAMP Swiss gold bar in a packet and it is vended by hand, me)
4. Whilst strenuously trying not to make any blonde hair references it is an interesting anthropological study to compare the guy who was buying gold and felt that gold would definitely trade higher in the future vs. the woman who had sold her gold and had no need for it. No mention that the UK had the world's reserve currency until they become the then world's largest debtor and went off the Gold Standard in 1931, resulting in the UK going from a beacon of hope to a sodden little island off France.

Video from the UK Telegraph, the associated print story can be read here