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Insert Your Gold, Receive a Bank Transfer
These devices are already operational in several cities including Beijing, and were just launched in the port of Shanghai on April 16, 2025, during an official ceremony. Now, there’s no need to visit a jeweler or a specialist: an automated machine handles everything from appraisal to conversion in a matter of minutes.
The process is as simple as it is impressive: you insert your gold items (like old jewelry), the machine uses integrated artificial intelligence to analyze them, melts them right there, and offers you a real-time price. Once the transaction is approved, the funds are transferred instantly.
Gold… Available for Purchase Too
Another surprising feature: the machine also allows you to purchase gold jewelry directly from a touchscreen. Select a design, pay with your card or bank account, and collect your jewelry.
This concept could potentially inspire other nations, especially as the value of precious metals rises and contactless services become more commonplace. For now, there are no similar projects planned in Europe, but the idea of a gold vending machine that can turn a bracelet into liquid cash is quite appealing (along with the necessary security systems).
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A Society Moving Toward Automation at Every Level
China is no stranger to this kind of initiative. For nearly 15 years, the country has been experimenting with self-service solutions for a wide range of transactions: food, technology, and even basic medical care. This gold vending machine is part of a societal trend where speed, autonomy, and security are paramount.
In an economic environment where gold has once again become a strategic safe haven, automating this type of transaction makes perfect sense: citizens can easily convert their assets into cash, without intermediaries or logistical constraints.