Sitting inside theAKempinski Emirates Palace Hotel on the West End Corniche, this machine will draw tourists and locals just to gawk at it, and who knows if security will be needed for people who actually want to use it to grab a gold bar to go. It’s actually calledAGold To Go, developed by a German, and it monitors the daily gold price ($1,245 an ounce yesterday!) and "offers small bars up to 10 grams or coins with customized designs." TheAfirst machines appeared in Frankfurt Airport a year ago, and now they’re gaining steam.
What separates us from the rest of our non-human mutant ancestors? Collective intelligence brings together fragments of knowledge to create a fostered generation of urbanites and traders. Density brings specialized people together whom never know that they are so closely defined by the miles that actually separate them. Exchange started in Africa:
The process of cumulative innovation that has doubled life span, cut child mortality by three-quarters and multiplied per capita income ninefoldaworld-wideain little more than a century is driven by ideas having sex. And things like the search engine, the mobile phone and container shipping just made ideas a whole lot more promiscuous still.
Wissner-Gross and Freer rounded up the locations and price-speeds on the 52 largest global exchanges, and plotted a map of the ideal locations for traders who would want to be perfectly positioned between any given pair. The map, which appears today in an article in the journal Physical Review E, dictates that some traders’ servers will be ideally positioned in central Africa, others in the remotest forests of Canada, others in the middle of the Indian Ocean, and still others in Siberia. This all assumes, of course, a proper infrastructure in place-in the short term, Freer tells Fast Company, it might make more sense to approximate these locations, rather than invest in installing a server farm underneath the ocean.