Utahns can now buy "Goldbacks," actual spendable gold offered by Salt Lake City-based GoldATM, at machines around the Wasatch Front. Photo: GoldATM.com.

There’s a new player in the Utah financial arena — and it makes it possible for an Average Joe to walk up to a convenience store kiosk and buy real gold.

In a move to make it easy and viable for every person to purchase, store and exchange gold, Salt Lake City-based GoldATM has premiered new gold-dispensing ATM kiosks at five locations along the Wasatch Front along with six in Las Vegas and two ATMs in Reno. GoldATM introduced its gold-vending ATM concept at the ATM Industry Association trade show in Las Vegas earlier this month.

Catering to a growing demand for alternative gold currency, the new machines dispense “Goldback” bills made of pure 24-karat gold, with the lowest denomination bill available for just $20. The bills look and feel like regular currency with the same flexibility and Please log in to see the rest of this story.