#1 Wed, Sep 14, 2011 - 12:21pm
GOLD leaks into Commerce in the US
The Donald wisely accepts the offer of physical gold as payment for rent:
Can a gold-backed currency be far behind?...
Edited by: BASEBALL 13 on Nov 8, 2014 - 5:31am
#2 Wed, Sep 14, 2011 - 4:44pm
Keep in mind
Keep in mind this was a security deposit payment method, not rent paid. As a security deposit it is in-lieu-of the cash equivalent of the $175k. By law deposits must pay the depositor interest. At the end of the lease, assuming no claims are made against it, Trump would be obligated to give back the gold and a nominal interest, of say, .025% against a cash deposit of $175k that the gold was in lieu of.
Now if gold were to crash...
#3 Thu, Sep 15, 2011 - 8:45am
Hat tip for the post, I have
Hat tip for the post, I have not seen this report. I like what I am reading about it. Very interesting times we live in.
