GOLD leaks into Commerce in the US

3 posts / 0 new
Last post
#1 Wed, Sep 14, 2011 - 12:21pm
BASEBALL 13
Offline
Joined: Jun 14, 2011
171
1181

GOLD leaks into Commerce in the US

The Donald wisely accepts the offer of physical gold as payment for rent:

https://therealdeal.com/newyork/articles/donald-trump-accepts-gold-from-apmex-for-lease-at-40-wall-street

Can a gold-backed currency be far behind?...

Edited by: BASEBALL 13 on Nov 8, 2014 - 5:31am
Wed, Sep 14, 2011 - 4:44pm
funthea
Offline
-
anaheim, CA
Joined: Jun 14, 2011
21
34

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...

Thu, Sep 15, 2011 - 8:45am
ohiometalman
Offline
-
prepareville, OH
Joined: Jun 14, 2011
76
579

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.

Become a gold member and subscribe to Turd's Vault

Contribute

Donate Shop

The TFMR Silver Round
Doc and TF Partnership Advertisement