GOLD leaks into Commerce in the US

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September 14, 2011 - 12:21pm
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BASEBALL 13
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GOLD leaks into Commerce in the US

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

http://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 admin on 11/08/2014 - 06:31
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September 14, 2011 - 4:44pm
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funthea
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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...

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September 15, 2011 - 8:45am
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ohiometalman
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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.

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