Home
Newsletter
Events
Blogs
Reports
Graphics
RSS
About Us
Support
Write for Us
Media Info
Advertising Info
Donald Trump

Donald Trump accepts gold bullion (real money) as lease payment from commercial tenant

Sunday, October 09, 2011 by: Ethan A. Huff, staff writer
Tags: Donald Trump, gold bullion, health news


Most Viewed Articles
https://www.naturalnews.com/033819_Donald_Trump_gold_bullion.html
Delicious
diaspora
Print
Email
Share

(NaturalNews) The return of real money has made a triumphant re-entry into the US economy with the recent acceptance by The Trump Organization of gold bullion as payment for a commercial lease property. APMEX, one of the largest dealers of precious metals in the US, paid Donald Trump's company three, one kilo bars (roughly 96.45 troy ounces) of .9999 pure Gold as a security deposit for its newly-leased space on the 50th floor of 40 Wall Street, also known as the Trump Building.

Representing the first time in history that Mr. Trump's organization has ever accepted gold bullion as a money payment, the transaction is truly groundbreaking. Not only does the property APMEX is leasing take up the entire 50th floor in Mr. Trump's "crown jewel" of lower Manhattan, but the sheer scope of its lease agreement proves once again that using Gold as money is a solid and viable way to do business.

"The legacy of Gold as a precious commodity has transcended to become a viable currency and an accepted universal monetary standard," stated Mr. Trump at a recent press conference for the event. "Central Banks around the world are holding Gold as a reserve asset. It is also a terrific, potentially lucrative diversifier in a portfolio, especially with such volatility in the stock market."

Until as late as 1971, when then-President Richard M. Nixon officially eliminated what remained of the US Gold Standard, the US dollar had been back by the precious metal, which gave it stability and real value. During the time in which the Gold Standard was in place, the US economy mostly thrived, and experienced a high level of economic growth and the free trade of goods, labor, and capital (http://www.econlib.org/library/Enc/GoldStand...).

All the ups and downs in the current economy, the inflationary bubbles that eventually "pop," and the fluctuating perceived value of the US dollar, however, are the direct result of the creation of the private, centralized Federal Reserve bank in 1913. This group eventually uprooted the Gold Standard and replaced it with the inflationary currency system currently in place today, where the US dollar is backed by nothing.

Earlier in the year, Steve Forbes of FORBES magazine told Human Events that he predicts a return to the Gold Standard in the US within the next five years. And he supports it, as he believes doing so will help stabilize the economy, restore confidence and value in the US dollar, and essentially reign in the centralized powers from being able to manipulate US currency at will (http://www.humanevents.com/article.php?id=43...).

Sources for this story include:

http://www.apmex.com/donald-trump-news-relea...

Receive Our Free Email Newsletter

Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more.


comments powered by Disqus



Natural News Wire (Sponsored Content)

Science.News
Science News & Studies
Medicine.News
Medicine News and Information
Food.News
Food News & Studies
Health.News
Health News & Studies
Herbs.News
Herbs News & Information
Pollution.News
Pollution News & Studies
Cancer.News
Cancer News & Studies
Climate.News
Climate News & Studies
Survival.News
Survival News & Information
Gear.News
Gear News & Information
Glitch.News
News covering technology, stocks, hackers, and more