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Trump, Apmex, and Goldilocks
via TVR
From Robbie Whelan of the WSJ and BMG:
In the latest development in the growing surge of support for a return to some form of gold standard, Donald Trump has decided to accept gold bullion as a deposit on a commercial lease. This follows a news story reported on earlier this year where Utah became the first state to legalize gold and silver coins as currency.
On Thursday, the newest tenant in Donald Trump’s 40 Wall Street, a 70-story skyscraper in Manhattan’s Financial District, will hand Mr. Trump a security deposit worth about $176,000. No money will change hands, rather three 32-ounce bars of gold.
The occasion will mark the first time the Trump Organization has accepted 99.9% pure gold bullion, rather than cash, as a deposit on a commercial lease. The tenant, precious-metals dealer Apmex, will sign a 10-year lease for 40 Wall’s 50th floor at a leasing rate of about $50 a square foot, according to Apmex Chief Executive Michael R. Haynes. The company is promoting the use of gold as a replacement for cash in some situations.
“Gold has been a valuable asset class for the last 10,000 years, but the world has drifted away from it,” Mr. Haynes says. “I figured, Trump is a smart guy, and he’ll realize that taking gold is a better idea than taking cash.”
Mr. Trump said he sees the deal as a repudiation of the Obama administration’s economic policies, of which he has been a vocal critic.
“It’s a sad day when a large property owner starts accepting gold instead of the dollar,” Mr. Trump said in an interview. “The economy is bad, and Obama’s not protecting the dollar at all….If I do this, other people are going to start doing it, and maybe we’ll see some changes.”
To view the entire Robbie Whelan article: Trump’s New Gold Standard
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the choice to stay or go is yours. but it's a bit of a stretch to link confirmation bias and wordsmithing to a simple clarification of the context behind a simple phrase.
You say clarification, to me it reads as a rebuke. My apologies if I took it out of context.
See Pladizow's comment above.
It's fight club you pussies.
Both of you STFU!
++ $55,000
I am looking for $60,000.
+ 1
Okay. I lend you $60K for 10 days, you pay me back $70K then.
If you miss your payment, Guido and Tony will be looking for you.
Guido and Tony, huh? Funny, I feel threatened more by Carlos and Julio.....they seem to enjoy their work.....judging from the count