In what may become a growing trend for businesses and commerical real estate, the Apmex company on September 15th paid Donald Trump in gold bullion, not dollars, for a lease deposit on their new offices on Wall Street.
This is the first time that a Trump corporation has accepted gold in lieu of US dollars for a purchase or lease of any kind for their properties around the world. In addition, Trump said that this will not be the only time he does this, but that it might just become a trend for the Trump corporations.
For the first time in the history of The Trump Organization, Donald J. Trump will be accepting Gold Bullion as a security deposit. APMEX, one of the largest U.S. precious metals dealers, will give Mr. Trump Gold Bullion today as a deposit on a 10 year commercial lease for the entire 50th floor at 40 Wall Street, also known as the Trump Building.
Donald Trump said, “The Trump Organization has always strived to be ‘the gold standard.’ We welcome APMEX as our tenant at 40 Wall, a prestigious and historical location. The legacy of Gold as a precious commodity has transcended to become a viable currency and an accepted universal monetary standard. 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.” – Apmex
For thousands of years worldwide, and for the first 140 years in the United States, gold was the global currency accepted in every nation, and in every market. It was only when colonial nations such as Britain, the United States, and later, the EU impressed a fiat currency onto the world did gold become a stigma and a ‘barabaric relic’ in the eyes of economists.
Central banks who rely upon the fiction that gold is no longer money are continuously trying to discredit, and dissuade nations and businesses from seeing the metal as money. However, this trend may be changing. As the 40 year reign of the dollar begins to wane in the global economy, and Europe finds itself in a massive debt crisis that no amount of fiat printing can alleviate, nations around the world, particularly the BRIC countries, are accumulating gold for the day when a new gold-backed currency replaces the dollar.
it is not surprising that APMEX, a gold and silver bullion company, is paying Donald Trump in gold for use of an office in the Trump building on Wall Street. What is of importance however, is whether the trend Donald Trump is now starting with his commercial real estate leases will grow in other businesses around the country, and quite possibly push the dollar into the role as the seconary choice for transactions in our economy.