Nothing new here. September 15th MSN ran the big headline… “Trump Takes Payment In Gold Bars” from his latest tenant, a precious metals dealer. Three gold bars worth a $176,000 for the security deposit.
The newest tenant at Trump’s 40 Wall Street skyscraper is a precious-metals dealer, and Trump has agreed to accept the tenant’s $176,000 security deposit in gold. The dealer, Apmex, will give Trump three 32-ounce bars of gold, each about the size of a television remote control, The Wall Street Journal reported.
It’s the first time Trump has agreed to gold instead of cash as a lease deposit. “I figured Trump is a smart guy, and he’ll realize that taking gold is a better idea than taking cash,” said the chief executive of Apmex.
Remember Trump has declared bankruptcy a total of 4 times now, although never personally… it’s never personal. And I’m sure that’s what the tenant is telling Mr. Trump too….
Here’s gold since Trump took payment…Terms & Conditions page for a full disclaimer.
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