Posted on 09/16/2011 12:12:01 PM PDT by native texan
September 15, 2011, New York, NY – 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.
40 Wall Street, formerly the tallest building in the world in 1930, is known as the “crown jewel” of lower Manhattan and was purchased and restored to its original grandeur by Trump in 1995. At the signing of the lease today at 11:00 AM ET at Trump Tower on 725 Fifth Avenue, APMEX CEO Michael Haynes will present Donald Trump with three, one kilo, .9999 pure Gold bars, weighing in total approximately 96.45 troy ounces.
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.”
(Excerpt) Read more at apmex.com ...
I was very pleased with the business I’ve conducted with APMEX. Glad to see their business is prospering. Seems the Donald has come around to accepting real money in payment.
Trump is setting a good example. One that our printing-press government won’t like.
Yeah I had to sell some silver lately which I only made like 250% on in 18 months or so. APMEX gave me spot or close to it.
$174,795.00 for a whole floor? How much is a half going for?
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