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Tyler Durden Jul 3, 2016 10:50 PM Update: Silver just exploded above $21 - up almost 8% - its biggest single day surge since September 2013. Silver is limit up on SHFE as Gold is also surging back towards Brexit highs near $1360... China's CFETS Renminbi basket just hit a record low..(snip)Lots of charts...click on link(snip)

In a deal that defies currently accepted norms, Donald Trump has rented out the 50th floor of the Trump Building at 40 Wall Street to American Precious Metals Exchange (APMEX) and has allowed the company to pay the security deposit in gold.Trump agreed to accept three 32-ounce bars of gold in lieu of the cash security deposit. As of this writing, gold was trading at $1227.40 per ounce, making the 96 ounces of gold that Trump is holding worth $117,830.40. That should be more than sufficient to cover the security deposit for the 10-year rental.The deal is a win-win situation...

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...