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For Trump, Gold Is Better Than Cash

For Trump, Gold Is Better Than Cash

By Randy Desoto:

Is gold better than cash? Donald Trump accepted three bars of it as a security deposit when a new tenant moved into his 40 Wall Street property in New York’s financial district.

Michael Haynes, chief executive of APMEX, the tenant, convinced the real estate mogul that accepting gold offered the greatest security for him. “I figured, Trump is a smart guy, and he’ll realize that taking gold is a better idea than taking cash.”

Haynes gave Trump three 32 ounce gold bars for APMEX’s deposit, valued at over $100,000. At the time, Trump expressed concern about the nation’s currency. “It’s a sad day when a large property owner starts accepting gold instead of the dollar,” Mr. Trump told the Wall Street Journal.

“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,” the businessman added at the time.

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Post source : https://srsroccoreport.com/for-trump-gold-is-better-than-cash/

About The Author

• Co-Host “Live in Las Vegas w/Dave & Chad” KDWN 720AM 2014 - present • Operations Manager / Sports Director KXNT 100.5FM ’10-’14 • Co-Host “Over/Under” KXNT 100.5FM ‘10-’12 • Producer Las Vegas’ #1 morning show “mark & Mercedes” ‘01-’05 • Imaging director/Assistant Program Director 100.5 Jack FM ‘05-’10 • E.M.A (Best Production / Creative Services Manager) 2006 "One of Chad's great strengths is his sense of humor and translating it on the air. Not only did he have the staff constantly laughing in the hallways, he kept our listeners coming back for more on the air." Vice President of Programming Beasley Broadcasting: Justin Chase

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