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Trump’s New Gold Standard

by Jerry Robinson on September 14, 2011 · 1 comment

by Jerry Robinson | FTMDaily Editor-in-Chief

HOUSTON, September 14

There's an interesting piece in today's Wall Street Journal. Apparently, the billionaire real estate mogul, Donald Trump, is making headlines after he accepted a security deposit in the form of solid gold from one of his newest commercial residents at his posh 40 Wall Street building in New York City's financial district. The new tenant's ten year lease at the prestigious address required a whopping $176,000 security deposit. 

But there were no U.S. dollars involved in this transaction. 

Instead, the tenant coughed up three 32-ounce gold bars…

And while Mr. Trump didn't require that the payment be made in solid gold, I am also sure that he probably did not mind.

Of course, it should be mentioned that the new resident is a popular gold dealer, American Precious Metals Exchange (APMEX.) It was a brilliant marketing strategy by the gold company given how easy Trump makes headlines.

All of this brings up a good question, however. Are we moving into an era where people and even businesses will readily accept gold and silver as a legitimate form of payment? I firmly believe that we are. How about you? Would you accept gold and silver as payment instead of U.S. dollars? What do you think?  

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Jerry Robinson is an economist, published author, columnist, international conference speaker, and the editor of the financial website, FTMDaily.com. In addition, Robinson hosts a weekly radio program entitled Follow the Money Weekly, an hour long radio show dedicated to deciphering the week's economic news.

 

 

 

 

 

 

Jerry Robinson
Jerry Robinson is the author of Bankruptcy of Our Nation: Your Financial Survival Guide In 2010, Jerry created FTMDaily.com with a mission to wake up Americans and share with them the principles of true financial and spiritual liberty. Every Saturday he hosts the FTMWeekly Radio, a one hour podcast covering economic and geopolitical topics. Jerry has been blessed to be able to lecture around the globe on the topic of economic and geopolitical trends. He holds a degree in Economics from the University of Tulsa and resides in the beautiful Ozark mountains with his beautiful wife and newborn son. See more
Jerry Robinson
Jerry Robinson

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Cheap Web Hosting October 1, 2011 at 12:02 pm

Great article. Thanks!

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