Donald Trump Barters Property For Gold

Previous PostUS Weekly's 25 Most Stylish New Yorkers Party at Dream Downtown
Next PostTommy Hilfiger Calls Off Plans To Buy NYC Clock Tower

Once upon a time, before currency was invented, exchange of goods and services survived on a barter system. Today, when when is considerably unstable and monetary crisis is looming throughout the world, barter may be a more predictable exchange.  And in a nod to that, Apmex, one of the nation’s largest and most active precious metal dealers has traded three 32-ounce gold bars with Donald Trump in exchange for a 10-year lease for 40 Wall Street’s 50th floor valued at a security deposit of about $176,000.  This trade also sets a record as it is the first time the Trump Organization has accepted 99.9% pure gold bullion.

Trump confirms reports and explains, “It’s a sad day when a large property owner starts accepting gold instead of the dollar. 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.

Source:  Luxury Launches

Like Haute Living New York? Join our Facebook page or follow us on Twitter @HauteLivingNY. Want Haute Living New York delivered to your inbox once a week? Sign up for our newsletter.

connect with haute living National
View All