Gold Trumps Greenbacks
Recall the derision and palpable scorn that usually meets Ron Paul and his persistent gold standard fever rants. Or how about the hearty chuckle everybody got from that loon, Rep. Glen Bradley, right here in our own back yard, and his crazy-mad notion to pass the N.C. Constitutional Hard Tender Act.
Donald Trump is laughing all the way to the bank. This from MSN Money:
The newest tenant at Trump’s 40 Wall Street skyscraper is a precious-metals dealer, and Trump has agreed to accept the tenant’s $176,000 security deposit in gold. The dealer, Apmex, will give Trump three 32-ounce bars of gold, each about the size of a television remote control, The Wall Street Journal reported.
It’s the first time Trump has agreed to gold instead of cash as a lease deposit. “I figured Trump is a smart guy, and he’ll realize that taking gold is a better idea than taking cash,” said the chief executive of Apmex.
…
Trump seized the opportunity to turn the deal into a publicity stunt. And he took several jabs at President Barack Obama in the process.
“It’s a sad day when a large property owner starts accepting gold instead of the dollar,” he told the 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.”
That Glen Bradley, what a nutcase.
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