Donald Trump Barters Property For Gold

Share this Post!

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.

author avatar
Alejandra Tenorio
Alejandra Tenorio is the digital editor of Haute Residence and Haute Beauty by Haute Living, reporting on the latest cutting-edge real estate news, interior design trends, beauty industry secrets, wellness tips and more. She also contributes to sister publications Haute Living, Haute Time and Tot Living. She is a graduate from the University of Alabama with a dual degree in Journalism and Creative Media.

Related post