Donald Trump, for the first time ever, accepted Gold bullion as a security deposit on the commercial office space that APMEX will occupy in the Trump Building at 40 Wall Street. “The legacy of Gold as a precious commodity has transcended to become a viable currency and an accepted universal monetary standard,” said Trump. “Central Banks around the world are holding Gold as a reserve asset. It is also a terrific, potentially lucrative diversifier in a portfolio, especially with such volatility in the stock market.”
Michael Haynes, CEO of APMEX commented, “New York is one of the major financial and precious metal capitals of the world and 40 Wall Street is a landmark building. We are experiencing significant growth as more and more investors realize that precious metals such as Gold, Silver, Platinum, and Palladium, may provide balance to a portfolio as a part of the asset allocation. We are pleased that Mr. Trump has agreed to accept Gold as a deposit on this lease, and in doing so expresses his confidence in Gold as a valuable, long term asset.”
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