Donald Trump Is Now Accepting Gold Bullion From Tenants

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Golden boy. Photo: John W. Adkisson/Getty Images

Forty Wall Street, a Trump-owned building, has a new tenant, precious-metals dealer Apmex. Instead of handing over $176,000 worth of fiat currency for a security deposit, Apmex is giving Trump three 32-ounce bars of gold. The company is promoting its product, obviously; the Donald is promoting his own product, too. (Himself. Also obviously.) Trump (who — obviously! — declined to reveal how much gold he himself owns) told The Wall Street Journal that "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." Obviously.

Trump's New Gold Standard [WSJ]