Why shouldn't Trump take gold? The too-big-to-fail banks have already instituted similar policies stating they'll take it as well for payments/collateral.
I'd take it too....and so would a few supermodels.
Depends on what was done after the gold was taken in payment. If sold at that time and locked in that price, then what's the advantage of taking it in the first place?
If sold later for a loss, or held till now, should have stuck with good ole dollars, it turns out.
<< <i>Depends on what was done after the gold was taken in payment. If sold at that time and locked in that price, then what's the advantage of taking it in the first place?
If sold later for a loss, or held till now, should have stuck with good ole dollars, it turns out.
Kip
Posts: 852
Comments
Be careful out there
Liberty: Parent of Science & Industry
both parties better be careful how transaction is reported as income by one and expense by the other. IRS would love some PR as well.
"Who needs risk management when you’ve got guaranteed bailouts? - Jesse Felder
<< <i>Amazingly symbolic publicity stunt, this kind of stuff often marks the top in lots of markets.
Be careful out there >>
Just look at gold..It has burst
It's probably only really worth half of that. the rest is hype bubble isn't it?
Liberty: Parent of Science & Industry
this is just a publicity stunt for the both APMEX and Trump.
Both love the free advertising.
The sad part is that this message sent will not be a message received by anyone important.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>Gold is currently bid at a very patriotic $1776.
It's probably only really worth half of that. the rest is hype bubble isn't it? >>
Absolutely! Remember, the supply of dollars is limited but the government can print all the gold it wants.
My Adolph A. Weinman signature
<< <i>
<< <i>Gold is currently bid at a very patriotic $1776.
It's probably only really worth half of that. the rest is hype bubble isn't it? >>
Absolutely! Remember, the supply of dollars is limited but the government can print all the gold it wants.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
I'd take it too....and so would a few supermodels.
roadrunner
If sold later for a loss, or held till now, should have stuck with good ole dollars, it turns out.
Gold price since then
Liberty: Parent of Science & Industry
<< <i>Depends on what was done after the gold was taken in payment. If sold at that time and locked in that price, then what's the advantage of taking it in the first place?
If sold later for a loss, or held till now, should have stuck with good ole dollars, it turns out.
Gold price since then >>
Maybe he's aware of the long term gold value vs. dollar value and not just thinking about his needs for tomorrow.
"Who needs risk management when you’ve got guaranteed bailouts? - Jesse Felder
Liberty: Parent of Science & Industry
Liberty: Parent of Science & Industry