Donald Trump apparently disagrees with Fed Chairman Ben Bernanke that gold is not money. The prominent real estate investor’s Trump Organization announced that it will accept three 32 ounce gold bars as a security deposit from tenant Apmex at 40 Wall Street in New York City.
According to the Wall Street Journal, Trump commented that “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.”
Apmex, which is renting office space on the 50th floor of the building, is a precious metals dealer. CEO Michael Haynes stated that “I figured, Trump is a smart guy, and he’ll realize that taking gold is a better idea than taking cash.”
Aurizon Exploration Continues to Yield Positive Results
As at December 31, 2010, the 123 Zone contained mineral reserves of 117,700 gold ounces, indicated mineral resources of 23,700 ounces, and inferred mineral resources of 234,100 ounces. Full Aurizon Mines Press Release.
- The best results were 23.3 grams per tonne (g/t) of gold over 6.7m in hole CBP-0283 and 15.2 g/t gold over 8.5m in hole CBP-0272.
- Based on the encouraging initial results, underground in-fill drilling will be intensified with the addition of three drill rigs.
- Aurizon plans to complete an updated mineral resource estimate by December 31, 2011.
