Trump has also made a killing as a gold investor. After the U.S. government legalized private gold ownership in 1975, Trump was an aggressive buyer. He bought in at around $185 an ounce. Then, as he’s noted:
“We sold in the range of $780, $790. We did very well. It’s easier than the construction business.”
In September 2011, Trump accepted gold bars as a security deposit from a commercial tenant. That tenant was APMEX, one of the largest precious metals dealers in the U.S.
Donald Trump with Michael Haynes of APMEX
Trump went on to say:
The Trump Organization has always strived to be ‘the gold standard.’ We welcome APMEX as our tenant at 40 Wall, a prestigious and historical location. The legacy of Gold as a precious commodity has transcended to become a viable currency and an accepted universal monetary standard. 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.
But Trump’s affinity for gold goes much deeper. I encourage you to watch this largely unknown video clip from 2015. At the 0:39 mark, then-candidate Trump says:
Bringing back the gold standard would be very hard to do, but boy, would it be wonderful. We’d have a standard on which to base our money.
He echoes this sentiment in this video here, at the 17:40 mark:
Interviewer: Can you envision a scenario in which this country ever goes back to the gold standard?
Trump: I like the gold standard. There’s something very nice about the gold standard.
…There’s something very nice about having something solid, you know we used to have a very very solid country because it was based on a gold standard. We don’t have that anymore. There is something very nice about the concept of that.
I highly suggest watching these videos. You can see Trump’s enthusiasm when he speaks about gold and the gold standard.
Together, this shows that Trump is open and possibly eager to return to the gold standard…
This is important. Because the “everything bubble” is going to burst on his watch.
I think it will create a crisis unprecedented in living memory.
And the globalists will use it to make the final push for a world central bank. They will also try to push out the dollar as the premier reserve currency and replace it with the SDR.
Returning the dollar to a gold backing is the only way Trump could hope to stop this. I think he knows that.
Whether a new gold-backed dollar or the IMF’s SDR wins out is the $64,000 question. And it will be for the next year or so.
But one thing is certain. Either outcome will be very good for the dollar price of gold and gold mining stocks.
The last time the international monetary system experienced a paradigm shift of this magnitude was in 1971, when President Nixon severed the dollar’s last link to the gold standard.
After that, the dollar price of gold skyrocketed over 2,300%.
It shot from $35 per ounce to a high of $850 in 1980. Gold mining stocks did even better.
Today, gold is still bouncing around its lows. Gold mining stocks are still very cheap. I expect returns to be at least as great as they were during the last paradigm shift. The time to get positioned is now.