A business that began as a booth in an Edmond antiques mall has leased 10,000 square feet of office space on Wall Street, and paid its security deposit in gold bullion. American Precious Metals Exchange, formerly known as Edmond Coins, presented its new landlord Donald Trump with three 1-kilogram gold bars as a deposit on the company's commercial lease for the 50th floor of 40 Wall Street, a 70-story skyscraper in Manhattan's Financial District that once was the world's tallest building.
Gold recently has been selling for nearly $1,800 an ounce, making Trump's three gold bars worth about $170,000. American Precious Metals Exchange is based in the former Federal Reserve Bank branch in downtown Oklahoma City. The company, also known as APMEX, will take occupancy of its Wall Street office in about 90 days, and plans to have 25 employees at the site initially, with an option to increase space to accommodate as many as 200. Finance and marketing staff will work in New York, while the company's distribution headquarters will remain in Oklahoma City, the firm said. Read More.
