Tuesday, April 26, 2016

Gold Is Money:
New Court Ruling In Ohio
Allows For Return Of Gold Clauses
In Rental Agreements
Article reports an interesting development in rental agreements .. a court ruling last month in Ohio - a Federal judge ruled that rents tied to gold clauses are now once again legal after nearly 80 years of being deemed null & void following the confiscation of gold in 1933 .. "A gold clause is an agreement where the rent of a commercial property can be raised or lowered in accordance to the price of gold at the time of renewal. And for the agreement made in 1919 at the Commerce Building in downtown Columbus, OH, this means that the property holders can legally raise the rent on the business leasing the office space to a sum tied directly to the current price of gold, which now stands at around $1240 per ounce."
LINK HERE to the article

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