Daily Archives: August 28, 2008
Silver, Gold and Platinum Rise, but Pressure Felt
New York silver, gold and platinum bucked the normal trend, rising Thursday while crude-oil fell and the U.S. dollar gained strength.
Silver for October...
Landlord Demands Rent in Gold Coins, Federal Court Affirms
A Cleveland landlord can demand payments in gold coins, according to a federal appeals court ruling Wednesday.
The U.S. Court of Appeals for the Sixth Circuit ruled a "gold clause" contained in a 1912 lease agreement was enforceable, reversing a lower courts decision and requiring it to determine an equivalent rent.
The breach of contract lawsuit was filed by building owner 216 Jamaica Avenue, LCC against renter S&R Playhouse Realty Co., who had been paying an annual rent of $35,000 since their obligated assumption of the lease in 1982.