Kyle Bass Purchased $1M in Canadian Nickles, Not US

[camtender]

I recently saw a interview with Bass and he said he purchase Canadian.........

[JobIII]

He may have also bought canadian nickels. But the original story details him buying 20 million US nickels. put up a link if you find it.

[NHsorter]

He's probably a Realcent lurker.

[creshka46]

He's probably a Realcent lurker.

Come out Kyle! We want to hear your input! Maybe you could start a few give aways in the Contest Forum

[camtender]

I don't know how authoritative the Kyle Bass Blog is, but here is one of the article talking about Canadian.

http://kylebassblog.blogspot.com/search ... -results=3

Bass is known for his uncommon investment bets as well as talented mind. He currently holds physical gold. Platinum as well as 20 million 5 cent Canadian Nickels. His 700 times return on his investment will earn him many fans in the investment world. The true value of his holdings will be fully revealed when the payout rates are decided after an auction of the old Greek debt.

[JobIII]

I'm not sure about it either. But his interview didn't say he spoke to a canadian bank. Also the interview wasn't that long ago. So if he simply called a bank to get nickels they wouldn't have been sorted. Also he states nickels are valued at 6.8 cents, clearly not talking about pure nickels.

He's also incredibly wealthy, so $1 million in US and $1 million in CA nickels would not set him back that much.

~JobIII

[Copper Catcher]

http://seekingalpha.com/article/297527- ... and-silver

[Recyclersteve]

I don't know how authoritative the Kyle Bass Blog is, but here is one of the article talking about Canadian.

http://kylebassblog.blogspot.com/search ... -results=3

Bass is known for his uncommon investment bets as well as talented mind. He currently holds physical gold. Platinum as well as 20 million 5 cent Canadian Nickels. His 700 times return on his investment will earn him many fans in the investment world. The true value of his holdings will be fully revealed when the payout rates are decided after an auction of the old Greek debt.

I don't know where this quote came from. I looked back at the archives on the site and couldn't find the quote above. Still, just using common sense, there aren't nearly as many Canadian nickels as there are U.S. Also, the stories I heard from multiple sources, mentioned him contacting the Federal Reserve, which would mean U.S. Also, as mentioned by another poster, he said the coins were worth something like 6.8 cents at the time- Canadian pre82 nickels would have been worth much more. And another point- Canada began their ARP recovery program several years before Bass made his purchase, so I can't imagine he was that excited about Canadian nickels in such a substantial quantity. Sorry for piling on with so much stuff here...