Artricle on Kyle Bass
Posted: Tue Feb 07, 2012 12:55 pmhttp://www.dailymail.co.uk/news/article ... runch.html
He said his mother tells him to put his money in 'guns and gold'.
Mr Lewis recalled him pulling out a huge gold brick from his desk drawer and saying: 'We’ve bought a lot of this stuff.'
Mr Bass, who lives in a 40,000 sq ft house, has also bought 20 million nickels for $1million. He said the metal inside each coin is worth 6.8 cents.
‘It may not be the end of the world,’ Mr Bass added. ‘But a lot of people are going to lose a lot of money. Our goal is not to be one of them.'
Assuming that there is about one silver war nickel for $100 there should be about 2000 SW nickels in his stash. I wonder if he realizes that he also bought over 110 ounces of silver with his cupronickel (along with a pound or so of manganese). One answer is that he doesn't know and wouldn't care, but it still amazes me that someone can acquire over $3,000 worth of silver without even realizing it.
He said his mother tells him to put his money in 'guns and gold'.
Mr Lewis recalled him pulling out a huge gold brick from his desk drawer and saying: 'We’ve bought a lot of this stuff.'
Mr Bass, who lives in a 40,000 sq ft house, has also bought 20 million nickels for $1million. He said the metal inside each coin is worth 6.8 cents.
‘It may not be the end of the world,’ Mr Bass added. ‘But a lot of people are going to lose a lot of money. Our goal is not to be one of them.'
Assuming that there is about one silver war nickel for $100 there should be about 2000 SW nickels in his stash. I wonder if he realizes that he also bought over 110 ounces of silver with his cupronickel (along with a pound or so of manganese). One answer is that he doesn't know and wouldn't care, but it still amazes me that someone can acquire over $3,000 worth of silver without even realizing it.