… In 1997, Buffett purchased an estimated 130 million ounces for delivery in 1998…
130 million ounces !?!? Damn that is a lot of silver. He had to take physical control of it too, it wasn’t some kind of paper purchase, that says “congratulations, you are the proud owner of 130 million ounces of silver”. I wonder if he had to add any rooms onto his house for it all.
The United States government is out of silver, they have ZERO ounces left.
Leatherneck wrote:That's around 2.4bil at the current price. Seems weird that the Gov wouldn't have that much.
They don't have any silver at all, none.
In fact they had so much trouble getting the gold bullion needed for coins they didn't make any gold coins for 2009 at all.
Note: The United States Mint is working diligently with current and potential blank suppliers to increase the supply of bullion coin blanks, so it can offer to the public the proof and uncirculated versions of American Eagle silver, gold, and platinum coins in 2010.
Leatherneck wrote:Kind of weird that until I was 5 years old all the coins were silver. Boy would I like to have a few milk jugs full of them now!
There was a really fat lady that worked in a flea market by my old house. She sold me a small Crown Royal bag of foreign coins.
That bag was only two bucks. She said “don’t worry about checking it, there’s nothing good in there” (talking about silver). That bag had a ton of silver in it. She thought because the United States stopped minting silver coins in 1964, everybody did.
Wrong
Canada stopped in 1967 or 68, some other countries were the same way. I think there was about 20 silver coins in that bag. Best two dollars I ever spent on coins. I didn’t get along with that woman for some reason. Stupid, fat, b****.
Sliding down the banister of life ..........................
Attempts were made to find the lost barrel, but the technology of the day (dragging the bottom with grappling hooks and nets) precluded being able to properly search the depths, and the barrel of silver coins was never recovered. The coins remain on the bottom of Opinicon Lake to this day.
Thought you were talking about a bunch of straight silver.
I don't think a barrel of anything would supply a mint for too long.
No mention of a mint in the link you posted either
Lots of lost silver out there though.
Would love to find one of those "mason jars full of buffalo nickels buried by a fence post" -type caches some day.
One of the most valuable gold American coins out there was found in the early 70's (?) by a metal detector enthusiast in the mid-west at a show.
Bought a metal detector, went out into the dirt parking lot to try it out, and found a nice old gold coin worth a whole lot of money.
On the assumption there is one buffalo head nickle per 25,000 nickels in circulation, I should find 1 buffalo head nickle every 4.006 years if I go through each of ~156 rolls per year at our store.
Thought you were talking about a bunch of straight silver.
I don't think a barrel of anything would supply a mint for too long.
No mention of a mint in the link you posted either
Would love to find one of those "mason jars full of buffalo nickels buried by a fence post" -type caches some day.
Did you see that show about Jesse James on the History channel? They found all that stuff buried in old Mason jars.
Check out this quote,
Watched the show in full that gave me the information about the Knights of the Golden Circle and how Jesse was working for them the entire time and that his robberies were actually used to finance the order and also to help the confederacy rise again.
A couple of points that I found compelling in the show:
1. The archeologists followed clues to specific locations in central Kansas and found three main sites with JJ's carved into the stone, a lot of secret code as well in glyph form.
2. They dug at one of these sites and found a broken Mason jar, and digging further found 21 silver dollars a gold 10 dollar and a gold 20 dollar, the coins were from after Jesse was supposed to have died (simple explanation could be that someone else continued to bury the coins)
3. At a second site they found a small gold bar
4. They claimed that Jesse faked his own death and they performed facial recognition on a young Jesse and the corpse and found that it was inconclusive but not an exact match, they also did facial recognition on a JM James who lived until 1935/6 and it was almost identical..
5. Frank James was pardoned by Crittendon, so why would one brother be executed (Crittenden was supposed to have employed Bob Ford to commit the assassination of Jesse) and one pardoned when they were charged with the same crimes?
6. The show finished with them running out of money for the excavation of a site that they claimed had a large chest shaped object in the ground, winter had also stopped them being able to dig.
One thing I found interesting was that the archelogists were carrying shotguns, are there any dangeorous creatures in Kansas or would they be using them for the snakes? (They showed some on the show).
All very compelling as far as conspiracy theories go, does anyone have any further knowledge on this?
Cheers
Todd
Sliding down the banister of life ..........................
On the assumption there is one buffalo head nickle per 25,000 nickels in circulation, I should find 1 buffalo head nickle every 4.006 years if I go through each of ~156 rolls per year at our store.
"in circulation" means "not uncirculated". That emans that the buffalo nickels I have stashed away and won't ever spend are actually considerd as "in circulation." There are many coins in circulation that are being held by collectors.
No one has any right to force data on you
and command you to believe it or else.
If it is not true for you, it isn't true. LRH
Thought you were talking about a bunch of straight silver.
I don't think a barrel of anything would supply a mint for too long.
No mention of a mint in the link you posted either
Lots of lost silver out there though.
Would love to find one of those "mason jars full of buffalo nickels buried by a fence post" -type caches some day.
One of the most valuable gold American coins out there was found in the early 70's (?) by a metal detector enthusiast in the mid-west at a show.
Bought a metal detector, went out into the dirt parking lot to try it out, and found a nice old gold coin worth a whole lot of money.
You have to remember that these coins minted or not are prob worth several thousand $$ EACH if ever found... I would imagin they are huge and just the historical value alone trumps regular silver value. But then again I remembered a story of it just had to find raw details which is what it is.
Sava700 wrote:You have to remember that these coins minted or not are prob worth several thousand $$ EACH if ever found... I would imagin they are huge and just the historical value alone trumps regular silver value.
True
Has nothing to do with what you originally posted though
I thought “Buffett Bucks” was pretty funny too. Lord knows that the man probably has more free capital than the US. He could print his own money. He has the cash to back it up too.
Sliding down the banister of life ..........................
Warren Buffett has more Silver then the US government
