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To: Jack of All Trades who wrote (3117)3/5/2004 11:05:54 AM
From: Chip McVickar  Respond to of 12410
 
Have long list of silver miners... I'll dig it out if your interested...?

Own PAAS and a few others... also own some silver coins, but not a lot... your folks must be pleased these days.

Don't certified rare coins usually create the best return....?

Gotta come on from the Littleton Coin company way up there in freedom land NH...
They wanted to sell me $1.00 Silver dollars uncirculated for $21.00... scheeeeesch.. I can buy'm in Boston for $10.00



To: Jack of All Trades who wrote (3117)3/5/2004 3:15:44 PM
From: Chip McVickar  Read Replies (1) | Respond to of 12410
 
I stand corrected Buffett owns the commodity not shqares in any mining operation....
berkshirehathaway.com

PAAS on Buffett and Leverage to Silver...
panamericansilver.com

Why did Warren Buffett buy the physical commodity (silver) instead of shares in silver companies?

Since more than 80% of silver is produced as a by-product of base metal, or other precious metal, production, there are no companies with 100% leverage to silver. There are very few companies with good leverage to silver. Warren Buffett invested approximately US$650 million in silver. If he would have wanted to invest the same amount in shares of silver companies, he would have had to buy out completely the largest, purest silver companies, and still would not have gotten 100% leverage to silver.



To: Jack of All Trades who wrote (3117)3/5/2004 3:40:03 PM
From: Chip McVickar  Respond to of 12410
 
This is fascinating.... Good Old New Hampshire....
Wonder if it's passed...?

AN ACT establishing a new system of coinage for the state.

gencourt.state.nh.us

1 Purpose. The United States Congress has relinquished its responsibilities that were delegated to it by New Hampshire and the other sovereign states. These delegated responsibilities are recorded in Article 1, Section 8, Clause 5 of the United States Constitution. The responsibilities the Federal government has relinquished are those of minting money and setting the value thereof. Currently the United States Congress has relinquished its minting responsibility by having delegated this responsibility to a foreign controlled power. Therefore, in this legislation New Hampshire is taking back its sovereign right to mint and set the value of our money to ensure that our money is lawful and is compliant with our constitutions. Other states are considering this same course of action.

I. The State of New Hampshire shall mint and introduce into circulation gold and silver coins of the State of New Hampshire in the face amount of $50,000,000. The coins shall contain one ounce of fine gold or silver, must be alloyed to 90 percent fineness and must bear the great seal of the state of New Hampshire on one side and the words "Contains One Troy Ounce Fine Gold" or "Contains One Troy Ounce Fine Silver", as applicable; "New Hampshire Legal Tender"; the year of issue and "In God We Trust" on the other side. On the edge of the gold coins will be the raised image of New Hampshire and on the edge of the silver coins will be raised lines. The raised edges aid in stopping the practice of coin shaving. The raised images also facilitate blind people being able to determine the coin denomination in their hands. The coins so minted shall be legal money for all debts, public and private, in New Hampshire and as agreed to with other states and countries.



To: Jack of All Trades who wrote (3117)3/5/2004 4:29:51 PM
From: NOW  Read Replies (1) | Respond to of 12410
 
so since when are the rewards dolled out to the many, re debt?
If it is in the intersts of the few that we inflate our way out, and they are the right few, then it may come to pass.