Posted on 09/27/2022 8:07:56 AM PDT by Chode
😆
“who run a side hustle of buying surplus lots”.
Really,no bias there.🙄
Bury them,then when the 💩 hits the fan dig em up and trade them.🤔
none
I needed 4 or 5 good cases. I bought a pallet with 12 cases (the smallest lot the local military base had). This was years ago and it cost me $300 or so. The really good sturdy plastic cases (Hardee brand or something, like Pelican).
I ended up selling the ones I didn’t need for $50 each.
Yup! Just like the hot and aggressive school teachers, you missed out on this one, too! :-)
Now that is a lousy idea. Here’s why.
A US gold coin is easily “authenticated”. A few of the coins in the hoard are worth about $1 million dollars each, to collectors. All of them worth far more than the melt value. The gold content of a $20 gold piece is about $1600 at today’s spot price, or near enough.
But if someone actually were to melt one down, it isn’t worth near $1600 any longer. It’s just a blob of unrecognizable gold, and without assay a dealer can’t be sure of the purity. At least that’s what they’ll claim anyway.
They’d probably offer about 75% of the actual value, maybe even less. Not sure exactly, but most definitely a big discount.
So a coin worth $1 million is turned into maybe $1000 bucks? Stupid!
The coins weren't worth $1, $1k, or $1m to those that found them once they had to turn them over. They were worth $0.
As the article said, the “Saddle Ridge Hoard” had a gold value of $2.5 million and $10 million of numismatic value to the government.
As for a "blob" of unrecognizable gold, you must never have dealt with gold "eggs" that are common in foreign countries but are also traded amongst U.S. gold merchants. They pay well for untraceable gold.
If they had been confiscated I suppose you might have a point. Except, the weren’t. The gubbmint said “Nope, not ours”.
Nobody pays well for a blob of metal that might (or might not) be gold. That isn’t how this works. That isn’t how any of this works.
They don’t want “untraceable” gold. They want recognizable gold of known quantity, purity, and fineness. Anything else is discounted heavily.
While I can agree it would be “nice” to find a large buried treasure and keep silent, in practice it is extremely difficult to pull off.
I saw those used a lot. They have the little air pressure release button them? Every day, every commander sends a report up the chain of command on readiness levels, deployability, how many trucks, ships, planes, etc are at 100%.
Aircraft get a lot of attention in particular. If an aircraft is broken, or “Red X’d”, there are various acceptable answers as to why it is unflyable, and when it is estimated to be back to flying status. As I recall it was something called “AOG” for “Aircraft On Ground” - due to parts unavailability - that got their attention at the puzzle palace. Some hydraulic pump or something. Nobody has one. Then, somebody somewhere would find one, deep at a Army Depot.
We’d get a 75 pound shipping container FEDEX overnight from Tobyhanna to Hawaii, stuff like that. Wonder what that cost? LOL
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