Quote from: Phinnaeus Gage on May 21, 2013, 05:50:41 AM

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Quote from: k9quaint on May 21, 2013, 05:24:34 AM

Quote from: Syke on May 21, 2013, 04:54:52 AM

Quote from: wrenchmonkey on May 21, 2013, 12:47:00 AM

For starters, the charges you're referencing appear to have been little more than an IRS witch hunt. Maybe he voted Republican? Roll Eyes

It takes a special kind of person to defend a felon convicted of scamming millions of dollars from senior citizens.

Perhaps Wrenchmonkey and Mr. Vleisides have more in common than we thought. Lips sealed

From his very first post, 330 posts ago...

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So I hate adding fluff to forums, but I guess that's where I am for the time being.

Speaking of riding the short bus, I present a line from his second post...

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Very generous of you. I've been buying copper, since I can't afford precious metals.

Yet he's able to afford a place to store a couple tons of copper to eventually sell it for ten grand, profit made once he subtracts his investment cost.

Even if he's going the save-the-copper-pennies route, he'll need to amass 292,000 pennies to equal a ton. If he sells the pennies at $.05 (5 cents each), he'll earn a whopping 400% profit, having ONLY his time and storage space for the pennies as his overheard, netting him a $11,680 ROI in who-knows-when.

Here's what 2.5 tons of pennies looks like with a face value of only $10,000 being that their mixed clad:

If all copper, and at five cents each, his profit would be $40,000.

Here's a comment quoted from the source of the image: http://davidszondy.blogspot.com/2006/08/penny-millionaire.html

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Kim said...

I would love to make this and start collecting pennies. Does anyone know what the dimensions are for this?

Obviously she's no Sherlocks Holmes, for clearly one could easily deduce it's approximately 2' X 2' X 7' (the plaque is at eye level, thus a 7' max height; the floor tiles are 12" square).

Now, we've come full circle: http://www.mynews3.com/content/news/story/James-Ray-The-Silver-King-Houston-dead-at-66/PBuDmtPW60WSB9kDsWc3rg.cspx

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Houston would float grand plans for get rich schemes, but was shaky with the details. Like the time he returned to Las Vegas in June of 1980 to seek investors in a scam to gather millions of pennies.

But let's assume he's the driver of the short bus, and doesn't collect pennies. He's then paying spot for copper bullion which, by the way, will take up a helluva lot more space and have a much higher investment involved. Let's hope he's wearing his glasses and sees the STOP sign straight ahead, otherwise there's going to be some messed up special people, all with pre-orders at BFL.

Wow, schizophrenic much? This is like watching Russel Crowe 'decrypt the Russian secrets in the newspapers,' minus the whole 'brilliant human being' part.

I occasionally buy copper Bullion, when I can pick it up below spot. Anybody with two brain cells to rub together knows that bullion is easier to store than coins. Copper is sold by the POUND or more, to most serious buyers, and a pile of 5lb ingots is MUCH easier to store than 5 lbs of pennies. I do know some penny hoarders (and they don't do mixed clad, they do 100% pure copper pennies, and discard the clad at face value), but since it's illegal to melt US currency down, I don't bother. Copper storage doesn't require a special facility, nor does investment necessitate a physical holding of the stuff. Read up on "futures trading", if you're interested in educating yourself.

The bullion I've bought over the past few years has appreciated quite nicely, and will continue to do so as quantitative easing drives inflation. Same story for the futures I've traded.

You people want to reduce everything to an argumentum ad hominem, and appeal to motive, any time somebody disagrees with your narrow world view. It's actually pretty entertaining, albeit predictable.

Now get back to lickin' them windows, boy. I don't know why I keep having to remind you...