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Some Words Of Advice From Kyle Bass

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Sun, 10/16/2011 - 13:43 | 1778940 X.inf.capt
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gold and guns...


well, i see ZH is making its mark...

if people with BIG money are getting ready for a 'controlled' or uncontrolled default,,look out!

Sun, 10/16/2011 - 13:48 | 1778961 Stoploss
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Wate, i thowt wee wass ignernt rednex..

Sun, 10/16/2011 - 13:50 | 1778966 X.inf.capt
X.inf.capt's picture

nope, i dont think so....

i think you guys were ahead of the curve...

as usual...

Sun, 10/16/2011 - 14:19 | 1779013 Bananamerican
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“I think this is something we need to go through. It’s atonement. It’s atonement for the sins of the past.

I've thought this since W...

We've literally got hell to pay...

Sun, 10/16/2011 - 14:23 | 1779023 X.inf.capt
X.inf.capt's picture

i've always thought it was going to be bad...

just how we prepare now will determine how bad it will be for each of us...

but it will be bad...

Sun, 10/16/2011 - 15:36 | 1779178 Pladizow
Pladizow's picture

Unlike Bass, I prefer dimes to nickels, whether they be pre 1965, blond, brunette or red head!

However, like Bass, I too enjoy exploding on beavers!

Sun, 10/16/2011 - 16:02 | 1779244 X.inf.capt
X.inf.capt's picture

im a dime hound, too..

i dont go for gold, but everyone has a preference...

im not a gun guy either...well, anymore...

red beavers are pretty wild....my favorite!

Sun, 10/16/2011 - 17:00 | 1779352 Idiot Savant
Idiot Savant's picture

Kyle's a smart guy, but what's he going to do with those nickles? It's illegal to melt them. Even if he finds someone willing to break the law, they're going to want a cut. Perhaps I'm missing an angle. Additionally, why would he divulge the fact that he has land, weapons, and explosives? Sounds like an invitation to the ATF to me.

Sun, 10/16/2011 - 17:11 | 1779366 akak
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It will only remain (technically) illegal to melt those five-cent coins until they are no longer produced by the US Mint.

It was also illegal at one time to melt 90% silver coins --- do the smelters have to worry about today?

Personally, though, I think the tactic is ridiculous --- if one wants to hold physical metals, gold, silver, platinum or palladium are vastly less bulky, and have a much more established market than cupro-nickel alloy.If the metal in the coins were today worth, say, four or five times their face value, then one might have justification for hoarding them, but at a 10 or 15% differential, why the fuck would one bother?  Assaying and processing fees would easily eat up that small current value advantage.

Sun, 10/16/2011 - 17:23 | 1779396 Motley Fool
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If he betting on HI occurring in the USA then a million dollar's worth of nickels would be good for exchange, to procure what he needs during such an event.


A million dollars is spending money for a billionaire after all.

Sun, 10/16/2011 - 17:32 | 1779413 Mr. White
Mr. White's picture

He can make a hell of a battery with all those nickels, like Walter did when caught in the desert in Breaking Bad. Plus, it's like holding cash with some real value as insurance.

Sun, 10/16/2011 - 17:32 | 1779414 jedimarkus
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Nickel?  Ha, put on the brass/lead/copper combo spread..... = bullets....

Sun, 10/16/2011 - 17:33 | 1779415 Mr. White
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He can make a hell of a battery with all those nickels, like Walter did when caught in the desert in Breaking Bad. Plus, it's like holding cash with some real value as insurance.

Sun, 10/16/2011 - 18:20 | 1779502 juslen
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Yes, but if he is WRONG.. all he has to do is cash in his nickels and take a fractional loss. If he buys silver or gold, he has to pay a high premium, and if the government doesn't print money, prices may fall drastically. If you buy nickels by the MILLIONS the bank is definately going to charge some type of fee to get you all the nickels you ordered. So there is risk involved. But like I said, if things turn around, he can cash the nickels back in for a minimal loss. If he is right.. well.. he paid around spot for copper and nickel and if he can sell it for fair market value, he could make a 50+ percent profit.

Sun, 10/16/2011 - 19:02 | 1779594 myne
myne's picture

Hah that's actually brilliant.

Downside protection against deflation and upside gains based on inflation.

Sun, 10/16/2011 - 21:28 | 1779960 Upswaller
Upswaller's picture

It gets even better.  If or when the government decides to revalue our currency by knocking off a couple of zeros and re-issuing "new" paper money, history shows governments LEAVE the coins as-is.  So the coins KEEP their face value, while the paper loses big time.

So there you have it.


Sun, 10/16/2011 - 19:48 | 1779675 Things that go bump
Things that go bump's picture

On the other hand, if we all wake up one day to find our government has gifted us with a brand new currency, say at an exhange rate of 10:1 or even the favorite of North Korea - 100:1, governments seldom bother with the coinage and those nickels will probably make the transition at a happy ratio, each being worth 1/20 of a new currency dollar. So while those not so foresighted have seen their net value drop to $10,000 for every $100,000, the value of his nickels will have made the transition intact.  Smart guy.

Sun, 10/16/2011 - 20:06 | 1779723 Manthong
Manthong's picture

For $500 you can get 5 bank bricks - 10,000 nickles, and at worst, you have $500 cash that will tone the biceps.

At best, you have modest amount of coins that can make the transition to low level bullion when the government decides to stop making them at a loss and might have incremental value in Barter Town.


Wed, 11/16/2011 - 01:46 | 1881755 Don Keot
Don Keot's picture

Two weeks ago I went right down to my bank and ordered $500 in nickels.  The head teller said she would have them in three days.  She also asked why I wanted the nickels, so I said "I like nickels", that was it.  I felt pretty special when they rolled out my nickels on their bullion cart, all the way out to my car.  $100 bricks of nickels still look pretty good.  All brand new 2011 in rolls, in bricks.  

Fri, 11/04/2011 - 21:03 | 1847224 James
James's picture

3 - 4 weeks ago on ZeroHedge a young 20 something who lamented his inability to get in the game of PMs because of his minimum wage job left him broke w/not alot of cash to spend.

I suggested he get rolls of nickels at banks and casinos because of the spread.

Also the potential of finding pre- '65 issue

 I was laughed at by some ZeroHedge posters.

For the record, this was not my idea but James Wesley Rawles over @ survivalblog.com has a story on this subject


Sun, 12/18/2011 - 11:24 | 1991409 rehypothecator
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Up until 1964, nickels were 25% nickel and 75% copper.  But starting in 1965, they changed the composition to 75% copper and 25% nickel.  

Mon, 05/28/2012 - 16:59 | 2470109 cornedmutton
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I used to have a dick and two balls.  Yesterday, I woke up and had two balls and a dick.  Wild!

Sun, 10/16/2011 - 18:53 | 1779570 disabledvet
disabledvet's picture

i thought diamonds had the "ounce per dollar" victory hands down? ah, i understand. governments don't back anything in diamonds.

Sun, 10/16/2011 - 20:21 | 1779756 Quaderratic Probing
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I filled my basement with 14 tons of newspapers, at $3 a ton........

Mon, 10/17/2011 - 06:01 | 1780622 merizobeach
merizobeach's picture

Need a light?

Sun, 10/16/2011 - 17:34 | 1779421 Dugald
Dugald's picture

Hence the nickles, bribe money......

Sun, 10/16/2011 - 23:15 | 1779733 Gene8696
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This is Texas... Land, weapons, and explosives are just the norm. Yes explosives are very legal to farm & land owners... In fact the mixture that was used to blowup the fed building in Oklahoma City, is exactly what ranchers use to remove tree stumps, beaver dams, ground hogs, etc.. The only difference is ranchers don't use truckloads of the stuff.

Short of the nickels, his stockpile sounds like many of my neighbors.

Mon, 10/17/2011 - 06:05 | 1780627 merizobeach
merizobeach's picture

Wait a minute..  You're telling us that a bomb in a truck parked on the street blew off half of a concrete building, including the supporting columns?  Ok, physics major, nice try..

Mon, 10/17/2011 - 08:46 | 1780888 Gene8696
Gene8696's picture

Well I guess I am telling you that... But my point is, bags of that same mixture are in barns all around here, and it's perfectly legal.

Mon, 10/17/2011 - 23:57 | 1784106 merizobeach
merizobeach's picture

I take your word that it is all perfectly legal.  I've no reason to doubt it.  Sounds like that's the law.


I will never believe, though, that the damage to OKC federal building was done by a fertiziler bomb on the street and not explosives attached to the supporting columns of the building.  That's just physics.  http://cache.blippitt.com/wp-content/uploads/2010/04/oklahomacitybombing...


If you haven't, check into the story and death of OKC police officer Terry Yeakey.

Sun, 10/16/2011 - 21:29 | 1779961 mickeyman
mickeyman's picture

In Ghana we have seen old (copper) coins trading as tokens in the market, despite the fact that their face value was less than 1/10,000th of a cent. You don't need to melt them--they are a known weight of metal. The same could be true of nickels (and old pennies) after a currency event.

Mon, 10/17/2011 - 00:06 | 1780312 Ranger4564
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Never mind... some clever people above made more interesting points.

Mon, 10/17/2011 - 06:23 | 1780642 Sgt.Sausage
Sgt.Sausage's picture

What do folks do with all those silver dimes, quarters, halfs and dollars from 50 years ago.

I don't know a single individual who melts them down - legal or not - but they're still worth a metric shit-ton more than face value today. A quarter, 50 years ago, was 25 cents. Now it's, what, about 600 cents?

So, too, will the nickels go.



Sun, 10/16/2011 - 16:21 | 1779276 Taterboy
Taterboy's picture

As long as he doesn't shave the beavers, he's okay in my book.

Sun, 10/16/2011 - 18:20 | 1779503 lincolnsteffens
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Just a little trim around the edges and snip the split ends.

Sun, 10/16/2011 - 15:01 | 1779091 knukles
knukles's picture

"W" as in Woodrow Wilson, right?

Sun, 10/16/2011 - 22:20 | 1780118 Dantzler
Dantzler's picture

Nicely done, knukles.

Sun, 10/16/2011 - 14:25 | 1779027 Pure Evil
Pure Evil's picture

And the dude pays good money on the value of tinfoil hat trade in's.

My neighbor just bought an upgraded aluminum foil hat with all the bells and wistles.

Sun, 10/16/2011 - 15:15 | 1779128 X.inf.capt
X.inf.capt's picture


well, evil

how can someone preparing for an emergency be wrong...

FEMA says stock up, in case of an disaster

i think most ZH'ers see a disaster coming...

no tin foil hat needed for that...

Sun, 10/16/2011 - 15:33 | 1779185 Pure Evil
Pure Evil's picture

We'll all need tinfoil hats soon, keep the RFID chip implanted in your brain from networking with skynet.

They'll also serve another purpose.

Zombies are attracted to the Delta waves generated by the electro-chemical impulses of your neurons.

Therefore in order to keep the Mexican zombie hordes from discovering your whereabouts, you'll need a 100% aluminum foil hat to attenuate the signals produced by your delicious brain.

Brains, the delicacy of zombies.

Sun, 10/16/2011 - 16:53 | 1779343 flattrader
flattrader's picture

Tin foil hats don't protect you from beaming.  They enhance it.

Here is THE definitive study--



On the Effectiveness of Aluminium Foil Helmets: An Empirical Study

Ali Rahimi1, Ben Recht 2, Jason Taylor 2, Noah Vawter 2
17 Feb 2005

1: Electrical Engineering and Computer Science department, MIT.
2: Media Laboratory, MIT.


>>>Among a fringe community of paranoids, aluminum helmets serve as the protective measure of choice against invasive radio signals. We investigate the efficacy of three aluminum helmet designs on a sample group of four individuals. Using a $250,000 network analyser, we find that although on average all helmets attenuate invasive radio frequencies in either directions (either emanating from an outside source, or emanating from the cranium of the subject), certain frequencies are in fact greatly amplified. These amplified frequencies coincide with radio bands reserved for government use according to the Federal Communication Commission (FCC). Statistical evidence suggests the use of helmets may in fact enhance the government's invasive abilities. We speculate that the government may in fact have started the helmet craze for this reason.<<<

I thought ZHers where smarter than to fall for the obvious NWO propaganda on tin foil hats.


Sun, 10/16/2011 - 17:13 | 1779377 bread baker wshtf
bread baker wshtf's picture


Sun, 10/16/2011 - 17:12 | 1779382 RockyRacoon
RockyRacoon's picture

Your research tax dollars at work.  

Sun, 10/16/2011 - 17:29 | 1779408 X.inf.capt
X.inf.capt's picture

hey, rocky, please tell me these guys arent serious....


Mon, 10/17/2011 - 06:10 | 1780631 merizobeach
merizobeach's picture

I've almost got the $250K, then I can buy my own 'network analyser'!

Sun, 10/16/2011 - 17:02 | 1779349 Dave Thomas
Dave Thomas's picture

I only use genuine 3M Velostat ® in my deflector beanies! It keeps the aliens away, but also much lighter!




P.S. That MIT Team works for the Illuminanti so what do you think THEY want you to think!

Sun, 10/16/2011 - 17:08 | 1779370 flattrader
flattrader's picture

I thought we were trying to stop the government from beaming messages into our brains?  What do aliens have to do with this?

Stop trying to obfuscate the issue!

[Alien abduction may be the only way to avoid getting swept up in the Great Reset...So there.]

Sun, 10/16/2011 - 13:48 | 1778962 CrazyCooter
CrazyCooter's picture

Sounds like he's just a good ol' boy ...




Sun, 10/16/2011 - 13:52 | 1778969 X.inf.capt
X.inf.capt's picture

hey, cooter,

he sounds like he see's something...


Sun, 10/16/2011 - 14:02 | 1778979 CrazyCooter
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It didn't occur to me just now, but I think Kyle Bass is part of the Bass family from Ft Worth.

The Bass family is an interesting clan. You can read a bit here ...


Short version is the Bass family is multi-generational business owners involved in a lot of stuff. They are very active in Ft Worth with regards to arts, philanthropy, and such. They just seem like a class act for the most part.

Besides, if I had a couple billion, I would have a huge ranch, explosives, and sniper rifles too ... LOL



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