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$7 Million In Gold Bars Found In Reclusive Manís Home Month After He Died
lasvegas.cbslocal.com ^ | Sept 17, 2012 | N/A

Posted on 09/17/2012 9:20:41 PM PDT by Jet Jaguar

A Carson City recluse whose body was found in his home at least a month after he died left only $200 in his bank account.

But as Walter Samaszko Jr.’s house was being cleared for sale, officials made a surprise discovery: gold bars and coins valued at $7 million.

“Nobody had any clue he was hoarding the gold,” Carson City Clerk-Recorder Alan Glover told the Las Vegas Sun, adding it was found stored in boxes in the house and garage.

The 69-year-old Samaszko was found dead in his home in late June after neighbors called authorities. He had been dead of heart problems for at least a month, according to the coroner.

He had lived in the house since the 1960s, and his mother lived with him until her death in 1992.

He left no will and had no apparent close relatives. But using a list of those who attended the mother’s funeral, Glover’s office tracked down Arlene Magdanz, a first cousin in San Rafael, Calif., the Sun reported.

(Excerpt) Read more at lasvegas.cbslocal.com ...


TOPICS: News/Current Events
KEYWORDS: gold
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1 posted on 09/17/2012 9:20:46 PM PDT by Jet Jaguar
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To: jiggyboy; PA Engineer; blam; TigerLikesRooster; Cheap_Hessian; CJinVA; Jet Jaguar; ...

Goldbug ping


2 posted on 09/17/2012 9:22:06 PM PDT by Jet Jaguar (The pundits have forgotten the 2010 election.)
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To: Jet Jaguar

Sounds like a lot, but would probably only fill a shoebox or so...


3 posted on 09/17/2012 9:24:27 PM PDT by djf (Political Science: Conservatives = govern-ment. Liberals = givin-me-it.)
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To: Jet Jaguar
"[Carson City Clerk] Glover said he wants to start selling off the gold as soon as possible. The IRS wants a share of the total, he said, and the case is relatively simple other than the agency’s involvement."

What a waste. The gubmint is in a big hurry to sell off someone else's money. Just like taxes - its theirs and its free!

4 posted on 09/17/2012 9:28:06 PM PDT by Baynative
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To: djf

Maybe seven shoeboxes.


5 posted on 09/17/2012 9:29:48 PM PDT by coloradan (The US has become a banana republic, except without the bananas - or the republic.)
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To: Walter Samaszko Jr.

Daddy?

6 posted on 09/17/2012 9:30:50 PM PDT by I see my hands (It's time to.. KICK OUT THE JAMS, MOTHER FREEPERS!)
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To: Jet Jaguar

Damn bloodsucking IRS is probably camped on his front porch.


7 posted on 09/17/2012 9:33:55 PM PDT by smoothsailing
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To: Baynative
... up to $5,000,000 can be passed from an individual upon his or her death without incurring federal estate tax.

Why should the govt. be entitled to anything? Is this $5 million based on the value of something now, or what it might have been worth when the man acquired it?

8 posted on 09/17/2012 9:36:57 PM PDT by smokingfrog ( sleep with one eye open (<o> ---)
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To: Jet Jaguar

Oh yeah, I forgot that old Walt was keeping an eye on that stuff for me!


9 posted on 09/17/2012 9:38:34 PM PDT by smokingfrog ( sleep with one eye open (<o> ---)
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To: Jet Jaguar

If the $7 million is by weight alone, it’s 250 lbs at today’s gold price per ounce.


10 posted on 09/17/2012 9:38:38 PM PDT by Fledermaus (Democrats are dangerous and evil. Republicans are just useful idiots.)
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To: I see my hands

lol


11 posted on 09/17/2012 9:43:58 PM PDT by TADSLOS (Conservatism didn't magically show up in Romney's heart in 2012. You can't force what isn't in you.)
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To: Jet Jaguar
Coin or bars? If some of it was old coin its value varies exponentially.
12 posted on 09/17/2012 9:46:23 PM PDT by BIGLOOK (49 days and a wake up.)
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To: BIGLOOK

Coins. The article writer explains the value as just for the weight. They had not been valued yet.


13 posted on 09/17/2012 9:48:14 PM PDT by Jet Jaguar (The pundits have forgotten the 2010 election.)
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To: BIGLOOK

Yamashita’s gold?


14 posted on 09/17/2012 9:48:23 PM PDT by JmyBryan
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To: djf

$7,000,000.00 is roughly 243 pounds @1800 per ounce. That would be a mighty BIG shoebox.


15 posted on 09/17/2012 9:51:10 PM PDT by I Drive Too Fast
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To: Jet Jaguar

A lot of old people better buy guns.


16 posted on 09/17/2012 9:52:20 PM PDT by Berlin_Freeper (I'll believe it when I don't see it.)
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To: Berlin_Freeper

They already have guns, and like the gold, a lot of them have appreciated in value.


17 posted on 09/17/2012 10:02:32 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: smokingfrog

The lawyers will get their share in probate court!


18 posted on 09/17/2012 10:02:58 PM PDT by shotgun
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To: I Drive Too Fast

“$7,000,000.00 is roughly 243 pounds @1800 per ounce. That would be a mighty BIG shoebox.”

Not really. How big is a shoebox? 7” x 4” x 12”? (just making that up)

= 336 cu inches.

The density of gold is 19.3 grams per cubic centimeter. 1 inch = 2.54 cm, so 1 cubic inch = (2.54 cm)3 = 16.387 cm3. Multiply volume x density: (19.3 g*cm-3)*(16.387 cm3) =

316.27 grams in a cubic inch.

Times 336 = 112,986.7 grams in a shoebox. Divided by 453 grams per pound, and you’ll probably fall over when I tell you that a 4*7*12 shoebox holds 249.41 lbs of gold!

I’ll take the extra .6 lbs as my accounting fee, thank you very much!

I am calculating the above in avoirdupois pounds, gold and silver are weighed in troy ounces and (far less frequently, troy pounds) but you get the idea. Let’s just say it would have to be a VERY STRONG shoebox.


19 posted on 09/17/2012 10:06:29 PM PDT by Attention Surplus Disorder (This stuff we're going through now, this is nothing compared to the middle ages.)
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To: Jet Jaguar
“At least you don’t have 12 relatives fighting,”

Wait a little while. "Close relatives" may start crawling out the woodwork now.

20 posted on 09/17/2012 10:09:21 PM PDT by eclecticEel (Life, Liberty, and the Pursuit of Happiness: 7/4/1776 - 3/21/2010)
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To: Jet Jaguar
Just for weight?? That's a con game, JJ.


21 posted on 09/17/2012 10:10:58 PM PDT by BIGLOOK (49 days and a wake up.)
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To: Attention Surplus Disorder
The world's largest gold bar stands at 250 kg (551 lb), measuring 45.5 cm × 22.5 cm × 17 cm (equal to 17403.75 cm³, or 17.9 in × 8.9 in × 6.7 in≈1062.04 in³). It was manufactured by the Mitsubishi Materials Corporation, a subsidiary of Mitsubishi.
22 posted on 09/17/2012 10:11:54 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: Jet Jaguar

Collectors of debts long forgotten will be showing up


23 posted on 09/17/2012 10:12:22 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: Jet Jaguar

Don’t choo worree, dem government boys will find good, good uses for that unclaimed cash. Pensions and probably a few bars gone missin’.


24 posted on 09/17/2012 10:13:29 PM PDT by wac3rd (Somewhere in Hell, Ted Kennedy snickers.....)
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To: Jet Jaguar

He’s rich!


25 posted on 09/17/2012 10:14:20 PM PDT by familyop ("Don't worry, they'll row for a month before they figure out I'm fakin' it." --Deacon, "Waterworld")
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To: familyop

LOL!


26 posted on 09/17/2012 10:15:13 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: Attention Surplus Disorder

Thank you.

I was just getting ready to write it up, but you did it better.

Except a minor offset, gold is weighed in Troy ounces which are around 31 grams, not the normal 28 grams per ounce.


27 posted on 09/17/2012 10:15:32 PM PDT by djf (Political Science: Conservatives = govern-ment. Liberals = givin-me-it.)
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To: Jet Jaguar

I read another article that said he had some bars too. And guns. And a couple of anti-government books. I hope they don’t end up calling him a “terrorist” and confiscating all of it.

In the other article it mentioned other countries (Mexico, Brazil, etc.) where the coins were from. That is good. Another thread about the gold coins in New York had the gov’t decision that since they were U.S. coins, and minted in the 1800’s, they should have been turned in when FDR declared them illegal to own. So the gov’t got all of those!


28 posted on 09/17/2012 10:19:29 PM PDT by 21twelve (So I [God] gave them over to their stubborn hearts to follow their own devices. Psalm 81:12)
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To: familyop
He was a quiet man...

Neighbors told authorities they knew little about Samaszko other than he was quiet and not a problem.
Samaszko was “anti-government,” Carson City’s Nevada Appeal reported, and a few conspiracy theory books were found in the home along with several guns.
“He never went to a doctor,” Glover told the newspaper. “He was obsessed with getting diseases from shots.”
Samaszko also had stock accounts of more than $165,000 and another $12,000 in cash at the house.

29 posted on 09/17/2012 10:19:47 PM PDT by Tainan (Cogito, ergo conservatus sum)
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To: mylife

“17.9 in × 8.9 in × 6.7 in” that’s a shoebox for Andre the Giant’s shoes.

The stuff is really heavy....hold a few gold coins in your hand and the near-universal reaction is “wow, those are heavy!”

And, it’s fun!


30 posted on 09/17/2012 10:19:47 PM PDT by Attention Surplus Disorder (This stuff we're going through now, this is nothing compared to the middle ages.)
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To: Jet Jaguar

Sounds like he was hording his gold even back when doing so was illegal. Prior to December 31, 1974, that is.


31 posted on 09/17/2012 10:20:33 PM PDT by South40 ("Islam has a proud tradition of tolerance." - Barack Hussein Obama - Cairo, Egypt, June 4, 2009.)
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To: Jet Jaguar

Is it being stored at the house in Chicago or has it been sent to Switzerland already?


32 posted on 09/17/2012 10:21:29 PM PDT by 2ndDivisionVet (You cannot invade the mainland United States. There would be a rifle behind every blade of grass.)
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To: Attention Surplus Disorder

Sounds like fun to me.
Fun I can’t afford at the moment.


33 posted on 09/17/2012 10:21:49 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: Baynative

Yeah, they’re in a big hurry to exchange that gold for a bunch of worthless paper. And the long lost cousin they found in California probably wouldn’t know the difference.


34 posted on 09/17/2012 10:30:25 PM PDT by ponygirl (Be Breitbart.)
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To: I Drive Too Fast
7,000,000.00 is roughly 243 pounds @1800 per ounce. That would be a mighty BIG shoebox.

At 1200 pounds per cubic foot, that figures to 0.2 cubic feet or 345 cubic inches. A shoe box of 10" by 6" by 6" would be 360 cubic inches. That is a small pair of feet. A typical shoe box could handle this amount.

35 posted on 09/17/2012 10:56:26 PM PDT by LoneRangerMassachusetts (The meek shall not inherit the Earth)
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To: Tainan

Heh. Yes. It’s sad that the man was so leery, but it’s wise that he invested.

As for the end-of-the-world publications, IMO, they’re often overly speculative and fearful. Nervousness in the population, on the other hand, is understandable in light of those publications, news of developing problems arriving to us so promptly from around the world, real and gradual economic decline in the West, possible international instabilities in the near future, etc.

I see increases in anti-social behaviors instigating fear and distrust. What’s the world market price of a barrel of courage?


36 posted on 09/17/2012 11:11:26 PM PDT by familyop ("Don't worry, they'll row for a month before they figure out I'm fakin' it." --Deacon, "Waterworld")
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To: Attention Surplus Disorder

you are awesome


37 posted on 09/17/2012 11:46:19 PM PDT by wafflehouse (RE-ELECT NO ONE !)
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To: Baynative

So, this guy earns money that is taxed. With what he has left he buys gold. Now the government wants more tax. I assume they’re talking about an inheritance tax.


38 posted on 09/18/2012 2:12:46 AM PDT by Terry Mross (The Clintons are extremely afraid of obama. Do they owe him their souls?)
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To: eclecticEel
Elizabeth Warren claims she is 1\32nd his daughter.
39 posted on 09/18/2012 2:18:48 AM PDT by JIM O
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To: Jet Jaguar

It is a miracle these weren’t stolen.


40 posted on 09/18/2012 2:39:14 AM PDT by Right Wing Assault (Dick Obama is more inexperienced now than he was before he was elected.)
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To: I Drive Too Fast

The bars at Fort Knox are about 27# each. So it would be the equivalent of about 9 bars. You could fit it all in a boot box - that you couldn’t lift.


41 posted on 09/18/2012 2:46:02 AM PDT by FreedomPoster (Islam delenda est)
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To: eclecticEel

Cousin!!!!


42 posted on 09/18/2012 3:17:09 AM PDT by Shimmer1 (No matter how cynical I get, I just can't keep up.)
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To: Jet Jaguar
Arlene Magdanz of San Rafael, California, You Are The Winner!!

OMG! OMG! OMG!


43 posted on 09/18/2012 3:41:10 AM PDT by ProtectOurFreedom
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To: South40

What does “hoarding” really mean?


44 posted on 09/18/2012 3:44:44 AM PDT by Freedom4US
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To: djf

I think $7M sounds like a lot, because it is a lot.


45 posted on 09/18/2012 4:12:42 AM PDT by stuartcr ("When silence speaks, it speaks only to those that have already decided what they want to hear.")
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To: Jet Jaguar

Damn Revenoo agents!


46 posted on 09/18/2012 4:44:20 AM PDT by dennisw (Government be yo mamma - Re-elect Barack Obama)
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To: Jet Jaguar; Kartographer

Damn Preppers.


47 posted on 09/18/2012 6:46:20 AM PDT by blam
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To: FreedomPoster

I could lift it, but i’ve been working out since you last saw me! let me show, i will lift that box right into the back of my pick-up....


48 posted on 09/18/2012 6:59:31 AM PDT by Docbarleypop
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To: Jet Jaguar

I wonder if the IRS wouldn’t try to claim that the man obtained the money to buy the gold illegally or that he legally made the money, but failed to report it as income making it subject to confiscation by tax evasion.
FU IRS.


49 posted on 09/18/2012 7:25:12 AM PDT by grumpygresh (Democrats delenda est; zero sera dans l'enfer bientot)
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To: Jet Jaguar

Gold rush: His cousin, Arlene Magdanz, will likely inherit the entire coin collection, though she hasn't had contact with him in more than a year. She is a substitute teacher.

Read more: http://www.dailymail.co.uk/news/article-2204785/Reclusive-man-Walter-Samasko-died-7million-coins-Nevada-home.html#ixzz26rWosCj3

50 posted on 09/18/2012 3:22:42 PM PDT by patriot08 (TEXAS GAL- born and bred and proud of it!)
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