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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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