09-03-2008, 10:17 PM | #21 |
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That you primitively think the Church has gold bullion in vaults, and you want to know where it is so you can steal it like Butch Cassidy would/did
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09-04-2008, 12:40 AM | #22 |
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Isn't it hidden in caves in the hills above Santaquin?
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09-04-2008, 01:43 AM | #23 | |
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09-04-2008, 02:23 AM | #24 |
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My limited understanding of Church Construction, having worked for 2 firms who have contracted for church construction work including Temples....there is no up front payment. For an owner to pay up front would be ridiculous (no offense to your comment) as it would eliminate any leverage for them to get the work completed no matter how noble the construction firm is.
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09-04-2008, 02:35 AM | #25 | |
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Quote:
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09-04-2008, 02:39 AM | #26 |
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Yeah, I couldn't tell you who is the signee on a check for a payment for a construction draw, but I know they pay on time all uncontested funds....generally a great client to work for.
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09-04-2008, 03:52 AM | #27 |
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The cash which is held for regulatory capital requirements isn't cash available, but why would you assume most of their cash fits that description? The church isn't involved in many enterprises that have those kinds of regulatory requirements.
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09-04-2008, 04:29 AM | #28 | |
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This is what they do for insurance. DMBA, which is the insurer for employees, church activities, etc. is a wholly owned subsidiary. So they are self-insured, but it works the same as any other insurance company would.
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09-05-2008, 06:40 PM | #29 |
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The church frequently "borrows" money from themselves.
If they have a project coming up that will need extra finances they will go and borrow the $$$ from one of their many entities, this allows them to be self supportive and also pays themselves interest vs. borrowing from some other public or private investment firm. I have heard from reliable sources that there truly is some gold bullion and old Mormon gold coins being held in a vault at the mouth of big cottonwood canyon; but I wish you the best of luck getting the gold out of there, as it is almost like fort knox to get into that area. Something about the old spanish gold being stolen by the indians from the spaniards on their way to Mexico, and being traded to BY because the indians were friendly to the mormon settlers who had use for Gold, as the indians had no use for Gold, but did need items the settlers possessed. Fascinating stories abound about the old spaniards Gold, and Rhodes lost mines, and Indians massacreing Spaniards who were transporting Gold to Mexico, and trading it to the early Mormon settlers. |
09-05-2008, 06:41 PM | #30 |
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+ Brigham's Bees
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