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As a teacher of Physics I have dealt with ferrromagnetism, paramagnetism and diamagnetism, and whilst neodymium magnets are marvellous things I doubt very much if these devices do work. Have a look at this site which goes into it in depth and has links to other sites. If you really want to throw money away throw it in my direction!

http://www.chem1.com/CQ/magscams.html
 
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