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Subject Bullion Direct Files for Bankruptcy No Metal
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Original Message Bad News: Stored Metal Nonexistent

Two documents were filed today (Declaration of Dan Bensimon and Joint Stipulation Regarding Contents of Vault). There is a lot of information in these documents.

Most importantly, they show an inventory of the IDS vault that I calculate as having a value of roughly $633,000, compared to the estimated $20M+ of metal that Bullion Direct stored for customers


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