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Bullion Direct Files for Bankruptcy No Metal
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[quote:dmore4:MV8yOTE3MzY4XzUxNDUwMDM0X0I2QUNFRTk1] 3%.Like i said everybody should stand for delivery.How much would a oz o silver be worth ,if they only have 3% of what they say they have. [/quote]
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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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