Bullion Direct Files for Bankruptcy No Metal | |
Anonymous Coward (OP) User ID: 53158832 United States 07/30/2015 10:47 PM Report Abusive Post Report Copyright Violation | |
dmore4
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Anonymous Coward (OP) User ID: 53158832 United States 07/30/2015 10:50 PM Report Abusive Post Report Copyright Violation | So true. They were taking people's money and making accounting entries for the metal without purchasing any of it. Regulators are asleep at the wheel. They will probably jump on this one though and spin it like all dealers are fraudsters. It looks like some of them are, but not all of them. The ones that need to be investigated are the big bullion banks like COMEX . |
dmore4
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dmore4
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Kira mai Kadwalladyr
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dmore4
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Anonymous Coward (OP) User ID: 53158832 United States 07/30/2015 11:18 PM Report Abusive Post Report Copyright Violation | They don't have enough metal, or they were practicing fractional reserve selling (if that is the correct term). As I said in the OP I calculate as having a value of roughly $633,000, compared to the estimated $20M+ of metal that Bullion Direct stored for customers That is about 3% of their declared metal in warehousing for customers. That could be the same for big warehouses like COMEX. . |
Anonymous Coward (OP) User ID: 53158832 United States 07/30/2015 11:18 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 19876247 United States 07/30/2015 11:20 PM Report Abusive Post Report Copyright Violation | I am laughing so hard I may cry...you just can't make this stuff up... OK WHO said it about - its easier to get people to believe a BIG lie than a small one -and these were WHOPPERS!!! Oh, and there are Bitcoins people can keep on a flash drive. I was afraid of ...you know...EMP...and poof! bullion/bouillon [link to public.wsu.edu (secure)] Gold bricks are bullion. Boil down meat stock to get bouillon. It's an expensive mistake to confuse bouillon with bullion in a recipe. Bought the wrong thing - and many have this paper in their IRA's-banksters say "too bad so sad" Someone PLEASE post the Simpsons cartoon ~WHOOSH~~~~and its GONE~~~~~~~~~~~~ |
Vituperate Me
User ID: 69630441 United States 07/30/2015 11:21 PM Report Abusive Post Report Copyright Violation | WOWOWOWOWOWOWOWOWOWOWOWOWOWOWOWOWOWOWOWOWWOWWOWOWOWOWOWOWOWOWOWOWOWOWOWOWOWOWOWOW "I fear the day that technology will surpass our human interaction. The world will have a generation of idiots."--Albert Einstein "The future must not belong to those who slander the prophet of Islam."--President Barack Obama addressing the United Nations General Assembly “Freedom is never voluntarily given by the oppressor; it must be demanded by the oppressed.”—Martin Luther King Jr. “The most effective way to destroy people is to deny and obliterate their own understanding of their history. […] He who controls the past controls the future. He who controls the present controls the past.” – George Orwell, 1984 "In the event that I am reincarnated, I would like to return as a deadly virus, in order to contribute something to solve overpopulation." - Prince Philip (Great Britain) |
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dmore4
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Anonymous Coward (OP) User ID: 53158832 United States 07/30/2015 11:27 PM Report Abusive Post Report Copyright Violation | 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. Quoting: dmore4 Yah exactly. I think Paul Craig Roberts had an article out last week that claimed the ratio of paper silver traded to physical in warehousing was around 1%. . |
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Vituperate Me
User ID: 69630441 United States 07/30/2015 11:28 PM Report Abusive Post Report Copyright Violation | ROTFLMAO "I fear the day that technology will surpass our human interaction. The world will have a generation of idiots."--Albert Einstein "The future must not belong to those who slander the prophet of Islam."--President Barack Obama addressing the United Nations General Assembly “Freedom is never voluntarily given by the oppressor; it must be demanded by the oppressed.”—Martin Luther King Jr. “The most effective way to destroy people is to deny and obliterate their own understanding of their history. […] He who controls the past controls the future. He who controls the present controls the past.” – George Orwell, 1984 "In the event that I am reincarnated, I would like to return as a deadly virus, in order to contribute something to solve overpopulation." - Prince Philip (Great Britain) |
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TheToolMan
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Copperhead
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