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"In God We Trust"

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Reply with quote  #1 
Just received my uncashed check I had sent in for shipping a product draw. No metal of course.

Does anybody know what will happen to any cash balance we had in BD accounts? 
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JG

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Reply with quote  #2 
Quote:
Originally Posted by "In God We Trust"
Just received my uncashed check I had sent in for shipping a product draw. No metal of course.

Does anybody know what will happen to any cash balance we had in BD accounts? 


Unfortunately, it looks like the cash accounts are pretty much the same as the bullion: they owe what is listed as $10M of cash, but only have some $160K in the bank. I'm not aware of anyone that has looked into things like the laws regarding cash on account (not in a bank) or whether there could be any security interest in it. So I would assume for now that cash owed and metal owed will be treated the same way.

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tboll

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Reply with quote  #3 
JG, I'm sure that BD considers the cash owed from our accounts just more of the zero-interest, high-risk (no-reward) "loan" that we "creditors" generously provided to BD.
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PM

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Reply with quote  #4 
Apparently the cash in our accounts is "fungible" as well. 
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