3 ms·
When was the last time anyone checked what percentage gold their gold bars are?
by dukeofdoom 4y ago
When was the last time anyone checked what percentage gold their gold bars are?
- jaqalopes 4y agoToday's Money Stuff opens with a story in which JP Morgan owned $1.3 million worth of nickel metal in a warehouse somewhere (for reasons having to do with metal futures trading). Somehow it was recently discovered that the bags of nickel, which have been there since early 2022, were actually full of worthless rocks.
- kurthr 4y agoI assume you're talking about the article from yesterday, but this could well be just another wrinkle in the ~$600M Prateek Gupta and TMT metals fraud. https://www.business-standard.com/article/companies/trafigura-faces-577-million-loss-after-uncovering-nickel-fraud-in-india-123020901371_1.html https://www.business-standard.com/article/companies/trafigur...
- deleted 4y ago[deleted]