3 ms·

My main takeaway is that ownership of those metals isn't translated into them being used for manufacturing, and since they generally aren't used for manufacturi

My main takeaway is that ownership of those metals isn't translated into them being used for manufacturing, and since they generally aren't used for manufacturing and they aren't being moved when ownership transfers, there is very little reason to audit them. So if they eventually DO end up being purchased for manufacturing but upon inspection are found to be short stocked or it's the wrong material entirely, the commenter was speculating that replacing the fake material with the real thing would be covered somehow either by the warehouse collecting storage fees or insurance.

hef19898 3y ago
It was avfun experience, we audited other stuff stored at the same warehouse (the reasons for that are good case study on how not to run logistics and warehouses). And I did raw material procurement, bars, plates and such, for aerospace before, so seeing the ingots sitting in a warehouse being bought and sold without being moved at all was interesting see. And we litterally thousands and thousands of ton of that stuff in a warehouse in one of the most expensive warehouse locations you can think of.