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Time to Invest in Gold - Precious Metals?


Just Joshin

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I invested a few dollars into gold and silver mining companies, does that count? My lithium stock has really tanked, I need something to pick it all back up

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On 3/18/2023 at 7:55 AM, Foxx said:

 

Turns out, it was JPM's Ni.

 

It Turns Out That JPMorgan Bought the Nickel That Turned Out to Be Stones

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... The London Metal Exchange said last week that sacks thought to hold 54 metric tons of nickel in an unnamed warehouse had failed to comply with its standards. The bags were in a shed in the Dutch port city of Rotterdam, The Wall Street Journal and other outlets reported. The problem: They contained stones instead of a silvery metal used in steel and electric-vehicle batteries.
 
The LME didn't disclose the name of the company that believed itself to be the owner of nickel briquettes valued at $1.3 million at current prices. The firm was JPMorgan, according to the people, some of whom said the bank first bought the material several years ago. ...

 

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