Breaking news! CHASE bank does an inventory of it's precious metals find out they have bags of stone as banking collapse continues! | |
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Anonymous Coward User ID: 85480293 ![]() 03/21/2023 06:07 AM Report Abusive Post Report Copyright Violation | Re: Breaking news! CHASE bank does an inventory of it's precious metals find out they have bags of stone as banking collapse continues! nickel price is per ton Quoting: Anonymous Coward 85480293 one 1kg bar would only give you like 1000-400$ Nickel has special magnetic field blocking capabilities. I would not be surprised if it skyrockets. it already did... some billonärs are shorting the shit out of it might be reason why he got bailed out... halted market after 1 ton reached almost 200k$ on some exchanges |
R(r) User ID: 85272000 ![]() 03/21/2023 06:14 AM Report Abusive Post Report Copyright Violation | Re: Breaking news! CHASE bank does an inventory of it's precious metals find out they have bags of stone as banking collapse continues! nickel price is per ton Quoting: Anonymous Coward 85480293 one 1kg bar would only give you like 1000-400$ Nickel has special magnetic field blocking capabilities. I would not be surprised if it skyrockets. it already did... some billonärs are shorting the shit out of it might be reason why he got bailed out... halted market after 1 ton reached almost 200k$ on some exchanges Interesting. Thanks. |
Anonymous Coward User ID: 29706669 ![]() 03/21/2023 06:21 AM Report Abusive Post Report Copyright Violation | Re: Breaking news! CHASE bank does an inventory of it's precious metals find out they have bags of stone as banking collapse continues! If banks are purchasing gold on the stock exchanges, are they really purchasing bricks of gold or just gold certificates? If they are really buying bricks of gold, how is it getting transported from the seller to the bank? Once at the bank is it being stored in a huge vault in the middle of a large city or is it being spread around to their various branches in the hinterlands. The thought of Scrug McDuck comes to mind. Why would a bank want a basement vault packed floor to ceiling with bricks of gold? What are they going to use it for? If the world goes tits up whose gonna want a brick of gold for a can of beans? You cannot melt down a brick of gold in on a wood fire and then make currency out of it. Hmmmm...seems we are being taught to believe in the banksters who are dumber than a box of rocks. |
Anonymous Coward User ID: 85480293 ![]() 03/21/2023 06:56 AM Report Abusive Post Report Copyright Violation | Re: Breaking news! CHASE bank does an inventory of it's precious metals find out they have bags of stone as banking collapse continues! nickel price is per ton Quoting: Anonymous Coward 85480293 one 1kg bar would only give you like 1000-400$ Nickel has special magnetic field blocking capabilities. I would not be surprised if it skyrockets. it already did... some billonärs are shorting the shit out of it might be reason why he got bailed out... halted market after 1 ton reached almost 200k$ on some exchanges Interesting. Thanks. 07.2022 How the ‘Big Shot’ billionaire tycoon who broke the nickel market managed to claw his short squeeze back from a $10 billion loss [link to fortune.com (secure)] |
Anonymous Coward User ID: 85480293 ![]() 03/21/2023 06:57 AM Report Abusive Post Report Copyright Violation | Re: Breaking news! CHASE bank does an inventory of it's precious metals find out they have bags of stone as banking collapse continues! If banks are purchasing gold on the stock exchanges, are they really purchasing bricks of gold or just gold certificates? If they are really buying bricks of gold, how is it getting transported from the seller to the bank? Once at the bank is it being stored in a huge vault in the middle of a large city or is it being spread around to their various branches in the hinterlands. The thought of Scrug McDuck comes to mind. Why would a bank want a basement vault packed floor to ceiling with bricks of gold? What are they going to use it for? If the world goes tits up whose gonna want a brick of gold for a can of beans? You cannot melt down a brick of gold in on a wood fire and then make currency out of it. Hmmmm...seems we are being taught to believe in the banksters who are dumber than a box of rocks. Quoting: Anonymous Coward 29706669 banks are just as stupid as people buying hardgold in banks customers never see any gold while doing so |
Anonymous Coward User ID: 83944662 ![]() 03/21/2023 07:00 AM Report Abusive Post Report Copyright Violation | Re: Breaking news! CHASE bank does an inventory of it's precious metals find out they have bags of stone as banking collapse continues! [link to www.yahoo.com (secure)] Quoting: Withdrawal your money! 15899343 The London Metal Exchange revealed a surprising mix-up last week at a warehouse in the Dutch port city of Rotterdam. An operator for the warehouse weighed bags that were thought to contain 54 metric tons of nickel only to find they were filled with stones, according to The Wall Street Journal. It appears that the unlucky owner of those bags is none other than JPMorgan Chase, the Journal said on Monday citing people familiar with the matter. Had they contained nickel, the bags would have been worth $1.3 million at current prices, representing 0.14% of nickel inventories, Bloomberg reported. While that means the mix-up will have a relatively minor impact on metal markets, it does call into question the security of the LME's contracts. "In an industry riddled with scandals, the LME's contracts are viewed as unquestionably safe," Bloomberg said. The LME first announced the mix-up last Friday but didn't disclose the owner of the supposed nickel bags or the warehouse where they were kept, according to The Wall Street Journal. However, people familiar with the matter said the warehouse was owned and operated by the logistics firm Access World, according to the Journal. JPMorgan Chase reportedly bought the bags years ago and remains an active player in big metals, the Journal said. JPMorgan Chase and the LME also did not immediately respond to Insider's request for a comment. The summer just before the repo market collapse, which was the week COVID appeared, I recall some DOJ press releases about PM traders at chase and others being cooperative and the settlement was selling metal to EU banks. I always assumed this was a ruse so one day money would collapse, us would have no metals and be to blame for a cure worse than the disease, but the world would return to a gold standard and us would become 4th world. |
Anonymous Coward User ID: 85480293 ![]() 03/21/2023 07:05 AM Report Abusive Post Report Copyright Violation | Re: Breaking news! CHASE bank does an inventory of it's precious metals find out they have bags of stone as banking collapse continues! [link to www.yahoo.com (secure)] Quoting: Withdrawal your money! 15899343 The London Metal Exchange revealed a surprising mix-up last week at a warehouse in the Dutch port city of Rotterdam. An operator for the warehouse weighed bags that were thought to contain 54 metric tons of nickel only to find they were filled with stones, according to The Wall Street Journal. It appears that the unlucky owner of those bags is none other than JPMorgan Chase, the Journal said on Monday citing people familiar with the matter. Had they contained nickel, the bags would have been worth $1.3 million at current prices, representing 0.14% of nickel inventories, Bloomberg reported. While that means the mix-up will have a relatively minor impact on metal markets, it does call into question the security of the LME's contracts. "In an industry riddled with scandals, the LME's contracts are viewed as unquestionably safe," Bloomberg said. The LME first announced the mix-up last Friday but didn't disclose the owner of the supposed nickel bags or the warehouse where they were kept, according to The Wall Street Journal. However, people familiar with the matter said the warehouse was owned and operated by the logistics firm Access World, according to the Journal. JPMorgan Chase reportedly bought the bags years ago and remains an active player in big metals, the Journal said. JPMorgan Chase and the LME also did not immediately respond to Insider's request for a comment. The summer just before the repo market collapse, which was the week COVID appeared, I recall some DOJ press releases about PM traders at chase and others being cooperative and the settlement was selling metal to EU banks. I always assumed this was a ruse so one day money would collapse, us would have no metals and be to blame for a cure worse than the disease, but the world would return to a gold standard and us would become 4th world. EU banks are not allowed to buy russian gold bars... something to think about Russia/China banks didn't been affected by SVB meltdown |
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Anonymous Coward (OP) User ID: 15899343 ![]() 03/21/2023 10:00 AM Report Abusive Post Report Copyright Violation | Re: Breaking news! CHASE bank does an inventory of it's precious metals find out they have bags of stone as banking collapse continues! [link to www.yahoo.com (secure)] Quoting: Withdrawal your money! 15899343 The London Metal Exchange revealed a surprising mix-up last week at a warehouse in the Dutch port city of Rotterdam. An operator for the warehouse weighed bags that were thought to contain 54 metric tons of nickel only to find they were filled with stones, according to The Wall Street Journal. It appears that the unlucky owner of those bags is none other than JPMorgan Chase, the Journal said on Monday citing people familiar with the matter. Had they contained nickel, the bags would have been worth $1.3 million at current prices, representing 0.14% of nickel inventories, Bloomberg reported. While that means the mix-up will have a relatively minor impact on metal markets, it does call into question the security of the LME's contracts. "In an industry riddled with scandals, the LME's contracts are viewed as unquestionably safe," Bloomberg said. The LME first announced the mix-up last Friday but didn't disclose the owner of the supposed nickel bags or the warehouse where they were kept, according to The Wall Street Journal. However, people familiar with the matter said the warehouse was owned and operated by the logistics firm Access World, according to the Journal. JPMorgan Chase reportedly bought the bags years ago and remains an active player in big metals, the Journal said. JPMorgan Chase and the LME also did not immediately respond to Insider's request for a comment. The summer just before the repo market collapse, which was the week COVID appeared, I recall some DOJ press releases about PM traders at chase and others being cooperative and the settlement was selling metal to EU banks. I always assumed this was a ruse so one day money would collapse, us would have no metals and be to blame for a cure worse than the disease, but the world would return to a gold standard and us would become 4th world. EU banks are not allowed to buy russian gold bars... something to think about Russia/China banks didn't been affected by SVB meltdown China and Russia have other issues Russia is a failed super power state with a senile leader running it to the ground The white man has begun pulling out of china and setting up shop in India and other third world countries so soon china will have million of unemployed Chinese workers causing domestic instability |