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And you thought getting zincolns was bad...

PostPosted: Tue Mar 21, 2023 2:23 pm
by thecrazyone

Re: And you thought getting zincolns was bad...

PostPosted: Tue Mar 21, 2023 2:47 pm
by Doctor Steuss
From one of the hyperlinks in the BI article (of a previous incident to the recent JP Morgan nickel fiasco):

Swiss trading house Mercuria Energy ordered $36 million worth of copper last summer, but received instead a consignment of painted rocks from its Turkish supplier.


Yikes

Re: And you thought getting zincolns was bad...

PostPosted: Tue Mar 21, 2023 3:16 pm
by thecrazyone
But them's some purdy rocks

XD

Re: And you thought getting zincolns was bad...

PostPosted: Tue Mar 21, 2023 5:11 pm
by Lemon Thrower
"Don't take any wooden nickels!"

Re: And you thought getting zincolns was bad...

PostPosted: Tue Mar 21, 2023 6:57 pm
by thecrazyone
Lemon Thrower wrote:"Don't take any wooden nickels!"

"Or stone ones!"

XD

Re: And you thought getting zincolns was bad...

PostPosted: Tue Mar 21, 2023 10:36 pm
by galenrog
Supply and warehouse fraud is common. Some analysts estimate that it adds between 10% and 20% to the costs of both raw and finished goods. Other analysts say the costs worldwide are negligible. When it happens to you, the results can be devastating.

Time for more coffee.