And you thought getting zincolns was bad...

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And you thought getting zincolns was bad...

Postby thecrazyone » Tue Mar 21, 2023 2:23 pm

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

Postby Doctor Steuss » Tue Mar 21, 2023 2:47 pm

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

Postby thecrazyone » Tue Mar 21, 2023 3:16 pm

But them's some purdy rocks

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

Postby Lemon Thrower » Tue Mar 21, 2023 5:11 pm

"Don't take any wooden nickels!"
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Re: And you thought getting zincolns was bad...

Postby thecrazyone » Tue Mar 21, 2023 6:57 pm

Lemon Thrower wrote:"Don't take any wooden nickels!"

"Or stone ones!"

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

Postby galenrog » Tue Mar 21, 2023 10:36 pm

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.
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