Post
Topic
Board Economics
Re: Trader buys $36 million of copper and gets painted rocks instead
by
Kong Hey Pakboy
on 12/03/2021, 05:04:58 UTC
I am pretty sure that the company don't mind that their precious metals were stolen because as far as I know, those are insured in a way or that they can easily be recovered from the thieves, not to mention that those stolen coppers are going to have a hard time being sold in the market because it is tainted and the only way for it to be sold is when they don't sell it publicly which is the likely thing to happen.

Ideally, the use of any insurance policy is recommended for such transactions but according to the report, the buyer has been duped ...
Too bad that they didn't consider it, I believe that this is a planned heist because 36 million dollars worth of copper is not something that can be stolen in a heartbeat, planning was involved and inside jobs are definitely a possibility.