>A group of Chinese companies are investigating why a commodities storage site in northern China is holding only one third of the copper concentrate they were financing-
>The group has a total claim on 300,000 tons of concentrate worth about 5 billion yuan ($740 million), but there’s only 100,000 tons at the depot, the people said. That puts the dollar value of the missing material at about $490 million.
Where did it all go?
Never existed in the first place. It was only real in a conman's sales pitch.
>Where did it all go?
It was never there, moron.
You don't know the first thing about the economy.
>w-where's all the stuff to back up fiat money/securities/futures????
romanians are in china?
There is only one "capital commodity" that matters.
One.
And you won't like what it is.
>investor confidence
Remove that and all markets crash by 90%, to their actual, factual, real-world value.
>muh bubbles
What are you? Babby?
ccp stole it.
Oh no, sad to hear.
>Never existed in the first place. It was only real in a conman's sales pitch.
This. I suspect we'll see more resources "go missing" in China.
meth
copper penny bros, are we about to moon?
Only white countries have copper plumbing
Will gold and silver be next?
THEY'RE BUILDING A COPPER TUNNEL TO TAIWAN
This.
>Not knowing China's economy is one big Ponzi scheme.
>financing shit without seeing it
never trust chinks
I wonder who could be behind this
You misspelled redistrubute, comrad.
Oh dear...boys in market have been sold too much paper-copper. Someone going to jail without freedom card.
Niggers stole it.
this is the clunkiest headline i've seen in a while. news today is either being written by bots or retards who can't into journalism
Sold to ruskers, probably.
classic chinese business tactic
crazy that people still do business with the chinese when scams like this happen 10x more often than anywhere else
That’s 14,300 truckloads… someone would of noticed the trucks if it was stolen
these are the people were supposed to be afraid of?
2000 train loads at 100tons per train
No...that copper newer exists anywhere else than on paper. You can sell copper option to future but you have deliver real thing at some point.
Idea simple this
I sell you 1 million units of copper at price x and promise deliver them after 6 months..so I have to mine them or buy somewhere else cheaper than I sold them. Otherwise I am fucked.
So they are now fucked.
It was to repay the goddess Diana $500 trillion in silver, no doubt.
fucking /thread
293,933 rickshaw loads to move 200,000 tons
hashtag coppersqueeze wrong metal retards
it was sold by a corrupt offical, same happens with their corn stocks
everything in china is fake and the numbers are the fakest
26,666 loads in the new electric f-150. Wouldn’t get very far
Guess deposit fires don't work on metals.
How about America’s gold? I expect ours are mostly deplated.