Published on 25 Mar 2023 on MoneyWise via Yahoo Finance
America's biggest bank bought $1.3M worth of nickel — but it was actually just a big bag of rocks....
America's biggest bank bought $1.3M worth of nickel — but it was actually just a big bag of rocks. Here are 3 ways to invest in the hot commodity. (And do it legally)
Imagine having $1 million sitting in the bank, but when you open your vault, you discover a pile of chocolate coins. Well, America’s biggest bank is the latest victim of one of those astonishing mix-ups.
JPMorgan Chase is the alleged owner of 54 metric tons of nickel stored at a Dutch warehouse — a haul thought to be worth $1.3 million, until closer inspection revealed the bank-owned bags were filled with worthless stones.