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Posts: 155
In response to
"
ok, but what kind of stones, JP Morgan? -- (link)
"
by
mafic
Why would a bank store nickle, or any metal really, how long did they have them? -- nm
Posted by
zeitgeist
Mar 20 '23, 18:24
(No message)
Responses:
Nickle is a component in EV batteries. Holding the metal to take advantage of price increases isn't unusual. -- nm
-
TWuG
Mar 20, 18:36
2
all the nickel companies like to go on about how lithium batteries are 70% nickel, and should really be called nickel batteries.
-
mafic
Mar 20, 19:10
nickel is arb! -- nm
-
Beryllium
Mar 20, 18:38
I imagine a lot of banks own metal. speculating on future price movement, hedging against something. lots of reasons, really. -- nm
-
mafic
Mar 20, 18:30
2
how much value is a truck full of gold going to provide when the ice sheets melt? -- (edited)
-
hollywood big shot
Mar 20, 18:36
1
*shrug* they all have their uses. like 70% of platinum is industrial. for gold it's only like 10%, but it's there.
-
mafic
Mar 20, 19:07
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