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money, they cost them probably $15 the sold them to pension funds at $54 so they are just ripping the pension funds off

That sucks for the people investing in the pensions. Here they think that they're getting a good investment and the fund is overpaying for the metals. Mismanagement like that drive me nuts. It's why I tend to pay so much attention to my investments... because many other people can't be trusted with them.