With iron ore prices having soared throughout 2019 following the tragic incident in Brazil which led to the shutdown of two major iron ore mines, pre-accident investors have had a handsome start to the year.
Major resources companies Rio Tinto, BHP Billiton and Fortescue Metals Group have all seen significant boosts in their share prices as a result of their iron ore portfolios within the current bull market but Sydney man Harry Homeowner was disappointed on Monday morning, after boasting to mates at the pub on Saturday about his savvy investment.
“I took my kitchen sink to the pawn shop on Sunday and the bugger behind the counter only offered me five bucks,” Mr Homeowner told The Sentiment.
“Iron ore is sitting at $110 per pound and when I removed my sink, it came in at 1.5 pounds.
“I thought, you beauty!”
Mr Homeowner later received a plumbing bill for $175 to have his kitchen sink re-installed.
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