Unfortunately, The Value of Metals is inviting to Thieves

As a sign of how bad the economy is and just how valuable certain metals are, theft of scrap metal seems to be a serious issue. just today I heard on my local news that many thieves are stealing catalytic converters and this is not the first time. Apparently thieves will go to large employee parking lots and cut the converters right off while people are working.

Some auto part dealers are knowingly buying stolen catalytic converters and other scrap metal. The precious metal contained in catalytic converters, of course, platinum. The reality is that some of these scrap parts may only fetch 25-50 bucks at salvage, yet it can take several hundred dollars to replace. Criminals are costing hardworking people hundreds of dollars for small change. This is immoral, illegal, and unproductive.

We would just like to say that while speculating in precious metals can be a legitimate enterprise please do not participate in actions that infringe on the rights of others. With the way the economy is going it is pretty sad that some people want to hurt others by damaging their property. Many people depend on cars, for example, that are worth less than their scrap parts. Yet these people depend on these vehicles to work and provide for their families.

If you want to make money legally and ethically in scrap and other metals, we encourage that.