Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Saturday, October 20, 2007

Are Your Car's Precious Metals in Danger?

Car's converter latest target for Toronto thieveshat-tip to Tom Jeffries for the latest in precious metals mania ...

At garages all over the city people are having their cars repaired after being victimized by the fast-as-lightning thieves. Mechanic Scott Anderson has seen "about three [cars] in the last week" with their catalytic converters missing.

It doesn't take long to get the converters out a car, he says, and the part is worth anywhere from a couple of hundred dollars to a couple of thousand, because catalytic converters contain precious metals like platinum, palladium and rhodium.
Check out my new gold and energy blog at