Platinum Thieves Clean Up Emissions

The Green Precious Metal

By Brian Hicks
Friday, June 11th, 2010

I hate thieves.

To me, they’re nothing but a bunch of worthless punks.

Yet, as I found out today, they’re helping to make cars a little more eco-friendly. Let me explain…

I was on my way to the office this morning when I received a call from my mother.

She was a bit flustered and needed to gossip.

As I found out, yesterday, her neighbor was robbed.

It happened sometime between noon and 2pm. In the middle of an upscale shopping complex, somebody approached her 1996 Toyota Rav4.

As other shoppers and families casually walked by, he laid on his back and shuffled himself a few feet underneath the car.

Next, he brandished a small, battery-operated electric saw and proceeded to cut a three food section away from her exhaust.

Within two minutes, the piece — containing the car’s catalytic converter — was free.

As nonchalantly as he approached, he left.

And he took with him $300 worth of black market platinum.

When her neighbor came back, she couldn’t tell from walking around the car that anything was wrong.

But she knew it when her car sounded like a Harley Davidson after the engine turned over. Fortunately, she made the three miles home with her groceries and over to her mechanic before any severe damage happened.

It’s hardly an isolated incident...

For the past three years — with platinum prices still sky high — catalytic converters have been a smart thief’s target of choice.

But as I found out this morning, after starting up my computer and conducting some research of my own, these thefts are soon going to stop.

You see, the world’s auto industry is currently switching away from platinum catalytic converters. They’re integrating a much more useful metal: palladium.

Not only is it cheaper, but after the surging number of thefts, the auto industry wanted to make stealing these valuable devices nearly impossible.

So they started putting them closer to the engine, instead of near the end of the exhaust.

And get this…

It turns out that not only is palladium more capable to handle the intense heat coming right off the engine, but the location of the converter reduces greenhouse gas emissions even further.

The win-win situation has virtually every automaker in the world preparing to switch to palladium catalytic converters, as their contracts for platinum expire.

According to my friend and metals expert, Luke Burgess, the move is guaranteed to send palladium prices — and a few of the companies supplying the auto industry — soaring.

In fact, he just uncovered a unique way for you to actually use this recent switch to make money from every car, truck, van, or motorcycle built.

Click here for his most recent ground-breaking research report.

Until next time,

Brian Hicks


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There is no one single solution to today's energy crisis. However, the combination of all viable renewable energy resources, coupled with energy efficiency, conservation and smart grid development will not only lead us to energy independence and a cleaner, more sustainable energy infrastructure — but also to what will soon prove to be the greatest investment opportunity of the 21st Century.







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Comments:

Comment by Scott on 2010-06-14
The reason cat converters were moved was to comply with emissions. A cold engine runs dirty until the cat can get up to temp and clean it up, mounting them right off the engine helps get them hot faster. Theft is a recent idea, the converters have been mounted by the engine for over 10 years. I'm not sure about the precious metals aspect of the article, but I'll ask a friend who owns a business that recycles converters about it soon.
Comment by icIncome on 2010-06-14
Interesting post. Very enlightening.
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