Palladium Pandemonium May Portend a Silver Mania Ahead
In a once rare property crime now trending higher around the world, thieves are stealing precious metals from automobiles.
These opportunistic criminals don’t bother rummaging through glove compartments in the hope of finding stashed jewelry or gold coins. Instead, they go for the near certain score of exposed catalytic converters.
A car’s catalytic converter is attached to its exhaust system and converts toxic emissions into less harmful byproducts. It contains corrosion-resistant noble metals – typically platinum, palladium, and/or rhodium – in relatively small quantities.
Those relatively small quantities are becoming relatively more valuable, especially in the case