> I suspect it doesn't matter. Even if the catalytic converter is all rusted
> out, the platinum inside is worth the same whether it's 1 month or 20 years
> old. Just my opinion.

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Paul Hovnanian paul@hovnanian.com
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Procrastinators: The leaders for tomorrow.
> > I suspect it doesn't matter. Even if the catalytic converter is all rusted
> > out, the platinum inside is worth the same whether it's 1 month or 20 years
[quoted text clipped - 7 lines]
> -----------------------------------------------------------------------
> Procrastinators: The leaders for tomorrow.
An organized ring (or maybe even individual) will steal to order. A
sharp operator will know he interchangability, too.
> > I suspect it doesn't matter. Even if the catalytic converter is all rusted
> > out, the platinum inside is worth the same whether it's 1 month or 20 years
> > old. Just my opinion.
>
> I was under the impression that stolen converters were sold to shady
> mechanics as-is to get cars to pass emission tests.
Hey stupid. Platinum is selling at $2000 an ounce.
MLOM - 03 May 2008 05:09 GMT
On May 1, 8:21 pm, "Speeders & Drunk Drivers are MURDERERS"
<beta...@earthlink.net> wrote:
> > > I suspect it doesn't matter. Even if the catalytic converter is all rusted
> > > out, the platinum inside is worth the same whether it's 1 month or 20 years
[quoted text clipped - 4 lines]
>
> Hey stupid. Platinum is selling at $2000 an ounce.
Close call. It's now at roughly $1800 after peaking at over $2100.
Like what's happening with gold, it appears that the futures traders
are dumping precious metals like they have been doing with corporate
stocks to jack with oil and gas.
However, just like with anything metal, there is a huge problem with
stealing and selling metal. Here in KC, catalytic converters have
been stolen at car dealerships and repair shops. This goes along with
thieves stealing A/C units, piping and wiring to sell copper. We even
had an arrest of a local ammo plant employee stealing some of the ammo
to sell the copper. Since the ammo is that used by our military, it's
likely that employee will be incarcerated for a while since the target
of the theft was the organized crime ring best known as the government.
Paul Hovnanian P.E. - 14 May 2008 19:22 GMT
> > > I suspect it doesn't matter. Even if the catalytic converter is all rusted
> > > out, the platinum inside is worth the same whether it's 1 month or 20 years
[quoted text clipped - 4 lines]
>
> Hey stupid. Platinum is selling at $2000 an ounce.
But what does extraction cost? Recyclers certaily aren't going to pay
anything near $2000 for a quantity of converters that contain 1 oz.

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Paul Hovnanian paul@hovnanian.com
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