Is nothing sacred? Now theives are crawling under cars and ripping out th catalytic converters for cash:

Thieves convert car part into fast cash

From the article:

While metal thefts have increased in recent years, catalytic converter thefts are of a different order. Instead of turning large amounts of common metals into nickels and dimes, these thieves turn small amounts of rare metals into dollars. Lots of dollars.There isn’t much metal in a catalytic converter.

Sold for scrap, one might fetch you $1 at 5 cents per pound.

But the catalyst – the thing that makes a catalytic converter work – can cost thousands of dollars per ounce. It’s typically a combination of platinum, rhodium and palladium.

Next time you see someone crawling under a car in a parking lot, you might want to call 911.

For more info see: How Catalytic Converters Work

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