so...whats the deal with cats (converters) being a hot commodity?
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so...whats the deal with cats (converters) being a hot commodity?
i see several people buying them for quite a bit as is, used, so i wonder why are they paying upto 150 for 2 cats, means they are making more when they recycle them.
wonder why....whats in them? i read platnium? where in the hell i the planium, i just tip the cat over and it spills out? (joke... )
but anyways....fill me in....
wonder why....whats in them? i read platnium? where in the hell i the planium, i just tip the cat over and it spills out? (joke... )
but anyways....fill me in....
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I dont know what is inside them that makes them so profitable but we have guys coming by the shop(varsity ford, college station) all the time giving us money to recycle our old ones...The Dallas evening news did a report a few nights ago about people cutting off the cats of cars while its sitting in the owners driveway over night.
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Catalytic converters contain tiny amounts of three precious metals - platinum, palladium and rhodium - that have seen their commodity rates skyrocket in the past two years. According to online commodities Web site www.kitco.com, the price of rhodium has shot up in the past five years from $380 to $6,000 per ounce. Palladium rose from about $200 per ounce two years ago to $360 in April 2006. It has remained steady at the higher price for the past year. Between April 2005 and November 2006, the price of platinum rose by more than 60 percent, from $865 per ounce to $1,355.
Those who extract the platinum, palladium and rhodium can sell the metals for thousands. Experts say the average converter contains 1 to 2 grams of platinum, palladium and rhodium. That equals about 0.07 of an ounce, meaning 14 or 15 converters are needed to equal one ounce of the metals.
Those who extract the platinum, palladium and rhodium can sell the metals for thousands. Experts say the average converter contains 1 to 2 grams of platinum, palladium and rhodium. That equals about 0.07 of an ounce, meaning 14 or 15 converters are needed to equal one ounce of the metals.
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2000firehawk had a for sale thread where he would deduct $150 from an item he was selling if you sent him your cats, or he would buy a pair for $130. I sent him two pairs and made $260
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Also, if you could extract those elements from converters, why wouldn't cat manufactures be doing this to make tons of money on the side? Thus, making these elements not so rare and expensive?
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Originally Posted by jimmypop13
Also, if you could extract those elements from converters, why wouldn't cat manufactures be doing this to make tons of money on the side? Thus, making these elements not so rare and expensive?
thats why people are picking up used ones cheap when in reality there worth the same as new ones
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Originally Posted by nickdotcom
have you seen the price of cats? they're like 900 bucks a pair from the dealer
thats why people are picking up used ones cheap when in reality there worth the same as new ones
thats why people are picking up used ones cheap when in reality there worth the same as new ones
#16
well i can get the local hook up at my friends muffler shop.
is it only gm cats? or any cats? any year?
and, where do i get these metals from? i cut it open? how do i extract them or how do i kow what the hell they look like? im gonna do this....
is it only gm cats? or any cats? any year?
and, where do i get these metals from? i cut it open? how do i extract them or how do i kow what the hell they look like? im gonna do this....
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im really not sure, i was gona offer to buy up all the cats in the houston area and get em recycled but i've been too busy
i also thought about going to junkyards to cut the cats off wrecked cars and recycle em
i also thought about going to junkyards to cut the cats off wrecked cars and recycle em