These Key Metals Shortages Are Driving Profits
Andy Snyder|February 15, 2023
The wiener has been snipped.
Wait… sorry. Let us clarify before the cancel crowd jumps in.
The Oscar Mayer Wienermobile has been snipped.
The poor thing went to Vegas over the weekend and came out, well, less vigorous than it went in. Worst of all, it couldn’t perform.
It needed help from experts and some expensive parts before it was ready to be shown to the public again.
As most men will tell you, having a catalytic converter stolen is no joke. It’s as embarrassing as it is disabling. But when your only job is to drive around town and look like a wiener, getting snipped is serious business.
Thefts of this kind are serious business too. The number of folks starting their car only to hear a roaring rumble from underneath is soaring.
In Las Vegas alone, the number of thefts has surged 72%… and now the thieves have hit one of the most iconic trucks on the planet.
If you’re unfamiliar, catalytic converters aren’t necessary to run your car, but they’re required on every vehicle because the rare metals inside of them help to reduce the level of toxic emissions spewing from our tailpipes.
The average catalytic converter contains about $175 worth of rhodium, platinum and palladium… and costs about $2,000 to replace.
Yanking one from a car while its owner sleeps (or is inside yapping about the latest in wiener technology) is easy money. For the slummy of our society, it’s easier than getting dressed and going to work each day.
It’s part of a larger problem developing throughout the world… one that most definitely concerns investors.
Stake Your Claim
We’re seeing a shortage of the key metals that are necessary to make our economy work the way we want it to work.
Platinum prices have surged…
And palladium is up even higher…
As prices rise, so does the incentive to steal. But for us folks on the right side of the law – and morality – this spike in thefts should also increase our desire to own a stake in the companies that pull these metals from the ground.
As emissions standards tighten and more vehicles go electric, the need for rare metals won’t just increase, it will rise exponentially.
In the latest issue of Manward Letter, we told our paying subscribers about the boom that lies ahead for the commodities market. We recommended one of the world’s top miners.
It’s helping to solve this problem… and it gets paid for every ounce of help it puts into the market.
There are two ways to keep from getting snipped by all this, and this company is a key part of one of them.
First… etch your vehicle’s unique identification number on your catalytic convertor. Right now, it’s not on the list of the dozen or so parts that require a VIN from the factory. Laws in the pipeline may soon change that. In the meantime, crawl under and put it on (or have your dealer do it).
A scrap dealer won’t buy your converter if he knows the part can be traced back to a specific owner.
Second… invest.
That’s always our advice.
Owning a stake in the companies that make our economy work has never been a bad idea. And right now… as we enter a huge cycle of demand and price growth, it’s a great idea.
In fact, if you want the full details on a commodity play that’s perfectly set up to take advantage of this trend… click here. Something interesting is happening just a few weeks from now that could send this energy player’s price surging.
This is one you won't want to miss.
Bottom line: Take action now before you get snipped.
Andy Snyder
Andy Snyder is an American author, investor and serial entrepreneur. He cut his teeth at an esteemed financial firm with nearly $100 billion in assets under management. Andy and his ideas have been featured on Fox News, on countless radio stations, and in numerous print and online outlets. He’s been a keynote speaker and panelist at events all over the world, from four-star ballrooms to Capitol hearing rooms.
