Page 1 of 2 12 LastLast
Results 1 to 20 of 22
  1. #1
    CadillacChris started this thread.
    SMF Badges of Honor

    Member since
    Dec 2019
    Location
    Philadelphia PA
    Posts
    6
    Thanks
    2
    Thanked 0 Times in 0 Posts

    Catalytic Converter-Hoax, Scam, or for real

    The buyer I use now I've been dealing with for roughly three months maybe more. He was giving me the highest prices on cats aside from a few, but I sold them to him anyway because it was only $4-6 on some small cats. Just yesterday he told me "The market took a crash" that the new price went down $10 per $100 on value of that cat. for example: a cat that was worth $50 is now only worth $45, a cat that was worth $100 is now worth $90, a cat worth $200 is now worth $180, a cat worth $500 is now worth $450, a cat worth $1000 is now worth $900. So basically he dropped my price by 10% on all cats. Part of me thinks it is some type of tactic to drop my price because he thinks he has me reeled in. Should I reach out to some of my old buyers/look for new ones, or is he telling the truth? From what I've seen the price of the precious metals has continued to climb.



  2. #2
    APA's Avatar
    SMF Badges of Honor


    Member since
    Mar 2016
    Location
    Western Pennsylvania
    Posts
    628
    Thanks
    638
    Thanked 545 Times in 289 Posts
    Quote Originally Posted by CadillacChris View Post
    The buyer I use now I've been dealing with for roughly three months maybe more. He was giving me the highest prices on cats aside from a few, but I sold them to him anyway because it was only $4-6 on some small cats. Just yesterday he told me "The market took a crash" that the new price went down $10 per $100 on value of that cat. for example: a cat that was worth $50 is now only worth $45, a cat that was worth $100 is now worth $90, a cat worth $200 is now worth $180, a cat worth $500 is now worth $450, a cat worth $1000 is now worth $900. So basically he dropped my price by 10% on all cats. Part of me thinks it is some type of tactic to drop my price because he thinks he has me reeled in. Should I reach out to some of my old buyers/look for new ones, or is he telling the truth? From what I've seen the price of the precious metals has continued to climb.


    Palladium dropped $73 on Friday; Platinum and Rhodium dropped as well. 10% reduction is a little much.

    878-207-6242 text/call for pricing
    724-581-3330 text/call for pricing
    Just send pictures for quotes.

    Fast, honest, knowledgeable, and THE HIGHEST PRICES.
    We can hedge and toll refine for larger converter lots.

  3. #3
    jimicrk's Avatar
    SMF Badges of Honor


    Member since
    Sep 2013
    Location
    Tennessee
    Posts
    2,826
    Thanks
    2,917
    Thanked 4,837 Times in 1,877 Posts
    I am ALWAYS looking for new buyers and comparing prices.

  4. The Following 3 Users say Thank You for This Post by jimicrk:


  5. #4
    APA's Avatar
    SMF Badges of Honor


    Member since
    Mar 2016
    Location
    Western Pennsylvania
    Posts
    628
    Thanks
    638
    Thanked 545 Times in 289 Posts
    Quote Originally Posted by blackgold12 View Post
    During the past year both metals have had outstanding performance, what is your prediction for the upcoming week.

    Market Close December 20/2019
    Platinum 907.00 -25.00
    Palladium 1841.00 -73.00
    Rhodium 5560.00 -40



    it’s really anyone’s guess in the short term.

  6. #5
    APA's Avatar
    SMF Badges of Honor


    Member since
    Mar 2016
    Location
    Western Pennsylvania
    Posts
    628
    Thanks
    638
    Thanked 545 Times in 289 Posts
    Quote Originally Posted by blackgold12 View Post
    I'm predicting we'll see rhodium once again reaches $10,000.00 US troy ounce mark again and by the end of January 2020 we'll see palladium at $2,000.00 US a troy ounce.



    Lloyd Christmas “so you are telling there is a chance?” (Of Rhodium 10,000)

  7. #6
    hills's Avatar
    SMF Badges of Honor



    Member since
    Sep 2017
    Location
    Maine
    Posts
    1,525
    Thanks
    824
    Thanked 1,354 Times in 786 Posts
    Ummm .... let's take on pace guys and not get too excited. True enough ... i made a killing on silver back in the late 70's but that was more dumb luck than any kind of market wisdom. Not so lucky for the Hunt brothers come silver Thursday when the market dropped 50% in just four days.

    PM's are best thought of as a safe and stable long term investment and NOT a get rich quick scheme. It's for that very reason that PM's and especially gold tend to finish strong toward the end of the year. It's a cultural thing for people in places like India to plow their year end bonuses into PM's with the intent that they should be saved for retirement. The increase in market demand tends to bump prices up a notch this time of year.

    If you're seeing wild increases in Rhodium, as we've seen over the past five years, it's more likely due to market manipulation than anything else. Take a lesson from history so as not to find yourself on the losing end when the bubble bursts.

  8. #7
    matador's Avatar
    SMF Badges of Honor

    We purchase laptop computers and many components for greater than scrap value. We offer a shipping reimbursement program.replies

    Member since
    Nov 2013
    Location
    Big Wonderful Wyoming
    Posts
    2,310
    Thanks
    1,813
    Thanked 3,200 Times in 1,448 Posts
    It can never hurt you to shop around. You may think you're selling catalytic converters, but what you have is a commodity. You should always see if you can get more for it, unless you have a specific reason to stick with one buyer over the others (Such as shipping cost vs free drop-off if you're in the area anyways)
    More than Scrap Value Shipment Tips: http://www.scrapmetalforum.com/scrap...tml#post242349

  9. #8
    APA's Avatar
    SMF Badges of Honor


    Member since
    Mar 2016
    Location
    Western Pennsylvania
    Posts
    628
    Thanks
    638
    Thanked 545 Times in 289 Posts
    Sounds like you work for Metallix.

    Ask Metallix for your 2000 lb lot’s Palladium, Platinum, and Rhodium back after they “toll refine” your lot. See what happens.

    We all are middleman in one way or another, including Metallix.


  10. Similar threads on the Scrap Metal Forum

    1. Catalytic Converter
      By TexasDeere in forum Scrap Metal Questions and Answers
      Replies: 20
      Last Post: 10-26-2019, 12:49 AM
    2. Value of this catalytic converter?
      By HyderConsulting in forum Vehicle Recycling
      Replies: 24
      Last Post: 10-26-2019, 12:46 AM
    3. Catalytic converter
      By BubbasGarage in forum Vehicle Recycling
      Replies: 72
      Last Post: 04-21-2015, 04:24 PM
    4. catalytic converter with pic
      By ChrisSG in forum Dismantling, Breaking Down & Maximizing Scrap
      Replies: 16
      Last Post: 02-23-2013, 05:47 AM
    5. CRT buyer? Real or hoax?
      By ilyaz in forum TV and Monitor Recycling
      Replies: 10
      Last Post: 01-29-2013, 08:15 PM

Page 1 of 2 12 LastLast

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

 
Browse the Most Recent Threads
On SMF In THIS CATEGORY.





OR

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

The Scrap Metal Forum

    The Scrap Metal Forum is the #1 scrap metal recycling community in the world. Here we talk about the scrap metal business, making money, where we connect with other scrappers, scrap yards and more.

SMF on Facebook and Twitter

Twitter Facebook