Palladium prices have seen an 80 percent increase in the last seven months. As a main component in catalytic converters to help decrease the amount of harmful emissions released from gas engines, supply has not kept up with demand.
The quick rise of palladium prices has caught the attention of criminals. Around the UK and in the US gangs have set up sophisticated catalytic converter thefts, hitting multiple cars within minutes to sell on the black market.
Analysts see a bubble forming similar to the one that burst spectacularly in 2000. If their predictions are eminent, now would be the time to sell before prices adjust to a lower level….Just sell it legally.