Ep.6 Season 2 - The Gold Mine In Your Car - Platinum, Palladium and Rhodium in Catalytic Converters
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- čas přidán 24. 04. 2020
- Season 2 - Episode Six
Join host Mark Yaxley for this special edition of Inside The Vault, as he meets with automobile expert Adam Lawson to explore the important roles of platinum, palladium and rhodium in catalytic converters. Catalytic converters are the #1 industrial application for the platinum group metals, as they help significantly reduce the toxic gases released by traditional fuel burning engines. The episode is filmed on location at Vampt Motors in the Cayman Islands.
SWP website: www.swpcayman.com
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About Inside The Vault:
Join Mark Yaxley as he hosts esteemed guests and shares his expert tips on gold and silver delivered to you directly from inside SWP's Cayman Islands gold vault. Inside The Vault provides investors with insights and education about a variety of topics related to owning precious metals. You can follow SWP by SUBSCRIBING to our CZcams channel or follow us on Twitter @SWPGold or visit www.swpcayman.com.
Season 2 Episodes:
Understanding Macroeconomics with Raoul Pal
Gold and Silver Market Fundamentals with Jeff Clark
Top 10 Precious Metal Products to Own
Buying Gold and Silver - Understanding the Spot Price, Premiums and Total Spread
Allocated vs. Unallocated vs. Segregated Metals
Platinum, Palladium and Rhodium in Catalytic Converters
How to Buy Precious Metals
How to Keep Your Precious Metals Safe at Home
Season 1 Episodes:
Coins vs Bars - Gold vs Silver - Which one should I buy?
Gold vs Silver - Which metal is better to own?
Travelling With Precious Metals - Tips for the airports and customs
Shipping Gold and Silver - How to prepare a package for shipment?
Testing Precious Metals - Five ways to avoid fakes
Testing Gold Bars with PAMP Suisse's Veriscan authentication technology
Home Storage vs. Offshore Storage - How much should I keep at home?
Collecting Rare Coins - Expert advice on collecting gold coins
Storing Gold and Silver - At home, at the bank and in a secure storage facility
Going Global - Owning gold and silver offshore
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About SWP:
Strategic Wealth Preservation (SWP) is an international precious metals dealer and secure storage provider headquartered in the Cayman Islands. We specialize in the acquisition and secure storage of precious metals for individuals, companies, trusts and wealth management professionals on behalf of their clients. We deliver precious metals worldwide to homes and businesses and offer secure storage in vaults located in the Cayman Islands, Canada, the United States, Switzerland, Liechtenstein, Singapore and New Zealand.
Thanks for watching and if you would like to purchase metals or store precious metals with SWP please visit www.swpcayman.com or email us - info@swpcayman.com
I Used to work in an analytical lab testing automotive catalysts for precious metal content to make sure they weren't putting too much PM on the catalytic converter. The chemical process is insane.
Mark knows how to pick the switched on guests. Very simple and knowledgeable explanation.
Around 30 grams of precious metals in a big truck. I now understand why people want these so much. Thanks for the upload!
WHAT a GREAT topic!!!!thankx!!!
My catalytic converter was stolen yesterday, 1-20-2021 around 3:00 pm
He must have watched one of my videos. Except for copper sulfate (?) the process he describes is exactly how it's done. But he didn't mention platinosis. A disease of the skin eyes and lungs for which there is no cure. Symptoms can take months or even years to appear. Processing these cats for the precious metals that they contain is dangerous. Not suitable in any way shape or form for the back-yard hobbyist. Also, buyers beware; thieves will pass an acid solution through the cat and remove most of the metals from the substrate then sell them on eBay. You can tell if a used cat has been processed in this manner. It will appear bright and shiny with patches of fresh rust on the outer casing and the substrate will appear clean from the acids.
Just because he mentions some stuff that you may have said in one of your videos does not necessarily mean he has watched on of them.
Thanks for the video....
What I love about this channel is the topics you guys talk and explain. Is well explain and almost no body talks about this important things . I follow you on Twitter too .
This was a better video about cats than most of the dedicated car repair channels have given.
Great Video! Thank you.
Excellent!
That was fascinating.
Very interesting!
This is awesome - what a great video!
Nice, thanks for sharing!🔥
The most informative video that I've ever watched in my life. The richest people have always been STEM geniuses.
Well this is some good information thanks.
Great content
Catalytic converter recycling is no longer dangerous or toxic. Mark, please do a video about MineworX Technologies and Enviroleach Technologies process to remove the PM's from the Cats in a totally green and safe way. Thanks.
This Chanel is Top 👍👍👍
In Ireland there is a huge problem with gypsy travellers stealing these on mass from cars, particularly older model Priuses.
It's always the same groups of people.
Can I store my used catalytic converter with SWP? It's got to be segregated storage though. I don't want someone else's catalytic converter getting mixed up with mine!
Hahaha... good one.. Imagine telling your friends you're going to the Cayman islands to check on your used catalytic converters.
Remember the basic, bulk process is always cheaper then home DIY now and then.
Not if you lie and sell DIY kits to the gullible and uninformed.
Thanks Adam from the uk. I also escape from South Africa and living in the UK
Very informative. I did not know all 3 metals were in every cat.
Me either. Especially rhodium that's over 8000$ounce
Cats have metals in them?
Great Info!!! I JUST had a friend (LAST NIGHT) had their Catalytic Converter stolen from their Prius. Crazy!!!
That sucks. If I was going to go through all that I would find a car with a larger engine.
Astrodiver 1 ha... yeah. Perhaps it is an Easier / Quicker cut...
I am doing research about this stuff my dad runs 3 store of auto spare parts in uae sharjah and almost 50% our relatives has store of these where they have lots of catalytic converter.
The internal combustion engine is old technology and the electronic motor will replace this technology. Investing in these metals will only have a stort term positive return value. Although, other intrinsic properties may still allow for these platinum (not precious) metals to hold their values.
Maybe in 100 years, you can't even travel more then 300 miles before you need to charge it. They're overpriced city cars
@@fredrickmiltonthaddeusdoug9747 in my household, my son has a 2017 Chevrolet Volt that gets phenomenal gas mileage and hardly ever uses the gas motor. The Chevrolet Volt has very low preventative maintenance cost and is highly reliability. I have a ten year old Subaru Forester that we take on our 500 vacation and normal commutes. The average driver travels 10,000 miles per year and even a Chevrolet Bolt gets 250 miles per charge and would fulfill their commuting needs. The battery technology is increasing at a rapid pace and to say that it will take 100 years to reach even a 50 mile increase of range is silliness.
Made a lot of money with Rhodium this year 😎
Physical or ETFs?
8000 $ an ounce. Wow
🤣🤣🤣🤣🔥🇺🇸
How
🤔🤔🤔🤔🤔🤔🤔 I didn't know exactly what these things do and now I do. Hmmmmmm giving me ideas (and no not to steal them) but what else could it be used for.
Made the mistake of not holding on to my old Impreza's cat when it rotted out and had to replace it. Only got 10 dollars for it in 2015 at the junkyard. Didn't understand spot prices back then and was shocked at how little I got.
And as someone who fixes my own car emissions problems are a pain to fix and a frequent source of problems and I hate it. Takes the joy of ownership away from automobiles.
Yes, such a necessary expensive addition to cars/trucks. Made such a huge difference to pollution in the world ???
How much gold are in them?
My catalytic converter was stolen TWICE both times while shopping in the middle of the day. They cut it right off the car...Be warned.
I can't believe it... now I know why car enthusiast do the CAT delete on their sports cars... :D Theft protection!!
My work truck converter was stollen at night i got it replaced ... Several days later they came back and stole it again along with the entire fleet of work trucks
@@freedomchannel3656 Do you live in Chicago?
@@freedomchannel3656 Sorry to hear that
Terrible
Outside the vault 🤔
Dealers and repair shops have scrap metal bins, so they sort of have a vault too, just a dirty one.
People are taking these things out of cars at the dealership to resell them? Ill minded criminals... Thanks, very interesting video! A lot of new information!! :)
carbon monoxide is CO, not CO 2. Big difference
I went to the wrecking yards and bought the metal that goes around the cat on the top and put it on the bottom of all of my new cars,wrapped the cat in metal,alot of sawing and noise to take my cats,then there's the 44 magnum that awaits them bastards,so sorry to the thieves who come back,i also own a backhoe for the unwanted
Cut the crap. My neighbor's F-350 truck cat-converter was stolen a month ago while I was awake on my laptop around 3:30am, even though I had my camera setup looking out at the court area towards my neighbor's house it was only when the thief made a bunch of loud grinding noises that I became of aware of something wrong and looked at my camera screen. By the time I realize what was going on he was running across the court with the cata-converter and I got up to get my shoes on and grabbed my crossbow to go outside, but the thief had ran off down the street to his getaway car and was long gone... took him less than 2 minutes to cut through and run off, while it took me 30 seconds to get ready and go outside, that's how fast this thief stole the cat-converter. And my neighbor slept through it all, he had no idea how it happened until I showed him the grainy video I captured of the thief.
So in my opinion it is better to have a very sensitive car alarm because that will work better to alarm you and scare off thief... putting more metal around your cat-converter is a waste of time because dude will cut through it with ease if he knows what he's doing.
with that solution, there is a very low re-offending rate, for some reason 🤔
@@tonyfeeney6978 still got em,and i still clean the wesson,i don't dial 911,except for ambulances for me and the lady
why palladium and rhodium increase in price but not platinum?
Think platinum is more used for diesel cars , in europe theres less demand now.
Price could also be kept down like they do with silver i dont know ...
Removing platinum based metals is very dangerous and if it gets on you it can be very devastating to your health. For the amount of precious metals you'll get out, it's not worth the risk to your health.
vanmanpredator1 speak for yourself, this video caused me to become a car thief just now.
I just sell them on eBay so someone else has to deal with it. lol.
They just rob power from the engine....
Can u able to determine my item here in philippines.my prospects is either platinum or palladium??? 👍
@@gemmontejo2734 palladium
Combustion engine will be the thing of the past
Tongue in cheek, would they tell you if it was easy to do? Of course not. Why would they tell you, that from one unit, there could be between $500 and $1000 worth of precious metals. Platinum sells for about $50 per gram. And he said that a converter could yield around 20 grams.
10000 an ounce? It's now 15,000 an ounce
Catalytic converter theft has been going on for 15 years, not new news. Just an uptick in theft in areas where people are just figuring out to steal them. Thats why some automakers have re-engineered cars and pickups so that they cannot be removed by lying on the ground under the vehicle. The auto makers that have not are still experiencing this.
I've been watching Rhodium prices. 10,000 ==> 3,000 ==> 4,500 ==> 4,000 ==> ? Follow the bouncing ball. Somewhere in there I forgot a 6,000 after a 3,000.
...they can't use Bitcoin!?
Every converter I put up on eBay gets sold instantly. I take them off my junk cars.
YOU SHOULD KEEP THEM AND CUT THEM OPEN AND PUT ALL OF THE HONEYCOMB MATERIAL IN A 55 GALLON DRUM,SOON THE METALS WILL GO TO MARS IN PRICE,YOU'LL BE RICHER THAN SELLING THEM,THAT'S FOR SURE,I'VE 600 LBS OF THIS MATERIAL AND NOW I JUST SELL THE CONVERTERS AS I'VE ENOUGH TO SAVE ,gonna buy another home with the money soon as the stock market goes away and metals rule the day again
@@strattuner where do you send the material. Or who is the best catylatic converter vender
@@roseanreaves6146 first you have to have enough to cut a check,there are places that buy the internals,platinum sells it self
CO2 is why you have plants. And there is a dearth of this life giving gas.
aboat - I love how Canadians pronounce about
He is south american.
Loren Pearce the host is Canadian.
South African. He sounded Australian
Electric cars = no catalytic converter
Guess where most of your electricity comes from.
s0nnyburnett where?
They would need hydrogen fuel cell which mainly composed of platinum
@JC S maybe in the past but lots of massive machines are soon electric...... how much electric is used to distil the crude oil to make the diesel ...lol....see how stupid you are lol
@JC S u can't recycle burnt diesel can you lol... but a battery can be recycled over and over again ....solar geo wind tidal.....how much free energy do u want lol
Despite what everyone thinks, CO2 is a requirement for life on Earth. So it's really not a bad gas for a car to give off. Plants breathe it in and exhale oxygen, which is the gas we have to breathe. Also, plants turn the carbon they retain into food that animals(including humans) eat.
The reason why catalytic converters thieves are making a havoc here in UK.
Prediction: Catalytic converters go the way of the DoDo... SOON
EV's don't need catalytic converters so I'm with you on this one.
@@firstlast3507 LMAO! Guessing you haven't noticed the price of oil lately. EVs can't compete with negative oil prices. They can't even compete with moderately high oil prices w/o subsidies. I am saying Cats are gone because they will/are too expensive. That's it
Great video for criminals! What’s your motive for this video!?
You'll find more platinum by sweeping the streets than what you're talking about there.
Thanks for letting thiefs know what to steal >_
Electric cars don't have a CAT .....lol
south african accent?
Ja boet
He really doesn't understand how catalyst works. At no point is the oxygen gas formed in the cat. The catalytic converter completes the combustion process by causing the unburnt hydrocarbons to react with the carbon monoxide through a secondary combustion within the cat. There by completing the combustion process.
So much risk, expense, time and effort just to extract less than a troy oz of precious metals. Once extracted it still needs further refinement before it even gets to a kiln. Seems easier to work a laborious odd job at $20 an hour for a week and bring home $800 instead.
First... do I win a free buillion?
Sagittarius Que right?!
Shaking hands, eh? The beer virus apparently hasn't reached the Cayman Islands yet then? ;)
Hahaha
NO NEED FOR THEM
*Time to buy electric*
Batteries cost orders of magnitude more.
@@s0nnyburnett Yep, and very difficult to dispose of batteries. And the all the coal needed to create electricity ain't helping to create a less toxic air environment, but of course these eco-green morons never see beyond the marketing they've been brainwashed with.
Just cut the cat out and sell it
No one has the expertise, to steal and then sequester the metals. They're just too belligerent, to even understand this. This is a major science endeavor.
Organized criminals do.
You're looking at CZcams videos to see how to extract and refine PGM's from catalytic converters? You really are clueless, or you are misleading the audience intentionally.
The place to find all of the information about salvaging precious metals from catalytic converters, electronics, and other recyclable materials is www.goldrefiningforum.com
Two things about the site. 1) READ, don't just ask questions. You need to spend months reading before you might have a question which wasn't already answered. Members have little patience for impatient noobs who want everything handed to them. 2) Before BEGINNING any chemical processes to refine metal, you MUST learn (by reading) the two most important aspects of refining: safety and reduction of hazardous waste to nonhazardous waste.
Cars are going electric sooo ...
Very interesting!