precious metal

Catalytic converters contain precious metals that make some of them worth more than $1,000 each on the black market.

For weeks, they’ve been scouring their homes and cracking open their safes to retrieve vintage necklaces, family heirlooms and other expensive pieces containing the precious metal that can be melted for cash.

The precious metal is viewed as a safer asset for investors during times of economic uncertainty.

Gold’s reputation as a safe haven asset has been tested again as global economic uncertainty and geopolitical tensions lure investors toward the ancient precious metal.

Sze said she had one client in the Palisades who is asking his contractors to search through the remains of his home for precious metals, which would still retain some value, even if melted.