b'40 Catalytic ConvertersConverter Recycling: Playingthe Long GameBy Becky BerubeAHistorical life in the time of COVID-19, the worldsame with converter recycling and was on shifting sand. In handling calls,precious metals sales. Play the long Perspective we were trained to calm investors fearsgame. Look at the Platinum Group and remind them that mutual fundsMetals over the past 10 years. (Charts: Nearly thirty years ago I started mywere a long-term investment, five to tenKitco) We have experienced more than career as a Customer Service Represen- years. It was best not to change courseone deep recession. See also light duty tative at Putman Investments in Boston.and become reactionary.vehicle sales from 1978-2020. The Gulf War was in full swing. LikeToday, my advice to you is the(Graphic: Wards)Light vehicle retail sales in the USPlatinum Group Metals 10-Year In life, there is more than from 1978-2019 (In 1,000 units) one way to do most twenty-two months ago. Rememberconverter averages enjoyed an 83%things. This is not true Converter Averages: Today, 2these are random samples fromincrease while giving up 32% in recentwith converter recycling. Months Ago, 22 Months Ago recycling data across North America inmonths. Still values are almost double Look at these converter averages a- There is a specific amount Month Channd average price per poundUSD. (Data: United Catalystwhat they were nearly two years ago.Corporation). In the past 22 monthsof precious metals in each today versus two months ago andconverter.2-Month Change on Averages 22-Month Change on AveragesAn Important Sourcemetal pricing, and supply and demandnot been left unscathed. There have of Cash Flow coming into equilibrium, the revenuebeen some mine closings in South Amidst COVID-19, with lowerfrom converter recycling remainsAfrica, some smelters and trade desks new car sales, corrections in precioussteady and important to recyclers.that are not taking bids or receiving Precious metals mining and refining hasmaterial due to lack of liquidity, staff'