Sunday, April 13, 2008

Copper: The New Underground Currency

MINNEAPOLIS--As copper prices surge above $4 per pound (see chart above), thieves in Minneapolis are ransacking house after house in search of copper they can sell to scrap dealers for as much as $20,000 a month.

Thieves most often hit foreclosed homes, but not always. They broke into Keili Mac's Minneapolis home while she was out of the country and took copper gas pipes. They left the gas on, the house exploded and the city demolished it. The victim returned to find her house gone.

3 Comments:

At 4/13/2008 11:31 AM, Blogger Walt G. said...

Too bad the house did not blow up with the thieves still in it. A copper wire thief was not so lucky. His charred remains were found next to a live 48,000 volt wire and a pair of wire cutters in Detroit.

 
At 4/13/2008 4:34 PM, Anonymous The Masked Millionaire said...

$20,000 a month is pretty enticing!

 
At 4/14/2008 2:21 PM, Blogger juandos said...

"A copper wire thief was not so lucky. His charred remains were found next to a live 48,000 volt wire and a pair of wire cutters in Detroit"...

Ahhh, the well grounded individual...ROFLMAO!

 

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