Thursday, October 6, 2011

Metal theft; North Beaver Township bridge

I have written previously about metal theft and the implications of rising metal prices and metal theft for inflation and the real estate market. In today's inflationary environment, Metal thieves are constantly finding different metal things to steal in ever greater quantities. An item in today's Ellwood City Ledger in Western PA proves that point:
As the value of scrap metal — including copper and steel — increases, thieves have been becoming more daring and less respectful of institutions such as churches and schools.

But one group of thieves might have set the standard last week by stealing a 50-foot-long bridge. State police said the bridge was stolen between Sept. 27 and Wednesday in North Beaver Township. The theft was discovered shortly after 9 a.m. Wednesday.

Despite recent commodity price declines, metal theft continues and will remain an indicator of strong inflation until government spending is brought under control.

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