Investing In Gold And Silver For Capital Preservation And Appreciation

Boom In Gold Prices Prompts Thefts

Police believe "cash for gold" companies are prompting a recent surge of burglaries across the UK. MPs are now calling for the numerous adverts to be banned from our screens as burglars are tempted by the easy cash. The highest gold prices in recent years mean that companies can promise a profit by sending unwanted or broken jewellery to them through the post.


Police believe \”cash for gold\” companies are prompting a recent surge of burglaries across the UK. MPs are now calling for the numerous adverts to be banned from our screens as burglars are tempted by the easy cash. The highest gold prices in recent years mean that companies can promise a profit by sending unwanted or broken jewellery to them through the post.

Events in North Yorkshire have provoked concern, as a disproportionate number of burglaries in Harrogate have involved the theft of gold jewellery. \”We have had a concern for some time that \”cash for gold\” makes jewellery more attractive to steal\”, Head of Harrogate Police Superintendent Ken McIntosh spoke of the crimes. He blamed the simplicity of the process, which allows gold to be posted with no checks to the provenance or legality of the gold.

Police are worried that the process also hinders the detection and arrest of thieves, as those that have been stopped and searched have nothing to connect them to the robbery, as they have already posted the items in a \”cash for gold\” bag. Thieves have found these smaller items easier to steal, rather than the traditional games consoles and DVD players, and even cars. The extent of the robberies is highlighted by increasing home insurance rates in certain parts of the country. However, jewellery theft can be particularly upsetting, as no amount of compensation can replace a sentimental piece of jewellery.

Police are now working alongside the Post Office to clarify a law about searching post boxes in the North Yorkshire area for the stolen jewellery. There is a concern that \”cash for gold\” thefts might be a national trend, so police are working through the intelligence department to increase the security measures taken by the companies who run these services.

In the meantime, home owners are urged to stay vigilant and to increase the security of their homes.

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