Gold prices spur bling thieves
Gold theft is on the rise. One county in Georgia now requires all gold buyers to fingerprint sellers and send their names to the sheriff’s office.
Along with the striking rise in the price of gold—now almost $1,900 an ounce, nearly double its value two years ago—comes a similar rise in gold theft, said Stuart Pfeifer in the Los Angeles Times. “A series of brazen store robberies,” some violent, in Los Angeles’s jewelry district has police on alert. “It’s primarily based on the price of gold, because we didn’t see this as much before last year,” said LAPD Lt. Paul Vernon. Since stolen gold can be quickly melted down and resold, police around the country are devising new ways to monitor the market. Cherokee County, Ga., now requires all gold buyers to fingerprint sellers and send their names to the sheriff’s office. L.A. police say jewelry-store owners aren’t the only ones who should be worried; they’re also warning members of the public “against flaunting their bling.”