Thieves Taking More Risks as Gold Price Rises

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The recent talk of rising gold price has more people investing in the precious metal, but has also resulted in more gold thefts across the country.

The price of gold Monday stood at almost $1,900 an ounce and was still rising.

Unfortunately, criminals are finding ways to get in on the gold rush. One video surveillance tape released by the Los Angeles Police Department showed burglars smashing in a glass case at a jewelry store.

"They see the dollar sign and they are going for it. they are willing to take a lot more of a chance than they use to," said LAPD Commander Andy Smith.

And it's not just jewelry stores that are at risk from thieves. Police warn that criminals have targeted people wearing gold as well.

In another released clip of security footage, a blind woman was attacked. She was wearing a gold chain worth around $100. The footage showed the thief as he ripped it off her neck.

In Phoenix, Ariz., police are looking for a man who is targeting high school girls. He engages them in a conversation before snatching their gold necklaces.

"When you're wearing jewelry like that, you've got to really make sure you're not putting yourself in a position where the wrong guy is going to walk up and snatch your necklace," said Erin Stevenson, the owner of a gold buying company.

"It's over in a matter of seconds, but it's still terrifying for everyone," Smith said.

Police say women are generally being targeted. They suggest that if people are wearing gold jewelry, they tuck it under their clothing.

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Lorie  Johnson

Lorie Johnson

CBN News Medical Reporter

Lorie Johnson reports on the latest information about health and wellness. Since medicine is constantly changing, she makes sure CBN News viewers are up-to-date on what they need to know in order to live a healthy life.  Follow Lorie on Twitter @LorieCBN and "like" her at