Why Record Gold Price Proves Good News for Burglars

Source: Telegraph, Ian Cowie (4/12/11)

"The increase in companies offering to buy gold jewelry by mail allows criminals to sell stolen jewelry more easily."

Tens of thousands of households are "seriously under-insured" after the gold price has risen more than fivefold during the last decade, according to Britain's biggest friendly society.

Most contents policies set a maximum limit on any single valuable item of £1,000 a decade ago and the equivalent figure today is £1,500. While that may have kept pace with increased prices for some household goods, it has been left far behind by the soaring value of gold jewelry.

LV=, formerly known as Liverpool Victoria, which insures more than 1m homes, says 90% of theft claims now include stolen jewelry. A spokesman said: "We want householders to consider whether they have adequate cover before it is too late. This could mean something as simple as updating the valuable items part of your household policy. The increase in companies offering to buy gold jewelry by post could also have made it easier for criminals to sell this type of stolen property. Jewelry is certainly much more valuable now. For example, an 18-carat gold claim that would have cost £3,000 in 2001 would cost £14,000 now."

According to the Association of British Insurers, 80pc of households have contents cover and one in 10 make a claim in a typical year.

Cynics may suspect that insurers are merely trying to talk up demand for their services and the best course of action for householders is to do nothing. But after the boom in gold and jewelry prices during the last decade, the main beneficiaries of that point of view might be burglars.

Gold Explorer Highlights 2020 Achievements and Outlook
Source: Streetwise Reports (01/29/2021)

Magna Gold Corp.'s CEO Arturo Bonillas issued a letter to shareholders outlining the firm's business and financial accomplishments in 2020 and its strategy and outlook for 2021.

Cabral Gold's channel samples at the JM target provide "further evidence that numerous high-grade veins occur within the Cuiú Cuiú district."

Explorer Completes Phase 2 Metallurgical Work for Palladium-Copper Project
Source: Streetwise Reports (01/28/2021)

Generation Mining intends to wrap up the feasibility study on Marathon this quarter.

Silver Firm Reports Q4/20 Processing, Production Numbers from Mexico Project
Source: Streetwise Reports (01/28/2021)

MAG Silver's joint venture project Juanicipio produced 230,000 ounces of silver during the quarter ended Dec. 31, 2020.

Explorer Reports High-Grade Gold-Silver Intercepts at BC Golden Triangle Property
Source: Streetwise Reports (01/27/2021)

Scottie Resources Corp. advises that the target remains open in most directions.

Golden Arrow Resources Out Exploring Again After COVID-19; Hits High-Grade Gold at Tierra Dorada in Paraguay
Source: The Critical Investor for Streetwise Reports (01/27/2021)

The Critical Investor explains why he believes "investors have an interesting opportunity to invest in a pretty derisked, undervalued and experienced explorer with three chances for success."

Junior Mining Sector 'the Best Value in the Space'
Source: Streetwise Reports (01/27/2021)

The StreetSmart Live! Broadcast on Jan. 26, 2021, focused on metals and why now is a good time for investors to be looking at them and the mining space. John Newell, independent analyst and portfolio manager, and John Feneck, mining sector expert and president of Feneck Consulting, addressed the status of the current metals market. CEOs of the three metals-focused companies comprising the Metallic Group of Companies—Group Ten Metals, Metallic Minerals and Granite Creek Copper—discussed their projects.

Shenanigans Abound: Gold, Silver and Cryptocurrency
Source: Michael Ballanger for Streetwise Reports (01/26/2021)

Sector expert Michael Ballanger explores the generational trends currently shaping investment markets, including the precious metals.

MMT Survey Helps Explorer Identify New Large Target at Ecuador Property
Source: Streetwise Reports (01/26/2021)

Aurania Resources reported that data from an ongoing Mobile MT Survey identified an extensive target at Tsenken at its Lost Cities - Cutucu Project in southeastern Ecuador.