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The price of gold recently hit an all-time high of nearly $1,900 per ounce. That astronomical price appears to be driving a wave of smash and grab chain snatchings. In Los Angeles along just this year, more than 110 people have had their gold chains ripped right off their necks. Law enforcement authorities from around the country say gold jewelry is being been snatched from their owners and the word has gone out that people should be careful.
"They see the dollar sign, and they are going for it. They are willing to take a lot more of a chance than they used to," Commander Andy Smith of the Los Angeles Police Department told the ABC program, "Good Morning America."
Retailers are also at risk in the new gold rush, Burglars are targeting jewelry stores, smashing jewelry cases and grabbing everything they can.
Just recently thieves stole an ancient bar of gold worth $550,000 from the Mel Fisher Maritime Museum in Key West, Florida.
And police in Phoenix have been trying to catch a man who they say engages in small talk with female high school students, then snatches their gold necklaces.
Officers in Milwaukee said they caught several thieves and drug addicts who confirmed they were stealing jewelry to sell to gold-buying businesses.
And police in Georgia and North Carolina recently broke up a large burglary ring that was targeting gold and jewelry, according to Detective Mac Abercrombie in Douglasville.
Six suspects were arrested in Georgia, and at least 30 other persons are suspects in the investigation. Add this page to your favorite Social Bookmarking websites        
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