gold thefts in the UK

[stone]

http://www.guardian.co.uk/uk/2012/jan/3 ... n-families

The thieves who broke into this semi-detached house in Earley, near Reading, stole around £70,000-worth of gold jewellery. To those who are not from a south Asian family, it might seem remarkable to own so much valuable jewellery, but families such as the Rashids (Mr Rashid runs a small business) live in ordinary houses and are not particularly wealthy. Their gold collection – elaborate necklaces, rings, earrings and bangles – is treasure that has been handed down from generations of their families in Pakistan or bought as wedding gifts. It's our savings, our security, says Mrs Rashid, visibly upset. If, in future, the family needed money, they would have sold some pieces. "It's like paying a mortgage for 20 years and then having a house worth thousands of pounds afterwards – it's the same thing with gold," she says. "Our parents gave it to us, we would have given it to our children, they would have given it to their children," says her husband. They tried to put their gold in the bank, but "there were no lockers available. Everyone is looking for one."

[dualstow]

No lockers available? Sounds like a business opportunity.

Also, I don't see insurance mentioned, save in the comments.

[gizmo_rat]

Favorite bits of that article

How much of it is stolen? Hopefully none of it, he [Chairman of gold buying shop] says

I watch some [customers] leave with bundles of notes – one man, who has brought in several kilos of gold, walks out on to the street with nearly £75,000 in £50 notes stuffed into a plastic carrier bag.

Hmm, someone walking in with several kilos of gold and accepting ~20% of spot value, seems legit.