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Gold racket out of control

marciadottin, [email protected]

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MILWAUKEE – Law enforcement and local governments are scrambling to shut down a shadow industry that has grown up around the booming cash-for-gold business nationwide: thieves are snatching jewellery, then converting it into a quick payday at the shops. Thousands of shops have opened to take advantage of high gold prices and hard economic times, and police in some cities have noticed an uptick in burglaries and thefts.Milwaukee and other cities are changing the procedures and record-keeping technology for spotting stolen jewellery before it can no longer be recovered.The usual methods weren’t coping with the modern day gold rush. (AP)