Monday, May 19, 2008

GOLD PRICES LEAD TO THEFT AT PENNEYS

In a sign of the times thieves have been going for the gold. Thieves in California have been hitting across state an making off with gold.
The first break-in took place in September 2006, when gold was selling for about $587 an ounce. The thieves lay low until last December before striking again, perhaps enticed by the price of gold hovering around $800 an ounce. As the price of the precious metal continued to zoom to more than $1,000 an ounce, the thieves' activity increased until they had stolen about $2.5 million worth of gold jewelry from 11 JCPenney stores throughout California. 2.5 million dollars!!! WOW!

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