Search the Site

A New Gold Rush?

Reader Steve Harbeck writes:

[This week]’s newspapers note that gold has hit a new high. This will predictably result in stories of senior citizens lining up to sell old jewelry and coins. But what of the more nuanced consequences? I discussed this with a colleague of mine, a risk manager, and we see the following possibilities … and opportunities:

1. More jewelry store robberies, and more home burglaries. Willie Sutton would predict this.
2. A spike in alarm system purchases. (See Item 1.)
3. Stock appreciation for companies that install and service alarm systems, and companies that provide secure transportation of valuables.

Any other ideas?


Comments