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?