Gold Price Surge Sparks Increase in Robberies and Fraud, Police Warn

The high gold price has attracted criminals' interest in gold robberies and fraud, warns the police in a press release.

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Gold Price Surge Sparks Increase in Robberies and Fraud, Police Warn
Photo: Tomas Oneborg/SvD/TT

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The gold price has risen by 20 percent this year and set a record as recently as April. The police are warning that the high price of the raw material increases the risk of gold robberies and fraud.

"It is primarily gold dealers, pawnbrokers, and other companies that handle larger quantities of gold that are affected by the robberies, but we also see that more private individuals are being robbed," says Karin Breding, who is responsible for criminal economy within the police, in a press release.

The police write that even though they are working actively to prevent gold robberies and fraud, it is important that both companies and private persons consider how they can reduce the risk of being robbed.

Among other things, warning is given about swindlers who target the elderly and claim to be from the police or security companies and are supposed to "help" take care of gold and other valuables.

"The swindlers are skilled, appear empathetic, and stand their ground, which makes it difficult to resist," says Karin Breding and adds:

"The police or security companies will never come to people's homes to collect gold jewelry or valuables."

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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