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Golf Clubs Hit by Silver-Hungry Gangs
6 Feb
Summary
- Masked gangs are targeting golf clubs for trophies amid rising silver prices.
- Two Kent golf clubs were recently burgled within days of each other.
- Some clubs have seen claims of up to £100,000 for stolen trophies.
Golf clubs across England are facing a wave of targeted burglaries, with masked gangs reportedly stealing valuable trophies. These incidents are thought to be linked to the recent record surge in silver prices, which have hit highs not seen in years. Factors such as volatile global markets and investor confidence in precious metals are influencing these price fluctuations.
Two golf clubs in Kent were recently burgled within days of each other, with thieves breaking into clubhouses and making straight for the trophy cabinets. Footage from one incident showed three masked men stealing between 20 and 30 trophies, valued at around £5,000, in just three minutes.
Similar thefts have been reported by police forces in other regions, including Gloucestershire, the Midlands, and the New Forest. One insurance broker noted a nationwide rise in trophy-related thefts, with one recent claim estimated at £100,000, highlighting the significant financial and historical loss for affected clubs.
Experts predict gold prices may reach $6,300 an ounce by the end of 2026, despite recent market volatility. While silver prices have seen substantial growth, experts anticipate a future decrease. Insurers are advising clubs to review their coverage, enhance CCTV security, and consider asset protection measures to deter future raids.
