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Gold’s price soars past a record $2,700: Why you should invest right now
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The price of gold continues to break records. That was the big news in the precious metal industry this week after the price of the yellow metal surged past $2,700. Now at $2,716.64 per ounce, the new price record comes just weeks after gold hit a previous record of around $2,600. That’s after the metal started the year priced at just $2,063.73 per ounce – a dramatic 32% increase in less than a year. And there are no signs of cooling. Many experts now expect the price to rise past $3,000, perhaps as soon as this year.
Against this backdrop, then, prospective investors may want to get started now, before the price becomes out of reach. There are multiple, timely advantages to investing in gold now, whether you’re a beginner just getting started with precious metals or a veteran looking to add the portfolio protection that gold is known to provide.
Start exploring your best gold investing options online now.
Why you should invest in gold right now
A rising price could scare some potential investors away from getting started with gold. But that would be a mistake. Here are three important reasons why you should strongly consider investing in gold right now:
You may be able to turn a quick profit
Although gold is considered to be more of a conventional, long-term investment the price growth it’s experienced this year isn’t exactly conventional. So, while you may be able to benefit from the long-term assistance it can provide your portfolio by maintaining and rising in value, now also offers investors a rare opportunity to turn a quick profit. Depending on when they invested this year (and with how much), current investors may have already made hundreds or even thousands of dollars with their gold. And with its current upward trajectory, new investors can potentially turn a similar, rapid profit. But you’ll need to buy in now to be able to sell at a higher price.
Get invested in gold online today.
The price could soon become prohibitive
$2,700 isn’t cheap for an ounce of gold, particularly when compared to what it cost one year ago. But it could become the less expensive option if you delay investing and gold’s price continues to surge. At that point, the price could simply become prohibitive for your portfolio and you may need to look for alternatives like silver. Waiting for the price of gold to fall comes with multiple risks, the most obvious of which is that there’s no guarantee it will actually drop. And with factors like inflation, economic uncertainty and geopolitical tensions – all of which drive the price of gold – still concerning now, waiting could be the wrong move.
Competition will increase – and you’ll miss gold’s benefits
In addition to the rising price, buyer competition for gold is also on the rise. Big retailers like Costco have sold out of gold bars multiple times already, as recently as this fall. So if you wait to buy physical gold it may be harder to obtain than it would be in a different economic climate. And missing out on the metal also means missing out on the benefits it can provide, like a hedge against inflation and portfolio diversification when other assets underperform.
The bottom line
With gold’s price surging with no clear end in sight, prospective investors should consider getting started right away. If they do, they may be able to turn a rare profit by selling what is normally considered a long-term investment. By acting now, they’ll also circumvent any future price increases and rises in competition amid buyers. However, it’s critical that investors keep gold as one part of a diversified portfolio, even with the price rise seemingly never-ending. Most experts recommend limiting gold to 10% or less of your portfolio in order to avoid overcrowding other, more volatile asset classes.
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Body of 24-year-old hiker found on rugged trail in Big Bend National Park in Texas, officials say
Searchers found the body of a 24-year-old hiker on a rugged trial in Big Bend National Park in Texas, the National Park Service says.
According to the service, park rangers became concerned the day before because a vehicle was parked for several days at the trailhead for the Marufo Vega/Strawhouse/Ore Terminal Trail.
“Records indicated that there were no overnight backpackers listed for that area for those nights. A quick search by the park pilot was unable to locate hikers in the area,” the service said.
National Park Servive
So a search and rescue team of rangers and U.S. Border Patrol personnel went to three trails Monday morning, along with helicopters from the Texas Department of Public Safety and U.S. Customs Air and Marine Operations.
The body was spotted in a remote area along the Marufo Vega Trail, park service officials said. A Department of Public Safety helicopter flew it out.
The hiker’s identity wasn’t released.
The park service described the Marufo Vega Trail as “a spectacular yet challenging 14-mile loop that winds through rugged desert and along rocky limestone cliffs. No shade or water makes this trail dangerous during the warmer times of year.”
The service pointed out that even though it’s late October, the mercury along the Rio Grande and desert areas of Big Bend has risen to almost 100 degrees each afternoon.
“Park rangers wish to remind all visitors to be aware of the dangers of extreme heat,” the service stressed. “Hikers should be prepared to carry plenty of water, salty snacks, and to plan on being off desert trails during the heat of the afternoon.”
BROCKTON – Lawyers for Karen Read want a wrongful death lawsuit against her to be delayed until after her second criminal trial, an issue they argued before Judge William White, Jr. in Plymouth Superior Court in Brockton on Monday.
Read’s attorneys want proceedings delayed
Read’s lawyers, who are not the same attorneys who represent her in her criminal trials, argued that to proceed with a wrongful death lawsuit at the moment could violate her Fifth Amendment rights against self-incrimination. They asked the court to stay – or delay – the proceedings until her second criminal trial ends.
The reason, they say, is that requiring Read to be deposed or answer questions in the civil trial could incriminate her in the ongoing criminal case. The standard for a criminal case – which can result in jail time – is beyond a reasonable doubt, whereas in civil court – where the outcome is money damages – is a preponderance of the evidence, or more likely than not that Read’s actions caused O’Keefe’s death.
Greg Derr/The Patriot Ledger via AP, Pool
“The charges in the criminal trial are profoundly serious,” argued attorney William Keville on behalf of Read, who was not physically present at court Monday. “If she chooses to plead the fifth, she’d be giving up the right to defend herself.” Her lawyer explained that her words in the civil trial could be used against her in the criminal trial.
“Totally unprecedented”
Marc Diller, the attorney representing the O’Keefe family, accused Read of weaponizing the Fifth Amendment to her convenience. “Karen Read is overtly weaponizing the Fifth Amendment to her advantage,” Diller said. “She gave an in-depth interview with Vanity Fair. She has a Netflix documentary in the works.”
Diller also pointed out a raffle currently being held by Read’s team – for $50 per ticket, two winners will get to have dinner with Karen Read. “This is totally unprecedented,” Diller said. He told the judge that Read can’t “have it both ways,” by staying silent in court while being vocal in the court of public opinion.
Lawyers on behalf of CF McCarthy’s and the Waterfall Bar & Grille, two local restaurants also named as defendants in the wrongful death suit, also asked the court to delay the case. “Karen Read is the core of this case,” one attorney said, explaining that it would be logistically challenging to coordinate witness testimony with the same witnesses in the civil trial during Read’s criminal trial. The two bars are accused of overserving Read the night of John O’Keefe’s death in January 2022.
Judge White said he would take the issue under advisement, meaning he would issue a written decision in the future.
The O’Keefe family filed the wrongful death civil lawsuit on behalf of John O’Keefe in the summer of 2024, after Read’s first criminal trial ended in a mistrial.
Read’s second criminal trial is currently scheduled for January 27, 2025 in Norfolk Superior Court. Her lawyers for her criminal case will be at the Massachusetts Supreme Judicial Court on Wednesday, November 6, to argue that the state’s highest court dismiss two charges against her based on post-trial jury polls.
Who is Karen Read?
Read, 44, is charged with second-degree murder, leaving the scene and manslaughter in the death of her boyfriend, Boston Police officer John O’Keefe. Prosecutors said she hit him with her SUV after a night of heavy drinking and left him to die in a snowstorm.
Read’s attorneys said she was framed, and that O’Keefe was actually killed inside the Canton home of another Boston police officer and dragged outside.
CHICAGO (CBS/AP) — Actor and Chicago native Jay Johnston will spend a year in prison for his role in the U.S. Capitol Insurrection of Jan. 6, 2021.
Johnston pleaded guilty in July to a felony offense of obstructing officers during a civil disorder.
He asked for leniency, saying he was fired from his job on the animated television series “Bob’s Burgers,” and has not been able to find work since his arrest.
But a judge said Johnston failed to show remorse for his actions.
Johnston played a street-brawling newsman in the movie “Anchorman: The Legend of Ron Burgundy” and pizzeria owner Jimmy Pesto Sr. in “Bob’s Burgers.”
The FBI alleges that video footage captured Johnston pushing against police and helping rioters who attacked officers guarding an entrance to the Capitol in a tunnel on the Lower West Terrace, according to an FBI agent’s affidavit. Johnston held a stolen police shield over his head and passed it to other rioters during the attack on Jan. 6, 2021, the affidavit says.
Prosecutors said Johnson was caught on video as he pushed against police officers and “aided other rioters” near a Capitol entrance known as “the tunnel.”
Johnston started his comedy career by doing improv at The Second City and Annoyance Theater in Chicago before moving to Los Angeles.
In addition to “Anchorman” and “Bob’s Burgers,” Johnston also has had roles on “Mr. Show with Bob and David,” “Better Call Saul,” “Arrested Development,” and “Moral Orel.”
Body of 24-year-old hiker found on rugged trail in Big Bend National Park in Texas, officials say
Karen Read accused of weaponizing Fifth Amendment by seeking to delay civil trial
1 year in prison for “Bob’s Burgers” actor Jay Johnston for role in Jan. 6 Capitol riot
Body of 24-year-old hiker found on rugged trail in Big Bend National Park in Texas, officials say
Karen Read accused of weaponizing Fifth Amendment by seeking to delay civil trial