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Should beginners invest in gold this November?

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Putting a coin in a golden piggy bank.
Adding gold to your portfolio could have big benefits this November, even as a beginner investor.

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Gold’s meteoric rise in 2024 has captured the attention of investors across the globe, as the precious metal has shattered numerous price records and posted gains of about 33% year-to-date — far outpacing the returns on more traditional investments. This remarkable performance hasn’t just been appealing to seasoned investors, either. It has also sparked interest among newcomers to the investment world, many of whom see the potential for significant returns in an asset traditionally known more for stability than dramatic growth. 

The allure of gold in today’s market is understandable. Watching an investment vehicle post consistent gains can make the decision to invest seem straightforward, particularly for those just beginning their investment journey. However, the decision to invest in gold requires more nuanced consideration than simply following market momentum. While gold’s recent performance might suggest an easy path to profits, its role in an investment portfolio is complex and multifaceted. 

And the current market dynamics present both opportunities and challenges for beginners, in particular. After all, the confluence of factors driving gold’s price appreciation creates a complex landscape that can be difficult to navigate. So should beginners take the plunge and add gold to their portfolios this November? That’s what we’ll break down below.

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Should beginners invest in gold this November?

While the decision to invest in gold is ultimately a personal one based on factors like your investment goals and diversification needs, there are a few good reasons to consider buying in as a beginner, including:

The potential for short-term price growth

Gold is typically seen as a long-term investment, but the past year has presented a unique opportunity for short-term gains. The price of gold has surged from about $2,064 per ounce on January 1 to where it sits today at about $2,745 per ounce (as of October 24, 2024). And while that’s an impressive price run, there’s a good chance it’s not over. Many analysts expect that the price of gold could exceed $3,000 by the end of the year, meaning that beginners have a rare chance to invest now and potentially turn a quick profit in the coming weeks or months.

So, if you’re new to investing and looking for a way to capitalize on market trends, gold could provide a relatively low-risk opportunity for significant returns in the short term. While it’s generally advisable to hold onto gold for the long run, current market conditions offer a window for quicker profits, making this November an opportune time to get involved.

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The protections it offers during uncertain times

Geopolitical tensions are running high as the year draws to a close, with conflicts and global uncertainty making financial markets more unpredictable. That’s where gold can come in handy, especially for beginners. Gold has historically been seen as a safe haven during times of geopolitical unrest, as its value tends to rise when other assets face volatility or decline due to external shocks. So for beginners looking to safeguard their portfolios against unpredictable global events, gold offers a layer of protection.

Whether it’s trade disputes, political instability or other conflicts, these factors can negatively affect traditional assets like stocks and bonds. By investing in gold, beginners can shield their portfolios from sudden downturns caused by such events. November is an especially relevant time to consider this, as upcoming political events could lead to more market swings. Owning gold in such times provides a cushion against potential disruptions.

The affordability and accessibility it offers

Another appealing aspect of investing in gold as a beginner is the variety of ways you can invest in it. Whether your goal is to buy physical gold, invest in a digital asset like a gold exchange-traded fund (ETF) or gold stocks or something else entirely, gold can be an accessible option regardless of your budget, as there are plenty of opportunities to get exposure without needing a large sum of money upfront.

For beginners, this flexibility is a huge advantage. You can start small by purchasing fractional shares of gold ETFs or gold-based mutual funds, allowing you to dip your toes into the precious metal market without committing significant capital. This makes November an ideal time for new investors, as it allows you to participate in the ongoing price surge while tailoring your investment to your financial situation. 

The bottom line

Investing in gold this November presents a unique opportunity for beginners. Whether you’re looking to turn a quick profit as gold prices continue to rise or are simply trying to find an affordable, accessible entry point into the precious metals market, gold offers both short-term and long-term benefits. By adding gold to your portfolio, you’ll also gain valuable diversification that can help protect your investments during periods of economic uncertainty. As with any type of investment, though, just make sure you’ve fully researched your options and are sure it’s the right move for your money. 



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Kamala Harris turns to her faith in outreach to Black voters

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Atlanta – Reva Harvey didn’t know Vice President Kamala Harris would be coming to her church on Sunday. But with almost two weeks left until Nov. 5, she thought it was “essential” for her to do so. 

Harvey, a 53-year-old Black woman whose birthday was one day before Harris’, said the vice president’s visit to the New Birth Baptist Church in Stonecrest, Georgia, could help her find older Black voters and give them “the information that they need.”

“You need to hit every corner, turn every song, just to be safe,” Harvey said at Harris’ Saturday rally in Atlanta.

Harris, a Baptist, capped off a week of heightened outreach to Black voters with visits last Sunday to two churches in the Atlanta area. Her focus underscores the importance for her in activating and persuading Black voters, the core of her party’s electorate, by going to a stronghold within the community. 

APTOPIX Election 2024 Harris
Democratic presidential nominee Vice President Kamala Harris, right, hugs an attendee at a church service before speaking at New Birth Baptist Church in Stonecrest, Ga., Sunday, Oct. 20, 2024.

Jacquelyn Martin / AP


At a CNN town hall on Wednesday night, Harris highlighted her faith, saying she prays “every day, sometimes twice a day.” 

“I was raised to believe in a loving God, to believe that your faith is a verb,” Harris said. “You know, you live your faith. And that, that the way that one should do that is that your work and your life’s work should be to think about how you can serve in a way, uplifting other people. “

She said one of the first phone calls she made after President Biden told her was dropping out of the presidential race was to her pastor. She said she “needed that spiritual kind of connection.” 

Georgia Sen. Raphael Warnock, during an appearance at a Jonesboro, Georgia, church with Harris, threw cold water on the idea Trump was siphoning off Black male support away from Harris, and got the men in the crowd to stand up and chant “real men vote.”

“This talk about Black men voting for the other… you know what I’m talking about. I don’t believe it,” said Warnock, who added “the real threat is not Trump, but not showing up.”

In recent weekends, Harris has attended multiple Black church services in southern battleground states. 

At the New Birth Baptist Church, Harris referenced the Gospel of Luke in reciting the “Parable of the Good Samaritan” and saying that first responders and those helping recovery efforts from Hurricane Helene and Milton represent “the good Samaritans walking among us.” 

Later, at a “Souls to the Polls” event at the Divine Faith Ministries in Jonesboro, Georgia, Harris was joined by music legend Stevie Wonder and Warnock, a senior pastor at Ebenezer Baptist Church. 

“This is an afternoon about faith and action,” Harris told the crowd, referencing the “Souls to the Polls” month-long mobilization of Black voters that launched last Sunday. 

Election 2024 Harris
Democratic presidential nominee Vice President Kamala Harris, left, and bishop Donald E. Battle, right, look on as Stevie Wonder speaks during a church service and early vote event at Divine Faith Ministries International, Sunday, Oct. 20, 2024, in Jonesboro, Ga.

Jacquelyn Martin / AP


The campaign has a National Advisory Board of Black Faith Leaders leading this effort through surrogate appearances in battleground states, including Harris’ own pastor, Reverend Amos C. Brown from San Francisco.

“It takes a real man to support a woman, who are not intimidated by an educated woman,” said Jamal Bryant, the senior pastor at the New Birth Baptist Church, as Harris sat in the congregation. 

Black male voter outreach 

Recent CBS News polling of the battleground states shows Harris’ support with Black voters is equal to levels President Joe Biden saw in a 2020 exit poll. But a higher number of Black men (19%) said they are supporting former President Donald Trump, compared to Black women (7%). 

Former President Barack Obama, who made history as the first Black president and has been on the trail for Harris in recent weeks, used a sobering tone to address Black men in Pennsylvania earlier this month. 

“You’re coming up with all kinds of reasons and excuses,” Obama said. “Part of it makes me think that, well, you just aren’t feeling the idea of having a woman as president.”

Recent weeks saw a heightened focus from the Harris campaign to target Black men. Last Monday, Harris released a new policy plan that was a direct appeal to Black male voters. It included a National Health Equity Initiative to focus on illnesses disproportionately impacting Black men, the legalization of marijuana and creating opportunities for Black Americans in the field, and providing up to 1 million forgivable loans up to $20,000 for Black entrepreneurs. 

When asked to compare the enthusiasm behind Harris’ campaign and Obama’s 2008 run, Harvey said while there is excitement and energy for Harris, “it’s not as hype” as she wants it to be, in part because some voters are reluctant on Harris because of her gender. 

In a MSNBC interview with Rev. Al Sharpton, Harris pointed to her Atlanta rally of over 10,000 as evidence of her support from Black men, but said, “I am very clear I must earn the vote of everyone, regardless of their race or gender.”

“What can be frustrating sometimes is to have journalists ask me this question, as though one should assume that I would just be able to take for granted the vote of Black men. I think that’s actually an uninformed perspective, because why would Black men be any different than any other demographic of voter? They expect that you earn their vote,” she said.

Harris’ running mate, Minnesota Gov. Tim Walz, touted the campaign’s proposed policies meant to help the middle class when asked what his message is to Black men in Philadelphia. 

“I think we need to make sure we’re getting out to them. We hear what they’re saying. We understand that their concern with issues, whether it’s climate, or health care, or reproductive rights, men care about that too,” Walz told Philadelphia’s 6ABC.

The Harris campaign has long contended that Black and Latino voters have remained as “persuadable” voter targets throughout the entire race, citing early investment in Black-specific advertising.

Election 2024 Harris
An attendee holds a campaign fan before Democratic presidential nominee Vice President Kamala Harris arrives to speak during a church service and early vote event at Divine Faith Ministries International, Sunday, Oct. 20, 2024, in Jonesboro, Ga.

Jacquelyn Martin / AP


Harris has also done several interviews this month with Black male journalists on platforms with predominantly Black audiences in recent days such as a Detroit radio town hall with “The Breakfast Club” and host Charlamagne tha God, with “The Shade Room” and journalist Roland Martin’s “Black Star Network.”

Black Democratic operatives say these appearances may be as effective, if not more, in convincing undecided Black voters than specific policy plans.

“It is helpful to be in the spaces and to be with validators that are not of government or of the institutions,” said Democratic strategist Joel Payne, who added that many young Black male voters who are undecided may have an already existing distrust with government. “You gotta flood the zone, and I think that’s what they’re trying to do.”

Payne viewed the Harris campaign’s targeting of Black voters as recognition they need to maintain high turnout in cities with high Black populations, such as Detroit, Milwaukee and Philadelphia, as well as with Black rural voters in Georgia and North Carolina. 

“They would not be doing that three weeks before Election Day if they didn’t feel like they needed to,” he added.

Quentin James, the president of the “Collective PAC” which boosts Black candidates, praised Harris’ policy proposals and argued it’s not “too little too late” for Harris to be looking to persuade Black voters. 

“The question is like, ‘What will people have her do? Act as if the vote is not important, and just kind of sit back and cruise? No, she’s out working, and that’s not a sign that things are bad,” James said. 



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Menendez brothers should be resentenced, Los Angeles County DA says

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Menendez brothers should be resentenced, Los Angeles County DA says – CBS News


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Lyle and Erik Menendez should be resentenced in the 1989 killings of their parents, Los Angeles County District Attorney George Gascón announced Thursday. The case will now go before a Los Angeles Superior Court judge who will decide to formally resentence both men and determine if the brothers should be released from prison. CBS News legal contributor Jessica Levinson breaks down the decision.

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McDonald’s E.Coli outbreak leads Burger King, KFC, Pizza Hut to remove onions from some locations

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Amid a deadly E. coli outbreak linked to McDonald’s Quarter Pounders, Burger King and Yum Brands are pulling fresh onions from some of their own locations.

Yum is yanking the topping from some KFC, Pizza Hut and Taco Bell locations “out of an abundance of caution,” Yum said Thursday in a statement to CBS News. Yum did not specify the locations impacted. “We will continue following supplier and regulatory guidance to ensure the ongoing safety and quality of our food,” a spokesperson for Yum said.

Burger King said it has asked the 5% of its locations that received onions from a Taylor Farms Colorado facility to dispose of them two days ago. “We are in the process of restocking them from other facilities,” according to a spokesperson.

The fast-food chain has not heard from health authorities and has not received any indications of illness, the Burger King spokesperson added.

The developments come two days after the federal health officials said an E. coli outbreak likely tied to onions used on McDonald’s Quarter Pounders had sickened at least 49 people in 10 states, killing one. McDonald’s removed the product from about a fifth of its 13,000 U.S. locations as federal and state health officials work to confirm the source of the bacteria. 

As most of those stricken reported eating McDonald’s Quarter Pounder burgers, investigators are working to figure out if slivered onions or beef patties are behind the outbreak. 

McDonald’s locations in Colorado, Kansas, Utah, Wyoming and parts of Idaho, Iowa, Missouri, Montana, Nebraska, Nevada, New Mexico and Oklahoma have temporarily stopped selling Quarter Pounders. 


Understanding how E. coli spreads after McDonald’s Quarter Pounder outbreak

04:31

McDonald’s identified California-based produce giant Taylor Farms as the supplier for the sliced onions the company removed.

Taylor Farms told CBS News Colorado Wednesday night it conducted tests on “raw and finished products” and “found no traces of E. coli.”

Still, Taylor Farms Colorado removed yellow onions from the market produced out of its Colorado facility, it said. 

Most of those stricken in the outbreak live in Colorado and Nebraska, with 26 sickened in the former and nine stricken in the latter, according to the U.S. Centers for Disease Control and Prevention. Of the 26 who became ill in Colorado, one older adult died, the CDC said. Health officials in Utah and Wyoming each reported four illnesses. Other states reporting illnesses include Iowa, Kansas, Missouri, Oregon and Wisconsin.  

At least 10 people have been hospitalized, including a child with hemolytic uremic syndrome (HUS), a serious condition that can cause kidney failure, according to the CDC.  The illnesses began at the end of September, and the most recent incident occurred October 11. 

It typically takes three to four weeks to determine if a sick person is part of an outbreak. Those infected with the toxin-producing E. coli experience severe stomach cramps, diarrhea and vomiting, and most recover without treatment after five to seven days.



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