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4 big gold investing mistakes to avoid this November

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Before investing in gold this November, it’s critical to first understand some simple but easy-to-make mistakes.

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The price of gold has been on a record run so far in 2024. After starting in January priced at $2,063.73 per ounce, the price of the precious metal has soared in the months following, now sitting at $2,734.46 per ounce — an approximate 33% rise. There are no indications that the price will be falling anytime soon, either, which is encouraging many prospective investors to act aggressively now while gold is still somewhat affordable.

Gold has multiple benefits for investors, even with the price elevated. To take advantage, though, you’ll need to be strategic in your approach. Whether you’re a beginner investor just getting started with precious metals now or a seasoned investor considering an additional portfolio diversification layer, there are some timely mistakes to avoid heading into November. Below, we’ll detail four of them.

Start exploring your best gold investing options here.

4 big gold investing mistakes to avoid this November

If you want to benefit from all of the features that gold investing offers then it’s critical to avoid making these four mistakes this November:

Waiting for the price to fall

With a few minor exceptions, gold has been on a one-way trajectory all year: upward. So waiting for the price to fall in any advantageous way to invest would be a strategic blunder right now. Not only is gold unlikely to fall, thus making waiting detrimental, but it’s actually likely to rise again as most of the factors that drive the price of gold are prevalent right now. So don’t wait for the price of gold to fall and get priced out. Act now and buy in while you still can.

Get started with gold now.

Thinking you need to buy a larger size

A price point of nearly $3,000 an ounce can be discouraging for investors. But thinking you need to buy a larger size of gold to add to your portfolio is a mistake. You can invest in smaller, fractional gold, too. This will allow you to add that same reliable gold protection to your portfolio without having to pay today’s elevated price to secure it, so don’t get overly focused on the price you see rising each day. You can pay less for a smaller amount of the metal.

Getting invested in the wrong type

A rising asset price may encourage you to act quickly, but getting invested in the wrong gold type could easily offset any expected gains and may actually put you in a worse investing position than if you had done nothing. With gold investments ranging from gold IRAs to gold bars and coins to gold stocks and futures for more experienced investors, you must explore all prospective types carefully before acting to ensure that you’ve chosen the right one for your portfolio.

Not paying attention to market conditions

Multiple factors drive the price of gold, including inflation, interest rates, geopolitical tensions and more. As a prospective gold investor, not paying attention to these market conditions is a major mistake. You should carefully consider these factors before investing, but it’s also important to monitor them after, too, to ensure that your gold portion of your portfolio is performing as intended. 

Gold is a long-term investment, sure, but investing in it in today’s economic climate arguably requires more monitoring then the “set it and forget it” approach some may have taken in the past. And with new unemployment and inflation data, and another Fed meeting all set for the first half of November, there are bound to be market conditions worth monitoring closely.

Learn more about investing in gold in today’s economy here.

The bottom line

It can be tempting to rush into a gold investment now with the price surging. However, like all investments, it’s important to take a nuanced and strategic approach before acting. By avoiding the above mistakes now, gold investors can position themselves both for greater financial success this November and for the months and possibly years that follow. 



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Norah O’Donnell unpacks interview with Harris in Michigan

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Norah O’Donnell unpacks interview with Harris in Michigan – CBS News


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In a new interview, Vice President Kamala Harris told “CBS Evening News” anchor and managing editor Norah O’Donnell that a second Trump term could be perilous for the country’s national security. O’Donnell joins “America Decides” with more on the conversation.

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What happens to Trump’s criminal cases if he wins the election? Experts weigh in.

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After the 2024 election next week on Nov. 5, former President Donald Trump will be met with one of two fates: a return to the Oval Office, or years of criminal court proceedings, and perhaps incarceration, experts say.

Perhaps no candidate in U.S. history has faced such stark personal stakes on Election Day.

Trump’s third campaign for president has played out alongside the four criminal cases against him — two in halting fits and spurts, one toward dismissal and one moving relatively swiftly toward a potential conviction. 

Where they go from here could very well depend on whether Trump is elected.

New York “hush money” case

A unanimous jury found Trump guilty in May of 34 felony counts of falsifying business records. The seven-week trial focused on a scheme Trump signed off on, while in office as president, in which he and others covered up a payment to an adult film star to prevent her from airing a claim that she and Trump had a sexual encounter years before.

The $130,000 payment was made days before the 2016 presidential election. The consequences are scheduled to be revealed days after the 2024 election.

Trump’s sentencing, initially scheduled for July 11 and then postponed again in September, is set for Nov. 26.

Former New York prosecutor Bennett Gershman said even if Trump wins the election, “I don’t see any reason in law for why the sentencing would be delayed.”

Whether he’s president-elect, or once again a defeated candidate, one thing is relatively certain, said Gershman, who’s a professor at Pace University’s law school. Even if Trump loses the election and is sentenced to time in jail or prison, it could be years before he’s incarcerated.

“It’s going to take time for the appeal to wash out,” said Gershman. And if Trump wins, appeal proceedings  or the sentence itself, would likely be delayed until after his presidency.

“He’d be a president with 34 felony convictions, and maybe he’s a felon who’s sentenced to two or three years in jail, and he’s running the nation,” Gershman said. “This is all new stuff, but it’s not out of fantasy land anymore.”

The special counsel cases

2020 election

Trump was indicted in August 2023 in a case brought by special counsel Jack Smith. He was charged with four counts stemming from his conduct after the 2020 election, as he and others sought to turn over the results, which showed Trump had lost to Joe Biden.

The case ground to a halt as Trump brought a claim of presidential immunity to the Supreme Court, which in July ruled former presidents are shielded from prosecution for official acts taken while in the White House.

In August, a federal grand jury returned a superseding indictment that narrowed the allegations against him to comply with the high court’s new framework for presidential immunity.

Handling of sensitive documents

Smith is also overseeing a prosecution in a Florida federal court in which Trump is accused of mishandling sensitive government records after leaving the White House in January 2021. That case was dismissed in July by U.S. District Judge Aileen Cannon, who said in a 93-page order that she concluded Smith had been appointed unlawfully.

Smith’s office appealed that decision, arguing Cannon ruled incorrectly. Trump’s team has seized on her decision and argued it provides grounds to similarly dismiss the election case Smith brought.

The arguments from both sides may be for naught if Trump wins the election, according to CBS News legal analyst Rikki Klieman, who said his administration’s Justice Department would likely drop the cases.

“If Donald Trump becomes President of the United States, it would logically follow that his attorney general and the new Department of Justice would dismiss the cases that special counsel Jack Smith brought,” Klieman said.

Trump himself has said if he’s elected, Smith will be out of a job.

“It’s so easy — I would fire him within two seconds,” Trump said during an Oct. 24 radio interview.

Fulton County, Georgia, case on 2020 election

Trump was among 19 people charged in a state case in Georgia in August 2023, accusing the group of a racketeering enterprise that sought to illegally thwart Trump’s election defeat in the state.

Five of the 13 counts against Trump have been dismissed, though Fulton County D.A. Fani Willis has appealed the dismissal of three and is likely to appeal the others.

The case has been on hold since June, when the state’s Court of Appeals agreed to consider whether Willis should be removed from the case for having had a romantic relationship with former special prosecutor Nathan Wade.

If Trump wins, the Fulton County criminal case will go from on hold to “a grinding halt,” said Emory University law professor John Acevedo.

“There is that right that all defendants have to confront witnesses, but you can’t really have the president of the United States sitting in an Atlanta courtroom,” Acevedo said. 

One person who shares that view is Trump’s lead attorney in the Georgia case, Steve Sadow. He said during a December 2023 hearing in the case that if Trump won, any trial would need to be delayed until at least 2029.

Sadow cited the Constitution’s Supremacy Clause, and argued the state’s prosecution would essentially be outranked by the federal government’s needs while Trump is in the White House.

“I believe that the supremacy clause and his duties as president of the United States [mean] this trial would not take place at all until after his term in office,” Sadow said.



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Threat actors likely to take advantage of election fraud claims to fuel violence, bulletin warns

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Washington — Threat actors are likely to leverage claims of election fraud to drive election-related violence, according to a federal bulletin obtained by CBS News. 

“Some individuals are calling for violence as a response to election fraud narratives, primarily targeting election officials and populations that threat actors perceive as threatening the integrity of the 2024 general election,” the bulletin says. 

The bulletin, which was published Monday by the Department of Homeland Security, warned that online forums used by domestic violent extremists contain threats of violence against election officials and infrastructure “to prevent perceived fraud or to retaliate against it.” Many of the posts are promoting narratives about election fraud linked to mail-in ballots or electronic voting machines, it said. 

“Some individuals motivated by this narrative have stated their intent online to intimidate voters or elections staff through surveillance of election infrastructure or personnel, including by armed individuals,” the bulletin continued. “Some of these online users have encouraged violence against ideological opponents related to the use of mail-in voting while others promoted methods of sabotaging ballot drop boxes. Other individuals are using online forums to call for violence against local election officials in response to allegations of fraud.”

Federal investigators believe there are several factors that could increase threat actors’ perceptions of election fraud, including “a contested or close election, variations in state election laws and regulations impacting the release of results, unforeseen events that delay vote counting, or technological or administrative errors impacting vote counting processes.”

The warning comes as ballot boxes have been set on fire in Portland, Oregon, and Vancouver, Washington, destroying hundreds of ballots. A number of mail-in ballots were also damaged when a U.S. Postal Service mailbox was recently set on fire in Phoenix, Arizona. The incidents are under investigation. 

Last week, intelligence and law enforcement agencies said Russian actors had “manufactured and amplified” a video purporting to show someone destroying mail-in ballots in Bucks County, Pennsylvania “as part of Moscow’s broader effort to raise unfounded questions about the integrity of the U.S. election and stoke divisions among Americans.” 

A joint intelligence bulletin issued earlier this month by the Department of Homeland Security and FBI warned of the potential for domestic violent extremists “with election-related grievances” to target political candidates and elected officials in the coming weeks. It said domestic extremists “pose a threat of violence to a range of targets directly and indirectly associated with elections through at least the presidential inauguration” on Jan. 20, 2025. 

A Department of Homeland Security spokesperson said Monday that the U.S. remains in a “heightened” threat environment. 

“The Department continues to advise federal, state, and local partners to remain vigilant to potential threats and encourages the public to report any suspicious activity to local authorities,” the spokesperson said.   



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