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6 things to know before investing in 1-ounce gold bars in 2024

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Gold bars with hundred dollar banknotes as background
There are plenty of good reasons to add 1-ounce gold bars to your investment portfolio, but it’s important to know what you’re getting into before making any moves.

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When it comes to building a well-diversified investment portfolio, many investors turn to gold to help offset some of the risks from traditional assets, like stocks. That strategy makes a lot of sense. The stock market can be vulnerable to economic fluctuations, and sudden downturns can result in hefty losses.

But gold prices tend to increase when the market is facing a downturn, counteracting some of the potential stock losses you may otherwise face. And, considering that we’re facing any number of economic uncertainties currently — from persistent inflation to geopolitical strife — adding gold or another reliable store of value to your portfolio could be more important than ever right now. 

That said, there are various forms of gold investments to choose from, including gold bars and coins, gold exchange-traded funds (ETFs), gold stocks and gold individual retirement accounts (IRAs). But 1-ounce gold bars in particular have grown in popularity recently due to the convenience and liquidity they offer. Before taking this avenue, though, it’s crucial to understand several key aspects of investing in 1-ounce gold bars this year.

Learn more about your top gold investing options online here.

6 things to know before investing in 1-ounce gold bars in 2024

There are a few things that you may want to know before investing in 1-ounce gold bars this year, including: 

Your diversification plan

Diversification is a cornerstone of any robust investment strategy. While gold can add diversification to your portfolio thanks to the unique benefits it offers, like inflation hedging, it’s crucial not to put all your eggs in one basket. In fact, while gold is a useful investment tool, most experts recommend that experienced investors allocate no more than 10% of their portfolios to the metal — and suggest that beginners limit that amount to between 3% and 5%. 

How much you invest in, though, is a decision that should be based on your unique investing goals, budget and other factors.

That’s because gold’s value can be influenced by various factors, including geopolitical events, interest rate changes and currency fluctuations. So, while 1-ounce gold bars can be a valuable addition to a diversified portfolio, it’s important to balance your investments across different asset classes to manage risk effectively.

Find out more about how to get started with gold investing.

The storage and security requirements

When investing in physical gold, storage and security become paramount considerations, as it’s important to keep your assets safe from theft or other security issues. And, while 1-ounce gold bars are compact and relatively easy to store, investors must decide between the different storage options — like keeping them at home, utilizing a safe deposit box or using the services of a secure storage facility. 

Each option comes with its own set of costs and risks, so it’s crucial to weigh the pros and cons based on your individual circumstances and risk tolerance before investing.

The associated costs

When investing in physical gold — whether 1-ounce gold bars, gold coins or another type of gold bullion — you will often face additional costs beyond the spot price of gold. These costs will typically include fees like manufacturing premiums, dealer markups and transaction fees. 

So, before investing, it’s essential to research and compare prices from different gold dealers to ensure that you are getting the best value for your investment. Each dealer will typically tack on its own set of fees to physical gold transactions, so you may be able to save money by shopping around. You should also be mindful of any taxes that may apply to your gold transactions during the process.

Your selling strategies

While gold is generally considered a liquid asset, the ease of selling 1-ounce gold bars can vary depending on market conditions and demand. So, before investing in physical gold of any kind, consider the liquidity of the current gold market and have a clear strategy for selling your 1-ounce bars when the time comes. 

For example, some investors prefer to sell to dealers, while others may explore online platforms or auctions instead. Understanding the selling process can help you make informed decisions and maximize the returns on the 1-ounce gold bars you invest in.

The authentication and purity of the gold

Ensuring the authenticity and purity of your gold bars is also crucial to protecting your investment — so it’s important to know this information before buying any gold bars (or any physical gold at all). Reputable dealers will provide certificates of authenticity, detailing the weight, purity and origin of the gold. 

So, before making a purchase, you may want to research the dealer’s reputation and verify that the 1-ounce gold bars meet industry standards for purity. After all, counterfeiting is a concern in the precious metals market, so taking the time to authenticate your investment is a wise precaution.

The need for a long-term perspective

Investing in 1-ounce gold bars, like any other investment, generally requires a long-term perspective. While gold has proven to be a reliable store of value over time, its price can experience short-term fluctuations — especially in uncertain economies like the one we’re experiencing now. 

In turn, anyone who’s interested in buying in should be prepared to hold onto their 1-ounce gold bars for an extended period, allowing the investment to potentially appreciate. When it comes to gold investing, patience is key, and panic selling during market downturns may lead to missed opportunities for long-term gains.

The bottom line

Investing in 1-ounce gold bars can be a prudent move for those who are looking to diversify their portfolios and safeguard against economic uncertainties. However, it’s crucial to approach this investment with a clear understanding of the market, associated costs and the long-term commitment required. By considering these factors, it’s easier to make informed decisions and navigate the world of 1-ounce gold bars with confidence.



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Two students were shot and wounded Wednesday at the Feather River Adventist School, a small private elementary school in Palermo, a community in Northern California, authorities said. The suspected gunman was found dead. Elise Preston has the latest.

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Memphis police discriminate against Black people and use excessive force, Justice Department report finds

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The Memphis Police Department uses excessive force and discriminates against Black people, according to the findings of a U.S. Department of Justice investigation launched after the beating death of Tyre Nichols after a traffic stop in 2023.

A report released Wednesday marked the conclusion of the investigation that began six months after Nichols was kicked, punched and hit with a police baton as five officers tried to arrest him after he fled a traffic stop.

The report says that “Memphis police officers regularly violate the rights of the people they are sworn to serve.”

“The people of Memphis deserve a police department and city that protects their civil and constitutional rights, garners trust and keeps them safe,” Assistant Attorney General Kristen Clarke of the Justice Department’s Civil Rights Division said in an emailed statement.

Tyre Nichols
Tyre Nichols, seen in a photo provided by his family.

Courtesy of the Nichols family via AP


The city said in a letter released earlier Wednesday that it would not agree to negotiate federal oversight of its police department until it could review and challenge results of the investigation.

City officials had no immediate comment on the report but said they plan to hold a news conference Thursday after Justice Department officials hold their own news conference in Memphis on Thursday morning to address the findings.

Police video showed officers pepper spraying Nichols and hitting him with a Taser before he ran away from a traffic stop. Five officers chased down Nichols and kicked, punched and hit him with a police baton just steps from his home as he called out for his mother. The video showed the officers milling about, talking and laughing as Nichols struggled with his injuries.

Nichols died on Jan. 10, 2023, three days after the beating. The five officers — Tadarrius Bean, Demetrius Haley, Emmitt Martin, Desmond Mills Jr. and Justin Smith — were fired, charged in state court with murder, and indicted by a federal grand jury on civil rights and witness tampering charges.

Nichols was Black, as are the former officers. His death led to national protests, raised the volume on calls for police reforms in the U.S., and directed intense scrutiny towards the police department in Memphis, a majority Black city.

The report specifically mentions the Nichols case, and it addresses the police department’s practice of using traffic stops to address violent crime. The police department has encouraged officers in specialized units, task forces, and on patrol to prioritize street enforcement, and officers and community members have described this approach as “saturation,” or flooding neighborhoods with traffic stops, the report said.

“This strategy involves frequent contact with the public and gives wide discretion to officers, which requires close supervision and clear rules to direct officers’ activity,” the report said. “But MPD does not ensure that officers conduct themselves in a lawful manner.”

The report said prosecutors and judges told federal investigators that officers do not understand the constitutional limits on their authority. Officers stop and detain people without adequate justification, and they conduct invasive searches of people and cars, the report said.

“Black people in Memphis disproportionately experience these violations,” the report said. “MPD has never assessed its practices for evidence of discrimination. We found that officers treat Black people more harshly than white people who engage in similar conduct.”

The investigation found that Memphis officers resort to force likely to cause pain or injury “almost immediately in response to low-level, nonviolent offenses, even when people are not aggressive.”

The report says officers pepper sprayed, kicked and fired a Taser at an unarmed man with a mental illness who tried to take a $2 soda from a gas station. By the end of an encounter outside the gas station, at least nine police cars and 12 officers had responded to the incident, for which the man served two days in jail for theft and disorderly conduct.

In a letter to the Justice Department’s Civil Rights Division released earlier Wednesday, Memphis City Attorney Tannera George Gibson said the city had received a request from the DOJ to enter into an agreement that would require it to “negotiate a consent decree aimed at institutional police and emergency services.”

A consent decree is an agreement requiring reforms that are overseen by an independent monitor and are approved by a federal judge. The federal oversight can continue for years, and violations could result in fines paid by the city.

It remains to be seen what will happen to attempts to reach such agreements between cities and the Justice Department once President-elect Donald Trump returns to office and installs new department leadership. The Justice Department under the first Trump administration curtailed the use of consent decrees, and the Republican president-elect is expected to again radically reshape the department’s priorities around civil rights.

“Until the City has had the opportunity to review, analyze, and challenge the specific allegations that support your forthcoming findings report, the City cannot — and will not — agree to work toward or enter into a consent decree that will likely be in place for years to come and will cost the residents of Memphis hundreds of millions of dollars,” the letter said.

The officers in the Nichols case were part of a crime suppression team called the Scorpion Unit, which was disbanded after Nichols’ death. The team targeted drugs, illegal guns and violent offenders, with the goal of amassing arrest numbers, while sometimes using force against unarmed people.

Memphis police never adopted policies and procedures to direct the unit, despite alarms that it was minimally supervised, according to the Justice Department report. Some prosecutors told department investigators that there were some “outrageous” inconsistences between body camera footage and arrest reports, and if the cases went to trial, they would be “laughed out of court.” The report found that the unit’s misconduct led to dozens of criminal cases being dismissed.

In court proceedings dealing with Nichols’ death, Martin and Mills pleaded guilty to the federal charges under deals with prosecutors. The other three officers were convicted in early October of witness tampering related to the cover-up of the beating. Bean and Smith were acquitted of civil rights charges of using excessive force and being indifferent to Nichols’ serious injuries.

Haley was acquitted of violating Nichols’ civil rights causing death, but he was convicted of two lesser charges of violating his civil rights causing bodily injury. The five men face sentencing by a federal judge in the coming months.

Martin and Mills also are expected to change their not guilty pleas in state court, according to lawyers involved in the case. Bean, Haley and Smith have also pleaded not guilty to state charges of second-degree murder. A trial in the state case has been set for April 28.

Justice Department investigators have targeted other cities with similar probes in recent years, including Minneapolis after the killing of George Floyd, and Louisville, Kentucky, following an investigation prompted by the fatal police shooting of Breonna Taylor.

In its letter, the city of Memphis said the DOJ’s investigation “only took 17 months to complete, compared to an average of 2-3 years in almost every other instance, implying a rush to judgment.” 



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Boeing whistleblower says alleged safety violations at satellite factory put workers in danger

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A technician who has worked at a Boeing satellite factory for nearly three decades tells CBS News’ Kris Van Cleave that efforts by executives to boost production have led to a “toxic culture” that has put workers in danger.

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