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How to benefit from gold’s high price now

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You have a few different options to consider if you want to capitalize on today’s high gold prices.

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Gold prices have been climbing over the last year, a trend that’s been driven, in large part, by a surge in demand from investors who want to protect their portfolios from inflation. And, it appears that the uptick in gold prices may not be over yet. Gold prices have hit numerous new milestones in the last few weeks alone — climbing from a record high of $2,160 per ounce in early March to today’s gold price of $2,353.15 per ounce.

Given the current upward trajectory of gold’s value, it’s no surprise that so many investors are flocking to the precious metal. After all, the opportunity to capitalize on price increases can be tough to pass up, and when you factor in the other benefits of gold investing, it’s easy to see that the yellow metal can be a smart addition to most investment portfolios.  

if you’re looking to capitalize on this gold bull market, there are several strategies you can use to benefit from gold’s high price — whether you’re an experienced investor or are just starting out

Find out more about your gold investing options online now.

How to benefit from gold’s high price now

By employing these strategies, you may be able to capitalize on the high gold prices we’re seeing today:

Invest in physical gold bars and coins

One of the most straightforward ways to gain exposure to gold is by purchasing physical gold bars or coins. Holding physical gold can provide a sense of security and it can act as a tangible asset to your investment portfolio. Plus, as gold prices rise, the value of your physical holdings will increase as well, allowing you to benefit from future price increases.

You should note, though, that the price of physical gold may not appreciate as quickly as some other types of gold investments. It tends to be more of a long-term investment. But the tradeoff is that it can be a stable hedge against inflation and market volatility — and its value tends to increase over time — so if you buy in now and hold your gold bars or coins, you could see some hefty returns in the future.

Explore the benefits of gold investing today.

Invest in gold mining stocks

If you’re seeking more leveraged exposure to the gold market, gold mining stocks can be an attractive option right now. When gold prices rise, like they are currently, the profits of gold mining companies tend to increase. This, in turn, can lead to higher stock prices and potentially bigger dividends for investors, so putting some money into gold mining stocks right now could be a smart move.

Buy gold ETF shares

Another option for capitalizing on today’s high gold prices is buying shares of gold exchange-traded funds (ETFs). Gold ETFs provide a diversified way to gain exposure to the gold market by allowing investors to buy into a range of gold-related assets, including physical gold bullion, gold stocks and gold futures contracts.

These funds offer instant diversification and liquidity with relatively low expense ratios compared to other gold investment products. And, because gold ETFs tend to be riskier investments than gold bars and coins, the right investment could lead to bigger returns over the short term, especially given the current trajectory of gold prices.

Consider gold futures and options

If you’re a more experienced investor, you may want to explore trading gold futures and options as a way to potentially generate outsized returns from the gold price movements that are occurring right now. Gold futures allow you to speculate on the future price of gold, while gold options give you the right, but not the obligation, to buy or sell gold at a preset price.

While trading gold derivatives can be more complex than simply buying physical gold or gold stocks, the potential upside can be significant if you get the direction of gold prices right. Just be aware that futures and options also carry higher risk, so they’re not suitable for all investors.

Invest in gold jewelry and collectibles

You could also consider investing in gold jewelry, coins or other collectibles as a way to benefit from today’s high gold prices. While these physical gold assets don’t necessarily track the gold spot price as closely as other investments, they can still appreciate in value as the underlying metal becomes more expensive.

For example, rare and antique gold coins, as well as unique jewelry pieces from reputable makers, can be good stores of value. They may even rise in price at a faster rate than the gold spot price, depending on factors like scarcity and collector demand.

The bottom line

With gold prices reaching new heights, now is an opportune time to explore ways to capitalize on the current gold bull market. Whether you choose to buy physical gold, invest in gold mining stocks, purchase gold ETFs, trade gold derivatives or invest in gold collectibles, there are numerous strategies available to help you benefit from the yellow metal’s strength.

As with any investment, though, it’s crucial to do your due diligence, understand the risks and invest within your risk tolerance. But by leveraging the right approach, you can position yourself to profit from the ongoing gold price surge.



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Giant “flying” Joro spiders reported across Georgia — and now confirmed in Pennsylvania

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Those aren’t early Halloween decorations: giant Joro spiders, known for parachuting through the air, were spotted in Pennsylvania this month.

Six of the spiders were reported on Sept. 5, according to Joro Watch, an interactive monitoring program developed by the University of Georgia’s Center for Invasive Species and Ecosystem Health. An entomologist visited Pennsylvania’s Bucks County and verified there were adult Joro spiders there.

What are Joro spiders?

Joro spiders, which are an invasive species native to Asia, can shoot out long strands of silk that get caught by the wind, carrying them through the air. Some have called them parachuting spiders because of the way they move. 

They create large webs that can be up to 10 feet wide, according to PennState Extension. 

Joro spider
A close-up view of a giant Joro spider seen along the Nakasendo Way between Sekigahara and Hosokute, Japan, on Nov. 5, 2022.

David Madison / Getty Images


Adult females are large and brightly colored, with legs up to 4 inches long, according to experts. Males are much smaller. While female Joro spiders are about an inch long, male Joro spiders have a body length of less than half an inch. 

Female Joro spiders, known for their yellow and gray abdomens, will lay egg sacs holding 400 to 500 eggs.

The spread of Joro spiders — where are they headed?

Joro spiders were first found in the U.S. in Georgia in 2014, but experts believe that the invasive species may have arrived as early as 2010. Joro spiders have spread across the South in the years since. They’ve now been reported across more than half a dozen states. 

In 2022, PennState Extension said that it was likely Joro spiders “will be able to spread throughout eastern North America at least as far north as Pennsylvania and possibly further in warmer, coastal areas.” Researchers there thought it may take 35 years for Joro spiders to reach southeastern Pennsylvania, but said there were two ways Joro spiders could reach Pennsylvania more quickly. 

One was if young and small Joro spiders were transported tens to hundreds of miles through the air after being picked up by strong winds and storms. The other way would be if they were transported to new areas by humans. 

José R. Ramírez-Garofalo, an ecologist at Rutgers University’s Lockwood Lab and the president of Protectors of Pine Oak Woods on Staten Island, in April told SI Live that “it is a matter of when, not if” the spiders arrive in New York and New Jersey.

Are Joro spiders dangerous?

While Joro spiders do have venom, their venom is weak. They also have small fangs, which makes it difficult to pierce human skin.

“We have no evidence that they’ve done any damage to a person or a pet,” Clemson University assistant professor Dave Coyle, who has a doctorate in entomology, previously said.

If a bite does happen, PennState Extension said that it’s less painful than a bee sting, and any localized pain and redness would quickly resolve. 



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Could the “YIMBY” movement fix America’s affordable housing shortage?

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More U.S. cities and states are starting to say “yes, in my backyard” as they struggle to meet the housing needs of growing populations.  

The “YIMBY” movement is a political effort to tackle the country’s housing shortage by increasing the housing supply with strategies like changing zoning codes and other regulations that limit home density. The United States is millions of homes short of what’s needed to meet demand, according to the national nonprofit group “Up for Growth.”   

Minneapolis resident Bernice Duncan has been searching for a new home with more space for more than five years.  The telehealth professional works from home in a cramped two-bedroom apartment she shares with her two adult sons.  

“Everybody is not able to move freely, like you would in a in a house or, you know, having your own office space,” said Duncan. 

During the years she’s been looking, property values have soared. With a $1,600 monthly housing budget, she says she’s been priced out of the market. 

“It’s been a struggle,” Duncan said. “As the economy continues to grow, your paycheck don’t,” she added. “You’re not going to pay less than $2,000.”  

Saying “yes” to more housing 

Twin-Cities YIMBY was formed in 2023 to advocate for policies that will generate more affordable housing options for people like Duncan. The group supports the elimination of zoning restrictions to allow for more home density across the Minneapolis area.  

“In the past five years, our median housing price has increased by $100,000, which is a huge increase” said Paige Kahle, a realtor who founded Twin Cities YIMBY along with colleagues Nichole Hayden and Meghan Howard.  

YIMBYs have been building a coalition of pro-housing advocates across the country to counter those who say “not in my back yard,” known as NIMBYs. 

“I think it’s getting easier. But literally when you go to the local meetings, the city council meetings, planning commission meetings, there’s still NIMBYs that are very loud and very organized and often kind of angry because they don’t want this kind of housing near them,” said Kahle. 

But without a plan to bring housing costs down, Kahle says the shortage is hurting home buyers and renters alike.  

“They’re paying 50% of their income, 60% of their income on housing, which just isn’t sustainable,” she said.  ”We need more housing and we need it quickly,” said Kahle. “Traditionally, how we’ve addressed the housing crisis is through subsidies, massive subsidies to bring down the cost of housing for folks. But there just aren’t enough subsidies in the world to do that. So, we really need to look at these other mechanisms to increase the density and lower the cost of housing.” 

Minneapolis 2040: The city’s plan 

Addressing these concerns is the goal of the Minneapolis 2040 Comprehensive Plan. Passed in 2018, the ambitious bipartisan bill implemented historic zoning reforms to increase the number of available housing units including:  

  • The elimination of single-family-only zoning to permit build duplexes, triplexes and fourplexes in all neighborhoods.  
  • Height minimums for new residential buildings in high-density zones.  
  • The elimination of minimum parking requirements for new housing developments.  

The plan has faced opposition from some homeowners who argue that increased density could undermine the character and charm of single-family neighborhoods.  

“The 2040 Plan will hurt the uniqueness and architectural heritage of many neighborhoods,” said one opponent during a 2018 City Planning Commission meeting.  

Implementation of the plan was paused in 2022 after environmental groups filed a lawsuit arguing the plan may have severe unintended consequences to the environment. In May, a state appeals court ruled to lift an injunction on the plan, and just last month the Minnesota State Supreme Court denied a petition for further review of the objections, clearing the way for the plan to continue.  

“People want a place that they can live, [where] they can afford to raise their family, that’s safe and affordable. So, it’s really been part of the … regional conversation as well as the national conversation,” said Alene Tchourumoff of the Minneapolis Federal Reserve. 

Over the next decade, the Minneapolis Fed is using multiple data sources to track the economic impact of these changes made as part of the 2040 plan. 

“We really wanted to have a deeper understanding of what the effects of the policy change would be, recognizing the fact that these important policy changes in housing often take a long time to actually manifest,” said Tchourumoff. 

There is some promising early data. According to a report by the Pew Charitable Trust, between 2017 and 2022, nearly 21,000 new units were permitted in Minneapolis — most in buildings with 20 or more units. In that same time, rents in the city rose by just 1% — far less than the rest of Minnesota, which saw a 14% rent increase.   

Deregulation across the country 

As Minnesota lawmakers consider expanding these rezoning reforms statewide, other states such as California, Oregon, Massachusetts and Montana have already implemented similar YIMBY policies.  

The changes in Minneapolis are already making a difference for residents like Rebecca Hemmans, who became a first-time homeowner at 67 after viewing nearly 100 listings.   

“I had this dream about living in a single-family home and sitting on my porch with my table of lemonade and glasses for the neighbors to wave at,” Hemmans said.   

To accommodate her budget, she chose to adjust her dream — instead of a single-family home, she purchased an attached townhome, and she’s happy with the compromise.  

“I don’t have to check with the landlord to say, “Hey, can I do this or do that?” she said. “If I want to paint my walls orange, I can do that.”



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Iranian hackers attempted to interest Biden staffers with stolen Trump campaign info, FBI says

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Iranian hackers sought to interest President Biden’s campaign in information stolen from the rival campaign of former President Donald Trump, sending unsolicited emails to people connected to the Democratic president in an effort to interfere in the 2024 election, the FBI and other federal agencies said Wednesday.

There’s no evidence that any of the recipients responded, officials said, preventing the hacked information from surfacing in the final months of the closely contested election.

The hackers sent emails in late June and early July to people who were associated with Mr. Biden’s campaign before he dropped out. The emails “contained an excerpt taken from stolen, non-public material from former President Trump’s campaign as text in the emails,” according to a U.S. government statement.

In late July, officials with the FBI, the Office of the Director of National Intelligence and the Department of Homeland Security said that Tehran had started a campaign that was working to weaken Trump’s candidacy, while Russia was attempting to do the opposite.

Last month, sources told CBS News that the FBI was investigating whether Iranian hackers had targeted people associated with both the Trump and Biden-Harris campaigns.

In response to the revelation, Harris campaign spokesperson Morgan Finkelstein told CBS News in a statement Wednesday evening that “we’re not aware of any material being sent directly to the campaign,” adding that “a few individuals were targeted on their personal emails with what looked like a spam or phishing attempt.”

Finkelstein said the campaign has “cooperated with the appropriate law enforcement authorities since we were made aware that individuals associated with the then-Biden campaign were among the intended victims of this foreign influence operation.”

Trump campaign spokesperson Karoline Leavitt told CBS News in a statement that “this is further proof the Iranians are actively interfering in the election to help Kamala Harris and Joe Biden because they know President Trump will restore his tough sanctions and stand against their reign of terror.”

The Trump campaign disclosed on Aug. 10 that it had been hacked and said Iranian actors had stolen and distributed sensitive internal documents. At least three news outlets — Politico, The New York Times and The Washington Post — were leaked confidential material from inside the Trump campaign. So far, each has refused to reveal any details about what it received.

Politico reported that it began receiving emails on July 22 from an anonymous account. The source —an AOL email account identified only as “Robert”— passed along what appeared to be a research dossier that the campaign had apparently done on the Republican vice presidential nominee, Ohio Sen. JD Vance. The document was dated Feb. 23, almost five months before Trump selected Vance as his running mate.

A Microsoft threat intelligence report last month provided examples about the actions of Iranian groups seeking to influence the 2024 election.



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