Connect with us

CBS News

3 smart gold investing moves to make with inflation rising

Avatar

Published

on


gettyimages-1464681017.jpg
With inflation rising again, many investors should consider turning to gold. 

Getty Images


At the start of 2024, many Americans were optimistic that inflation was permanently cooling and relief would soon be on the horizon. Unfortunately, that hasn’t been the case in the first quarter of the year, with inflation reports in January, February and March disappointing for many. Now, after inflation increased in the last two months, many are wondering if interest rate cuts will come at all this year. But what should investors do amid this uncertainty?

Many have turned to gold. Investing in the precious metal hit an 11-year high last September. Due to the portfolio diversification it can offer and the traditional hedge against inflation it can act as, it’s understandable why many have turned to gold. And the price of the yellow metal has surged, breaking multiple records in the last few weeks.

To get the most of out a potential gold investment now, however, investors should take certain steps. Below, we’ll break down three smart gold investing moves to make with inflation rising.

Start exploring your gold investing options online here now

3 smart gold investing moves to make with inflation rising

Here are three moves investors should consider making today with inflation still problematic.

Get started

You can’t obtain the benefits of gold without first being invested, so don’t hesitate to get started now. The price of gold has risen by hundreds of dollars in the past month and currently sits at $2,332.18 per ounce. So if you wait much longer, the price could become prohibitive and you may wind up getting priced out. Plus, with inflation as high as it’s been, it makes sense to add a timely benefit to your portfolio now to offset the corrosive effects inflation may have had on some of your other assets.

Get started by exploring your top gold options online.

Understand what gold can (and can’t do)

To reap the benefits of any investment it’s vital to understand what it can and can’t do. This is particularly true for alternative assets like gold. While gold can be an effective hedge against inflation by maintaining its value when inflation erodes the purchasing power of your money — and it can diversify a portfolio otherwise made of stocks and bonds — it’s not a traditional income-producing investment. So don’t invest expecting to make a quick profit. While that could, in theory, happen now with the price volatility, it’s not something that investors should consider as a feature of their gold investment.

Don’t overinvest

While gold is a smart investment right now, investors should understand that there’s a limit to how much they can benefit from the precious metal. Many experts advise limiting a gold investment to 10% or less of your overall portfolio, thus allowing other assets like stocks and bonds to grow as needed. The range between 1% and 10% of your portfolio, however, will depend on your specific investor profile and your long-term goals. Just be careful not to overinvest, as the benefits of gold could overshadow other income-producing assets.

The bottom line

With inflation on the rise again and investors looking for some additional ways to grow and protect their money, many may want to turn to gold now. It makes sense to get started quickly as the price is rising and, without it, your portfolio could more negatively be impacted by inflation. Just make sure to understand the income-producing ability of gold and don’t be tempted to overinvest. But by making these three smart moves today investors will improve their chances of gold success, both now and in the months to come. 



Read the original article

Leave your vote

Continue Reading

CBS News

Extended interview: Cher – CBS News

Avatar

Published

on


Extended interview: Cher – CBS News


Watch CBS News



In this web exclusive, correspondent Anthony Mason sits down with the singer Cher to talk about her new book, “Cher: The Memoir – Part One,” which explores the “crazy ride” of her childhood. She also discusses her relationship with Sonny Bono, and why their extraordinarily successful musical duo, Sonny & Cher, survived the breakup of their marriage.

Be the first to know

Get browser notifications for breaking news, live events, and exclusive reporting.




Read the original article

Leave your vote

Continue Reading

CBS News

Josh Seftel’s Mom on Fall

Avatar

Published

on


Josh Seftel’s Mom on Fall – CBS News


Watch CBS News



Fall’s arrival brings football, Thanksgiving, and everything pumpkin spice, not to mention the finale of “The Golden Bachelorette.” Filmmaker Josh Seftel talks with his mother, Pat, about what she loves during the month of November.

Be the first to know

Get browser notifications for breaking news, live events, and exclusive reporting.




Read the original article

Leave your vote

Continue Reading

CBS News

Peggy Noonan reflects on a “troubled, frayed” America

Avatar

Published

on


These days, you’ll find Peggy Noonan in many places: in front of commencement crowds, at political round tables, and for the past quarter-century, in the opinion section of the Wall Street Journal. But when she was just starting out in Washington, D.C., you could find Noonan at the Off the Record Bar, near her job at the White House. “I would sit over there by myself, I would order a beer or a glass of wine, and I’d just quietly sit and read,” she said.

In 1984, Noonan joined President Ronald Reagan’s staff, after working at CBS in New York. At first, she felt like an outsider in the buttoned-up West Wing, but soon became an acclaimed speechwriter. Early on, she wrote Reagan’s moving speech for D-Day’s 40th anniversary.

peggy-noonan-1280.jpg
Wall Street Journal columnist Peggy Noonan.

CBS News


Then, when the Challenger shuttle tragically exploded, Noonan was given a tough assignment: write Reagan’s address to a distraught nation. “I had a feeling of, that didn’t work, nothing worked, because nothing was worthy of that moment; nothing was worthy of that day,” she said. “But then Frank Sinatra called – he called that night to the White House to say, ‘Mr. President, you just said what needed to be said.’ And Frank didn’t call after every speech!”

By the late eighties, Noonan had cemented a reputation as a wordsmith, and Reagan turned to her for his farewell address:

“We made the city stronger, we made the city freer. All in all, not bad, not bad at all.”

George H.W. Bush turned to Noonan, too, as he rallied Republicans on his way to the White House. “You know, part of life is luck,” she said. “It was not lucky to follow dazzling Ronald Reagan and be plainer, seeming sturdy George H.W. Bush. But I believe history was not – certainly in his time – sufficiently fair to him.”

That opinion is one of many found in the pages of her new book, “A Certain Idea of America,” a collection of her recent work (to be published Tuesday by Portfolio).

a-certain-idea-of-america-cover-1500.jpg

Portfolio


Asked what her idea of America is today, Noonan replied, “Big, raucous, troubled, frayed.”

Noonan’s columns often delve into questions of character and leadership. “What I do not perceive now is many politicians who are actually saying, Guys, this is not good for the country. We’ve been given this beautiful thing called America. Shine it up! Keep it going!”

Costa said, “You have a lot of fun in this book, doing what you call taking the stick to certain people from time to time.”

“I don’t mind the stick at all,” said Noonan. “When I see something that I think is just awful, I love to get mad at it. I got mad at John Fetterman.”

“You don’t like that he’s wearing shorts?”

“It’s okay with me that he wears shorts,” she replied, “but he is not allowed to change the rules of the U.S. Senate to accommodate him in his little shorts and hoodie because he enjoys dressing like a child.”

Noonan, now 74, grew up in the Democratic strongholds of New York and New Jersey. “And I was very happy with that, because Democrats were cooler than Republicans,” she said. “Democrats were little Bobby Kennedy, and Republicans were, like, Dick Thornburgh!”

But in Reagan, she saw something fresh. “You looked at him, you saw his confidence, and it made you feel optimistic,” she said.

The Gipper, of course, no longer dominates the Republican Party, and President-elect Trump’s victory could transform the GOP even more in the coming years. “In terms of policy, the Republican Party has changed by becoming, not a standard, usual conservative party, but a populist party,” Noonan said. “Its issues have changed very much. But also, the edge of anger and resentment and, I’m afraid, a little paranoia that is in the Republican Party now would be something that Reagan did not recognize.”

off-the-record-bar.jpg
Wall Street Journal columnist Peggy Noonan, with CBS News chief election & campaign correspondent Robert Costa, at the Off the Record Bar in Washington, D.C.

CBS News


At the Off the Record Bar, the faces on the wall – caricatures of politicians of the past – and at the tables still catch her eye. For Noonan, it’s all part of the story – America’s, and her own.

Costa said, “In a way, you’re still the writer in the corner watching everybody at the bar in Washington.”

“Yeah, I like to watch them, she said. “They’re human, and you bring a little warmth to it, a little humor, and always bring your stick and smack them when you need to! It’s kind of nice.”

     
READ AN EXCERPT: 
“A Certain Idea of America” by Peggy Noonan

     
For more info:

      
Story produced by David Rothman. Editor: Joseph Frandino. 



Read the original article

Leave your vote

Continue Reading

Copyright © 2024 Breaking MN

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.