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4 smart reasons to invest in gold this May

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You could turn a quick profit if you invest in gold this May.

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It’s never a bad time to review your investments. But at the start of a new month – and against the backdrop of sticky inflation and elevated interest rates – this May is a critical time to do so. One investment that you may not have thought about is gold. Investing in the precious metal hit its highest point in more than a decade last year and the price of the metal has broken numerous records in recent weeks. 

That noted, gold doesn’t operate in the same ways that other assets do. And the benefits of the metal will be different than stocks and bonds. But that doesn’t mean that gold can’t still be valuable. It can be — particularly this month. Below, we’ll break down four smart reasons you may want to invest in gold this May.

Start by exploring your top gold investing options here today.

4 smart reasons to invest in gold this May

Here are four reasons why it may be wise to invest in gold this month.

It can help hedge against inflation

Those who were hoping the downward trajectory of inflation that was noted at the end of 2023 would continue unabated in 2024 have been disappointed so far. Inflation ticked up in February and again in March (the April report will be released later this month). So inflation is still a concern for many. 

But gold can help hedge against this by maintaining and potentially even growing in value when inflation is high. And, with the prospect of further cooling in the inflation rate unknown, it makes sense to add some precautionary measures to your investment portfolio now. Gold can help make that happen.

Learn more about how gold can help with inflation here.

It can diversify your portfolio

A diversified portfolio is often a successful one. And gold can help provide that diversity. While stocks and bonds can be more volatile and should make up most of your portfolio, gold can help, too. While the latter assets can produce income, gold can help protect it. That said, gold investing should generally be limited to 10% or less of your portfolio to maintain the growth potential of other assets.

The price is rising

The price of gold has surged this year, rising from $2,063.73 per ounce on January 1 to $2,306.10 per ounce today — a 13% rise. But with interest rates again on pause following a Fed announcement this week and inflation still problematic, more investors may pursue the yellow metal, thus causing the price to rise. It makes sense to get invested, then, before the price becomes out of reach. This May is a smart time to do so. 

You may be able to turn a quick profit

Gold is not often thought of as an income-producing investment, but with the rapidly rising price so far in 2024, you may be able to turn a quick profit. This will require closely monitoring the price for opportunities to sell, but if you’re looking for an investment that you can buy low and sell high, gold may be the one to pursue this month.

See how much you could potentially make from a gold investment online now.

The bottom line

The timing for any investment type is important to get right and the timing right now favors gold. By investing in gold you can secure a hedge against stubborn inflation and diversify your portfolio in the interim. And with the price rising, it’s beneficial to act promptly. If you do, you may even be able to turn a quick profit — a rarity for an investment better known as a safe haven. As with all financial investments and considerations, however, be sure to carefully weigh the pros and cons of gold against other assets to improve your chances of investing success. 



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Saturday Sessions: Marcus King performs “Save Me”

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Saturday Sessions: Marcus King performs “Save Me” – CBS News


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Grammy-nominated singer-songwriter Marcus King started playing guitar at eight. As a teen, he formed his own band and started performing. Now, he’s releasing his third critically acclaimed solo album. The personal project focuses on mental health and was produced by the legendary Rick Rubin. From “Mood Swings,” here is Marcus King with “Save Me.”

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New documentary explores the private life of “Superman” icon Christopher Reeve

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Long before comic book characters dominated movie screens, actor Christopher Reeve made the world believes in superheroes with the 1978 classic “Superman.” 

Reeve died in 2004, nearly a decade after an accident re-shaped his life. “Super/Man: The Christopher Reeve Story” is using interviews with family and friends and never-before-seen home videos to explore his real-life heroism. 

Reeve started his career on the stage, studying at the prestigious Juilliard School and living with comedian Robin Williams. The pair had a friendship that was “more like a brotherhood,” said Reeve’s son Matthew. Reeve was in awe of Williams’ energy and versatility, Matthew Reeve said, but audiences quickly clued into Reeve’s own star power when he took on the role of the Man of Steel

Christopher Reeve in 'Superman'
Christopher Reeve as Superman in a scene from “Superman.” 

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To his children, though, he “was just dad,” Matthew Reeve said. The documentary explores how Matthew Reeve and his sister Alexandra Reeve Givens grew up watching their dad take the stage as Superman. “Super/Man” also reveals their heartbreak over their parents’ breakup and the joy they found when Reeve re-married. He tied the knot with Dana Reeve in 1992, and the pair welcomed another child, William Reeve, later that year.  

“Dana was sunshine,” Alexandra Reeve Givens recalled. “She just brought joy with her wherever she was and could find it even in the darkest moments.” 

Those dark moments came suddenly, when in 1995, a near-fatal horseback riding accident left Reeve paralyzed from the neck down. The documentary allows viewers to see, for the first time, what went on out of the public’s view. Reeve can be heard talking about how he “ruined (his) life and everybody else’s,” but in a touching moment, old friend Robin Williams is seen visiting him in the hospital.

“Robin showed him ‘Hey, you’re still you,'” Alexandra Reeve Givens said. “‘You still have this foundation of friendship and people around you, who adore you. And you’re going to find those fun moments in life again.'” 

That support from friends and family re-ignited Reeve’s legacy of activism. He made appearances at the Democratic National Convention and the 68th Academy Awards in 1996, about a year after the accident. Matthew Reeve said watching his father address his industry peers at the Oscars was “one of (his) most proud moments.”

“It was just a production for him to get out of bed every morning, let alone get across the country and go out in public for the first time,” Matthew Reeve said. “It was a big deal. It was a big deal to him, but it was also a big deal to the entire disability community. We stayed up in London till like three in the morning to watch that live. It’s a fond memory.”  

Actor Christopher Reeve (L), wife Dana (R) and com
Christopher Reeve (L), wife Dana (R) and comedian-actor Robin Williams (C) pose while at the Governor’s Ball after the 68th Annual Academy Awards 25 March in Los Angeles.

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Reeve also went on to launch what would become the Christopher and Dana Reeve Foundation, which is dedicated to advancing research into spiral cord injury and help individuals and families impacted by paralysis. It was his dad’s mission to find a cure, Matthew Reeve said, while his stepmother wanted to focus on improving the lives of paralyzed people and their families. The foundation and Reeve’s platform helped bring unprecedented attention and funding to spinal cord injury research. 

Reeve even kept acting and realized his lifelong dream of directing with the 1997 HBO movie “In the Gloaming.” Reeve died in 2004 from heart failure at 52.

“There is a huge amount of great actors and actresses out there, where their filmography might be amazing and what they achieve on a cultural level might be amazing, but have they actually achieved anything really as a human that moves the needle for our society?” said filmmaker Ian Bonhote, who made the documentary with Peter Ettedgui. “And Chris has done both things.” 

“Super/Man: The Christopher Reeve Story” will open in theaters on Friday, Oct. 11. 



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How England’s most traditional meal is changing

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How England’s most traditional meal is changing – CBS News


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The British have enjoyed a Sunday roast for generations, but the tradition is changing. Chef Tom Kerridge, owner of the world’s only two Michelin-starred pub, explained the dish’s evolution – as well as what makes it so beloved.

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