Connect with us

CBS News

Are 1-ounce gold bars a safe investment this June?

Avatar

Published

on


Small gold ingot
Before you invest in 1-ounce gold bars this June, it’s important to understand whether it’s a safe bet to make.

Getty Images


As the nation continues to grapple with high and persistent inflation, elevated interest rates, geopolitical tensions and other uncertainties, many investors are turning to gold to protect their portfolios. And that makes sense, as the precious metal’s intrinsic value and scarcity have historically made it a reliable hedge against inflation and other economic issues. And, as more investors flock to gold, the uptick in demand has been causing the price of gold to skyrocket. 

While gold’s price was hovering at just below $2,000 per ounce in mid-February, the renewed interest in gold caused the price to hit a new record high of over $2,400 per ounce by late May, which was a big win for investors who bought in when the price was dipping. The price of gold has gold has cooled a bit in the time since, but it is currently sitting at $2,342.92 per ounce (as of June 3, 2024). And, today’s high price, coupled with gold’s recent upward price trajectory, continues to be a major draw for both new and seasoned investors. 

But while gold can be an attractive option to consider, especially when the price is climbing, it’s important to note that its price can fluctuate, sometimes significantly, in the short term. And if you want to maximize the potential returns on your gold investment, it’s crucial to ensure that you’re making a safe and well-informed bet. So, are 1-ounce gold bars, which are one of the most affordable and accessible gold bullion options, a safe investment this June? Let’s find out.

Learn more about how gold investing can be a smart move right now.

Are 1-ounce gold bars a safe investment this June?

Whether or not 1-ounce gold bars are ultimately the right asset to add to your investment portfolio depends on a wide range of factors, like your investment goals and asset mix. That said, in most cases, the answer to whether 1-ounce gold bars are a safe investment in June is yes — but with a few important caveats to consider.

One of the main reasons gold may be a safe investment this June is that gold has historically been a reliable long-term investment. If you look at the price trajectory of gold over the past five decades, the price has fluctuated over the shorter term but has consistently risen over the long term, outpacing inflation and providing a buffer against economic uncertainties. And, gold has held its value, even during periods of market volatility, making it an attractive option for investors seeking stability and security.

1-ounce gold bars also offer several advantages that make them a compelling investment choice. For example, their smaller size and lower price point compared to larger gold bars make them more accessible to a broader range of investors, allowing for portfolio diversification without requiring a significant upfront capital outlay. These bars are also widely recognized and easily tradable, ensuring liquidity when the need arises.

However, it’s important to note that while 1-ounce gold bars can be a valuable addition to a well-diversified portfolio, it should not be the sole investment strategy for any investor. After all, gold does not generate dividends like some other assets do, and its value is primarily driven by supply and demand dynamics.

Explore your gold investing options online today.

How to decide if 1-ounce gold bars are right for your portfolio

To decide if 1-ounce gold bars are right for your portfolio this June, consider the following factors:

Your investment horizon

Gold is generally considered a long-term investment, as the price can be volatile in the short term based on demand and other factors. So, if you have a shorter investment horizon or immediate liquidity needs, 1-ounce gold bars may not be the most suitable option.

Your risk tolerance

As noted, gold can be subject to price fluctuations, so it’s essential to assess your risk tolerance and ensure that you’re comfortable with the potential volatility. If you have a lower risk tolerance, you may want to allocate a smaller portion of your portfolio to 1-ounce gold bars (or any other gold investment you make).

Your diversification needs

Gold can help to reduce the overall risk of your portfolio by providing a hedge against inflation and market downturns. So, if your portfolio is heavily weighted toward traditional assets like stocks and bonds, adding 1-ounce gold bars to the mix can help balance your risk exposure.

The storage and security costs

Physical gold, whether it’s 1-ounce gold bars, larger gold bars or fractional gold, requires proper storage and security measures, which can incur additional costs. Consider these factors when evaluating the overall investment expense and ensure that you have a secure location to store your gold bars.

The potential tax implications

There may be tax implications associated with buying and selling physical gold. So, be aware of these potential tax liabilities and factor them into your investment decision before buying 1-ounce gold bars (or any other type of physical gold bullion).

The bottom line

For those seeking a safe haven and long-term stability, 1-ounce gold bars can be a valuable addition to a well-diversified portfolio this June — but these types of gold bars won’t be the right move for everyone. To decide if 1-ounce gold bars make sense for your portfolio, it may help to weigh your investment objectives, risk tolerance and overall financial strategy. That way, you can make an informed decision on whether these compact bullion bars align with your investment goals and provide the protection and growth potential you seek.



Read the original article

Leave your vote

Continue Reading

CBS News

Meet the designer turning classic Venetian glass into modern art

Avatar

Published

on


Meet the designer turning classic Venetian glass into modern art – CBS News


Watch CBS News



Venetian glass is perhaps the most famous glass in the world. The island of Murano became the glass-making center of Europe in the 15th and 16th centuries, creating art that was so popular it was sought out by royals well into the 19th century. Today, the intricate pieces are still in demand, and one entrepreneur is making waves by turning an old world craft into modern day art. Dana Jacobson has more.

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

Minnesota Vikings rookie Khyree Jackson dies in car accident

Avatar

Published

on


Former Vikings throw special private party for fans


Former Vikings throw special private party for fans

01:30

MINNEAPOLIS — Minnesota Vikings rookie Khyree Jackson died overnight in a car accident.

The Upper Marlboro, Maryland native played for Alabama and Oregon. He was drafted by the Vikings in April in round 4 as the 108th overall pick.

He was 24 years old.

“Our thoughts are with Khyree’s family, friends, teammates and coaches, as well as all the victims of this tragic accident,” the Vikings wrote on X.

Vikings head coach Kevin O’Connell said he was “crushed” by the news of Jackson’s death.

“In our short time together, it was evident Khyree was going to develop into a tremendous professional football player, but what was more impressive was his desire to become the best person he could be for his family and those around him,” O’Connell added.

The crash happened in Upper Marlboro shortly after 3 a.m. and involved three cars, according to Maryland state police. Investigators believe the driver of a silver Infiniti car tried to change lanes at a high rate of speed and struck the car that Jackson was in, as well as a Chevrolet Impala.

The two other occupants of Jackson’s car also died in the crash. The occupants of the other cars were not hurt. 

Officials believe that alcohol could have been a contributing factor in the crash. 

In a statement, the Minnesota Vikings say they have offered support to Jackson’s family, and are offering counseling and emotional support to the players who seek it. 

This is a developing story. Check back with WCCO.com for more.

Note: The above video first aired on June 24, 2024.



Read the original article

Leave your vote

Continue Reading

CBS News

Street medics treat heat illnesses among homeless people as temperatures rise

Avatar

Published

on


Alfred Handley leaned back in his wheelchair alongside a major Phoenix freeway as a street medicine team helped him get rehydrated with an intravenous saline solution dripping from a bag hanging on a pole.

Cars whooshed by under the blazing 96-degree morning sun as the 59-year-old homeless man with a nearly toothless smile got the help he needed through a new program run by the nonprofit Circle the City.

“It’s a lot better than going to the hospital,” Handley said of the team that provides health care to homeless people. He’s been treated poorly at traditional clinics and hospitals, he said, more than six years after being struck by a car while he sat on a wall, leaving him in a wheelchair.

Circle the City, a non-profit that works in multiple cities and hospitals and treats about 9,000 people annually, introduced its IV rehydration program as a way to protect homeless people in Phoenix from life-threatening heat illness as temperatures regularly hit the triple-digits in America’s hottest metro. 

Extreme Heat Homeless Health Care
Alfred Handley watches an intravenous saline solution drip administered by the Circle The City medical team, Thursday, May 30, 2024 in Phoenix. 

Matt York / AP


Homeless people accounted for nearly half of the record 645 heat-related deaths last year in Maricopa County, which encompasses metro Phoenix. As summers grow warmer, health providers from San Diego to New York are being challenged to better protect homeless patients.

Dr. Liz Frye, vice chair of the Street Medicine Institute which provides training to hundreds of healthcare teams worldwide, said she didn’t know of groups other than Circle the City administering IVs on the street. The organization also distributes tens of thousands of water bottles each summer and tries to educate people about hot weather dangers.

“But if that’s what needs to happen to keep somebody from dying, I’m all about it,” Frye said.

Bringing care to people in need 

The amount of people requiring treatment for heat illnesses is rising. The Boston Health Care for the Homeless Program, featured in last year’s book, “Rough Sleepers,” now sees patients with mild heat exhaustion in the summer after decades of treating people with frostbite and hypothermia during the winter, said Dr. Dave Munson, the street team’s medical director.

“It’s certainly something to worry about,” said Munson, noting that temperatures in Boston hit 100 degrees with 70% humidity during June’s heat wave. Homeless people, he said, are vulnerable to very hot and very cold weather not only because they live outside, but they often can’t regulate body temperature due to medication for mental illness or high blood pressure, or because of street substance use.

The Phoenix team searches for patients in homeless encampments in dry riverbeds, sweltering alleys and along the canals that bring water to the Phoenix area. About 15% are dehydrated enough for a saline drip.

Extreme Heat Homeless Health Care
Phillip Enriquez, left, and Alfred Handley receive intravenous saline solution from a Circle The City mobile clinic, Thursday, May 30, 2024 in Phoenix. 

Matt York / AP


“We go out every day and find them,” said nurse practitioner Perla Puebla. “We do their wound care, medication refills for diabetes, antibiotics, high blood pressure.” 

Puebla’s street team ran across Handley and 36-year-old Phoenix native Phillip Enriquez near an overpass in an area frequented by homeless people because it’s near a facility offering free meals. Across the road was an encampment of tents and lean-tos along a chain-link fence.

Enriquez sat on a patch of dirt as Puebla started a drip for him. She also gave him a prescription for antibiotics and a referral to a dentist for his dental infection.

Living outside in Arizona’s broiling sun is hard, especially for people who may be mentally ill or use sedating drugs like fentanyl that make them less aware of their surroundings. Stimulants like methamphetamine contribute to dehydration, which can be fatal. Dr. Matt Essary, who works with Circle in the City’s mobile clinics, said the organization also often treats surface burns that can happen when a medical emergency or intoxication causes someone to fall on a sizzling sidewalk. 

Extreme Heat Homeless Health Care
Nurse practitioner Perla Puebla prepares a intravenous saline solution outside a Circle The City mobile clinic, Thursday, May 30, 2024 in Phoenix. 

Matt York / AP


Temperatures this year have reached 115 degrees in metro Phoenix, where six heat-related deaths have been confirmed through June 22. Another 111 are under investigation, and the city is seeing an “increasing” number of patients with heat illnesses every year, according to Dr. Aneesh Narang, the assistant medical director of emergency medicine at Banner Medical Center-Phoenix, which treats many homeless people with heat stroke.

Narang’s staff works frequently with Circle the City, whose core mission is providing respite care, with 100 beds for homeless people not well enough to return to the streets after a hospital stay.

Extreme heat worldwide requires a dramatic response, said physician assistant Lindsay Fox, who cares for homeless people in Albuquerque, New Mexico, through an initiative run by the University of New Mexico’s School of Medicine.

Three times weekly, Fox treats infections, cleans wounds and manages chronic conditions in consultation with hospital colleagues. She said the prospect of more heat illness worries her.

Highs in Albuquerque can hit the 90s and don’t fall enough for people living outside to cool off overnight, she said.


How soldiers use this fast, cheap solution to quickly cool down in intense heat

03:33

“If you’re in an urban area that’s primarily concrete, you’re retaining heat,” she said. “We’re seeing heat exposure that very quickly could go to heat stroke.” 

Serious heat stroke is far more common in metro Phoenix, where Circle the City is now among scores of health programs for the homeless in cities like New York, San Diego and Spokane, Washington. 

Circle the City works with medical staff in seven Phoenix hospitals to help homeless patients get after-care when they no longer need hospitalization. It also staffs two outpatient clinics for follow-up.

Rachel Belgrade waited outside Circle the City’s retrofitted truck with her black-and-white puppy, Bo, for Essary to write a prescription for the blood pressure medicine she lost when a man stole her bicycle. She accepted two bottles of water to cool off as the morning heat rose.

“They make all of this easier,” said Belgrade, a Native American from the Gila River tribe. “They don’t give you a hard time.” 



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.