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3 gold investing moves to boost your portfolio this July
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There are many reasons to consider investing in gold right now. With high inflation, geopolitical unrest and the coming election, having a healthy safe haven allocation in your investment portfolio makes sense. And, gold is an effective way to protect your portfolio from risk.
Gold’s price has seen strong growth this year, too. After starting the year off at $2,063.73, the price of gold climbed to $2,439.98 by May 20. But that price has since cooled. Today, gold is trading at around $2,380.00 per ounce. Although that’s significantly lower than gold’s May record high, it still represents more than 15% growth year-to-date.
While there are many reasons to invest in gold, it’s important to make the right moves when you do, particularly this July.
Invest in gold now to give your portfolio a boost.
3 gold investing moves to boost your portfolio this July
You can use gold to improve your portfolio’s performance in a few ways this July. Some of the most effective include:
Focus on allocation
Gold’s price has grown quite a bit this year. And, the safe haven properties of the precious metal are valuable given the current economic, political and geopolitical climates. So, you may want to add quite a bit of the yellow metal to your portfolio. But, you shouldn’t overdo your investment.
While gold is an attractive safe haven, the stock market’s performance has been strong this year, too – the S&P 500 is up around 17% year-to-date. And, it’s important to balance your portfolio with a healthy mix of safe havens and traditional assets like stocks and bonds.
Most experts say you shouldn’t allocate more than 10% of your portfolio assets to gold. Some suggest that a 5% gold allocation is more reasonable. So, consider your investment goals, the other assets in your portfolio and how gold relates to those assets when choosing your allocation. But, in any case, keep your holdings to a maximum of 10% of your portfolio’s assets.
Take advantage of gold’s safe haven and inflation protection properties today.
Invest now
Gold’s price is down but it may not stay there for long. Gold’s price tends to go through cycles. Upward cycles are typically followed by downward cycles and vice versa. Based on the cyclical nature of gold’s price, there are two reasons why waiting to make your investment could be a mistake:
- The discount could disappear: If you buy gold now, you’ll do so at a discount to its most recent high. But, if you wait too long, that discount could disappear.
- You could be priced out: Gold isn’t a cheap commodity, even considering the current discount. And, if history is any indication, gold’s price will continue to produce long-term gains – regardless of the short-term cycles it experiences. So, if you wait too long, gold’s price could become cost-prohibitive – making it difficult to add the commodity to your portfolio later.
So, add gold to your portfolio now to take advantage of the current discount in its price and avoid any issues with being priced out of the market later.
Look for discounted options
Gold’s spot price is typically the price that’s quoted online. But, that’s not usually the price you pay when you purchase the commodity. In most cases, dealers add a markup to the spot price to generate a profit. So, it’s possible to overpay for the commodity if you’re not careful – but it’s also possible to find discounted options.
Many online gold dealers buy second-hand precious metals and resell them at a discount to their freshly-minted counterparts. And, while these products may have some imperfections and may not be the particular design you want, their value is in the weight of the gold they’re made with. So, when you look for these discounts, you could cut the cost of your gold investment while you take advantage of the benefits of adding the precious metal to your portfolio.
The bottom line
Gold is a compelling asset with valuable inflation protection and safe haven qualities. But, when you invest invest in the precious metal this July, it’s a good idea to make your investment strategically. In particular, invest now and be sure that when you do, you maintain a healthy allocation representing 10% or less of your portfolio’s value. Also, look for opportunities to buy gold at a discount. Doing so could cut the cost of your investment. Compare your options among leading gold dealers now.
A so-called “doomsday fish” has washed up on a Southern California beach — typically an extremely rare occurrence, but this is the second time this year it has happened. The rare oarfish found on Grandview Beach in Encinitas measured roughly 9 to 10 feet and was spotted by a doctoral candidate at Scripps Institute of Oceanography, the school wrote on social media.
The doomsday fish got its name because it looks like a mythical sea creature, with a long, ribbon-shaped body that can grow up to 30 feet, according to Ocean Conservancy.
After doctoral candidate Alison Laferriere found the odd-looking fish — which resembles a larger-than-normal eel with a monstrous face — Ben Frable, manager of the Scripps Oceanography Marine Vertebrate Collection, contacted the NOAA Fisheries Service team to bring the animal to its Southwest Fisheries Science Center.
This oarfish is smaller than the one found in La Jolla in August 2024. Researchers are not yet sure why the rare fish has washed up on California beaches recently, and there have been few studies on the species.
Only 20 oarfish have washed up in California since 1901, according to the Scripps Institute. And these deep-sea dwellers usually only come ashore when they are sick, dying or disoriented, Ocean Conservatory says.
Scripps Institution of Oceanography
“It may have to do with changes in ocean conditions and increased numbers of oarfish off our coast,” Frable said, according to the institute’s social media post. “Many researchers have suggested this as to why deep-water fish strand on beaches. Sometimes it may be linked to broader shifts such as the El Niño and La Niña cycle but this is not always the case. There was a weak El Niño earlier this year. This wash-up coincided with the recent red tide and Santa Ana winds last week but many variables could lead to these strandings.”
The researchers at Scripps took samples and froze the specimen to further study the oarfish and its biology, anatomy, geonomics and history, according to Frable.
In a comment on the post, the institute cleared up a myth surrounding doomsday fish. “There have been many questions and comments about the connection between oarfish and earthquakes,” the comment states. “While oarfish have a mythical reputation as predictors of natural disasters and earthquakes, experts have debunked this as folklore. A 2019 study found no correlation between oarfish or ribbonfish strandings and earthquakes in Japan.”
The aforementioned study, published in the Bulletin of the Seismological Society of America, looked at reports of oarfish and slender ribbonfish in Japanese newspapers. Japanese folklore says the appearance of these fish means an earthquake is coming, but the researchers found there was hardly a relationship between these fish and the occurrence of earthquakes and that newspapers likely reported the fish sightings “because rare appearances might attract readers,” according to the study.
Oarfish typically live in the mesopelagic zone — the area of the ocean least explored by scientists. They float vertically through waters 3,280 feet deep, where there is little light. Their silvery, reflective bodies help them blend in if they do hit patches of light, according to the conservatory.
Washington — An “unknown and unauthorized third party” has gained access to two dozen depositions of witnesses tied to the various investigations into former Rep. Matt Gaetz of Florida, CBS News has learned.
The leaked materials are part of a civil defamation case filed by Chris Dorworth, a lobbyist who is close to Gaetz. These materials include the sworn deposition of the minor with whom Gaetz allegedly had sex.
According to a source familiar with the matter and an email viewed by CBS News, the person who gained access went by the name “Altam Beezley.”
Gaetz has denied any wrongdoing.
The New York Times first reported on the alleged leak.
This is a breaking story. It will be updated.
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A second rare “doomsday fish” has been spotted on a Southern California beach
Nearly 3½-year term for teen who stole pricey dog while it was being walked in St. Paul
“Unknown and unauthorized third party” has gained access to Matt Gaetz depositions
A second rare “doomsday fish” has been spotted on a Southern California beach
Nearly 3½-year term for teen who stole pricey dog while it was being walked in St. Paul