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Gold prices keep rising. Here’s how to take advantage now.

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With gold hitting yet another price high this month, prospective investors should make some strategic moves now.

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Those who thought gold prices peaked after a slower start to the summer were pleasantly surprised last week when the precious metal surged to its latest record high, hitting $2,472.76 per ounce on July 17. That comes after the yellow metal had broken numerous price records so far in 2024 — and after it started at just $2,063.73 per ounce on January 1. That’s an almost 20% increase in just over six months.

Against this unique price backdrop, then, both experienced investors and beginners may be considering the benefits gold can provide to their portfolio now. But as the price rises and with the potential for the price of gold to hit $3,000, according to some experts, it behooves investors to get started sooner rather than later. Below, we built a list of some ways to take advantage now.

Start by exploring your available gold investing options online today.

How to take advantage of gold’s rising price

If you’re looking for the hedge against inflation and portfolio diversification that a gold investment can offer then you’ll want to get invested now. Here’s how to do so even as the price continues to tick upward:

Buy in now

Waiting for an ideal time or price to buy gold could be a major mistake. Not only is the precious metal not expected to drop in value, but many experts expect it to rise even further. And in the face of geopolitical tensions abroad and a presidential election in the U.S., the price could rise sooner than expected (both factors play a large role in the price of gold). So it makes sense to buy in now before the price becomes prohibitive. 

And it’s helpful to remember that you don’t necessarily have to pay the full price noted above. You could shop around to find deals with top gold companies or even consider buying less than a full ounce worth (fractional gold) to secure the benefits gold can provide without having to pay too much.

Get started here now.

Consider physical gold

Physical gold is easy to find, simple to buy and it can be sold at a markup. Plus, with the right approach, it can be easy to authenticate. 1-ounce gold bars, coins and other types and sizes can be particularly beneficial for you, depending on your goals and expectations. And while not normally considered a way to generate income, today’s rising price provides investors a rare opportunity to potentially turn a quick profit with gold. The tangibility and ease of access a physical gold investment provides — compared to gold ETFs or IRAs, for example — make it an opportune type to buy right now.

Limit your investment

A continuously rising price could tempt some investors to purchase large amounts of gold, no matter the form they choose. The more you buy now the more you stand to make in profit. But that would be a mistake. Conventional wisdom dictates that gold should make up a maximum of 10% of your overall portfolio (or less). A rising price does little to detract from this advice and actually underlines its importance. 

Gold’s prices, after all, evolve as the economic climate does. So it’s more important in these changing times to have a diversified portfolio made up of stocks, bonds and alternative assets like gold versus one heavily made up of just one specific class. 

Learn more about how gold can boost your portfolio online.

The bottom line

A rising price could deter some prospective gold investors from getting started now. But with a strategic and nuanced approach, they can still take advantage of the benefits and protections gold traditionally offers. Specifically, they should consider buying in now before the price rises yet again and the cost becomes prohibitive. They should also consider the benefits and flexibility a physical gold investment offers now when compared to other, less tangible gold investment types and they should avoid the temptation to over-invest in the metal, even with the prospect of future price hikes high at the moment. By taking these approaches now investors can potentially capitalize on today’s high gold price while also positioning themselves for additional price growth in the weeks and months ahead.



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Georgia’s six-week abortion ban ruled unconstitutional

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Are Republicans shifting on abortion?


Some Republicans shift on abortion ahead of Election Day

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Georgia’s six-week abortion ban is unconstitutional, Fulton County Superior Court Judge Robert McBurney ruled Monday, permitting abortions to resume later into pregnancies. 

The order means the state can’t enforce the six-week ban that took effect in 2022. Abortions may continue to be performed until around 22 weeks of pregnancy. 

“While the State’s interest in protecting ‘unborn’ life is compelling, until that life can be sustained by the State — and not solely by the woman compelled by the Act to do the State’s work — the balance of rights favors the woman,” McBurney wrote in his ruling. 

When the Supreme Court overturned the landmark Roe v. Wade in 2022, Georgia was one of the states where a ban automatically kicked in at about six weeks, which is sometimes before a woman realizes she is pregnant. 

This is a developing story.

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Can the Tim Walz, JD Vance debate shape the 2024 election?

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Can the Tim Walz, JD Vance debate shape the 2024 election? – CBS News


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Ohio Sen. JD Vance and Minnesota Gov. Tim Walz will debate in New York City Tuesday, the only vice presidential debate likely to occur before the November election. CBS News’ Lindsey Reiser breaks down the impact of past vice presidential debates on elections.

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Hurricane Helene flooding poses multiple health risks. Here’s what to know.

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Hurricane Helene’s wake of massive rains and flooding isn’t just destructive to property — it is also a major health and safety risk, leaving residents in the storm’s path stranded and potentially exposed to waterborne illnesses and other dangers. 

As authorities rush to airdrop supplies, restore power and clear roads, the number of storm-related deaths climbed past 100 across the Southeast.

In the devastated city of Asheville, North Carolina, Megan Drye, who was rescued, watched as her 7-year-old son Micah and her parents got swept away into the flood. They were stranded on a roof when it collapsed into the water.  

Vulnerable populations, including the elderly, children and those with pre-existing health conditions, are particularly at risk for flood-related hazards, internal medicine physician Dr. Shoshana Ungerleider told CBS News. 

But experts say there are a variety of health risks to be aware of when it comes to floodwaters. Here’s what to be mindful of.

Floodwater drowning, injuries and diseases

Even for skilled swimmers, swift flood waters can quickly sweep anyone and anything in its path. 

“Unfortunately, we’ve seen a trend on social media of people dancing and jumping head first into Hurricane Helene floodwaters,” said Peter Duncanson, disaster expert at ServiceMaster Restore, adding this underscores hazards associated with engaging with floodwaters.

Aside from the water itself being dangerous, floodwaters can also conceal downed electric lines and open manholes or drains, Duncanson said. Floodwaters can also carry harmful debris that can lead to injuries like glass and metal as well as rodents and snakes.

Then there’s the dangers you can’t see with a naked eye like pathogens. 

“Mostly we worry about what we call ‘enteric pathogens’ — the same kind of bacteria that cause food-borne illness, like certain strains of E. coli, salmonella, shigella and yersinia. We also worry about norovirus and hepatitis A,” Dr. Daniel Kuritzkes, chief of the division of infectious diseases at Brigham and Women’s Hospital, told CBS News.

If drinking water becomes contaminated, drink only bottled (or boiled) water until advised by local authorities that the water is safe to consume, Kuritzkes said.

“Remember that you need clean water to be able to wash fruits and vegetables, so either peel or cook those before eating if you’re unable to secure a safe water supply,” he said. 

Open wounds or rashes exposed to floodwater can also become infected, Dr. Robert Glatter, an emergency physician at Lenox Hill Hospital in New York City, previously told CBS News

Avoid direct contact with floodwater whenever possible by wearing gloves and waterproof clothing and never walk barefoot through a flood.

“Often if your feet get waterlogged that’s a set-up for getting infections, including fungal infections between the toes,” said Glatter. “Wear high boots and keep your feet as dry as possible.”

Health impacts beyond flooding

Once water recedes, mold is another major issue that can trigger asthma and difficulty breathing, watery eyes and allergy-type symptoms, said Dr. Peggy Duggan, executive vice president and chief medical officer at Tampa General Hospital.

“That is why it is important to remove all furniture and items as well as drywall to mitigate the risk of mold,” Duggan said.

Glatter said carpeting and fabric-based furniture should not be salvaged.

“Bacteria can leach onto fabrics and lead to airborne infections,” he said. “I would not recommend holding onto anything with fabric that absorbs floodwater.”

Mold can appear in as little as 24 to 48 hours after floodwater recedes.

Loss of power and no access to air conditioning are also health risks to be cautious of, experts say.

“The loss of power and no access to air conditioning can increase risk to patients who have chronic medical conditions like asthma, COPD (chronic obstructive pulmonary disease) and cardiovascular disease, and heart failure,” Duggan said. 

Mental health after Hurricane Helene

It’s not just physical health that can be impact by the hurricane’s devastation — mental health is another concern.

“Surviving Hurricane Helene can have significant impacts on your mental health,” Courtney Morgan, a licensed therapist and founder of Louisville, Kentucky, based mental health therapy practice Counseling Unconditionally, told CBS News. 

Feeling scared, hopeless or isolated may come up during or after a hurricane or another natural disaster, she said. 

“Many people have lost everything in these disasters, including their homes and even loved ones. Experiencing grief is challenging regardless of the circumstances; however, trying to navigate grief in the midst of a natural disaster is exceptionally difficult, as you often do not have the means to prepare a funeral or other arrangements for your loved ones. Additionally, you may experience survivors guilt if they know that other people have lost their lives,” Morgan said. 

Post-traumatic stress disorder, or PTSD, and anxiety are mental health concerns that frequently emerge after such catastrophic events, Ungerleider said. 

“During a natural disaster crisis, prioritizing mental health is critical for overall wellbeing and resilience. It’s important to first recognize and manage stress reactions early,” she said, adding a few suggestions to support your mental well-being:

  • Maintain routines as much as possible to “create a sense of stability amidst chaos.”
  • Stay connected to loved ones when possible (either virtually or in-person) for emotional support and to reduce feelings of isolation.
  • Seek professional help from a mental health provider if symptoms like persistent anxiety, depression, or sleep disturbances are overwhelming, she added.

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