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Should you wait for the price of gold to fall to invest? Experts weigh in

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Waiting for the price of gold to drop could be a mistake for prospective gold investors.

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Gold prices have soared in 2024, reaching record highs multiple times across the year. Gold is currently at an all-time high of over $2,600 per ounce. A year ago? The average price was just $1,800.

The reasons for the run-up are many: Inflation, geopolitical tensions, and a general flock toward safer investments chief among them. But one thing’s for certain: Those who have bought in have gained big.

The question now is will that trend continue? Is it safe to buy today and still assume growth, or should hopeful investors wait for prices to drop before getting in? We asked some experts to weigh in.

Considering a gold investment now? Learn more about your options with Preserve Gold here.

Should you wait for the price of gold to fall to invest?

In some cases, waiting for the price of gold to drop to get invested could be a mistake. In other instances, it may be worthwhile. Here’s when each applies, according to the experts we spoke to:

No, you shouldn’t wait for the price of gold to fall to invest

If you want to wait for gold prices to fall to invest, you first need to be sure that’s something that will happen. While there’s a chance they will, it’s just not guaranteed — especially with the many economic and geopolitical factors (plus a presidential election) currently at work. That means waiting could come with quite the opportunity cost.

“There is a chance that the gold price does not fall significantly enough for retail investors to get in under $2,000 and instead continue to break all-time highs,” says Ben Nadelstein, head of content at precious metals marketplace Monetary Metals. “If consumers wait to buy gold, they are potentially waiting to buy when interest rates will be lower and the shift to higher yielding assets like gold will have already pushed prices out of reach.”

It also depends on your goals. If you simply want a tangible way to hold your wealth, buying now can certainly help you achieve that. And if you’re eyeing gold for its long-term benefits — like inflation protection or to safeguard your portfolio from risks in other asset classes — then buying earlier is always better. 

“Long term holders of gold have been well rewarded,” says James Cordier, CEO and head trader at Alternative Options. While that may mean riding a few ups and downs over the years. “They’re rewarded for doing that as well,” he says. 

Start investing with Preserve Gold online now.

Yes, you should wait for the price of gold to fall to invest

If you want to maximize profits and are willing to wait it out, price-watch, and sell your gold off once prices rise again, then holding off could be the better move for you. 

“If consumers are looking to maximize potential returns, then they very well could wait for gold prices to fall and buy at the bottom,” says Eric Elkins, CEO of financial consulting firm Double E. “The one jarring issue with this strategy is no one really knows when gold will drop in price or bottom out. There is always a possibility that the consumer could miss on gains if the prices continue to go up over a lengthy period of time.”

To get around this timing-the-market approach, Elkins and other experts suggest doing what’s called “dollar-cost averaging.” Rather than buying a specific amount of gold, you instead commit to buying a specific amount of dollars in gold — regardless of how much it gets you. This helps you still buy into the asset without needing to price-watch and time your purchases. 

“If I commit to dollar-cost averaging, I will not time the price of gold, but will be able to buy some now, as well as when the price begins to come down,” says Christopher Mediate, president of Mediate Financial. “This allows you to increase your position still but accumulate more shares at a lower price.”

How to invest in gold

Whenever you decide to invest in gold, there are many ways to do it. You can buy physical gold bars and coins (Costco now has them), or, if you’re saving for retirement, open a gold IRA. You can also buy and trade gold stocks and ETFs, or purchase gold futures if you have more investing savvy. Talk to an investing professional if you need help making the right decision for your portfolio. 

Learn more with Preserve Gold now.



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“Mysterious black balls” close 2 popular beaches in Australia

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Sydney — Hundreds of mysterious black tar-like balls have washed up on two popular Sydney area beaches, prompting lifeguards to close the strands to swimmers.

“Mysterious, black, ball-shaped debris” began appearing on Coogee Beach in the Randwick area on Tuesday afternoon, the local mayor said, leaving flummoxed Australian authorities scrambling to find out what they might be and where they came from.

Hundreds of golf-to-baseball-sized spheres could be seen littering the coast, which is usually thronged with Sydneysiders and tourists.

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Coogee Beach in Sydney, Australia, is seen after authorities closed it to the public, Oct. 16, 2024, while officials investigated hundreds of small, black balls washing up on the shore. 

SAEED KHAN/AFP/Getty


Instead, a few seagulls wandered among the spheres, pecking and examining.

The balls were also spotted at nearby Gordon’s Bay, an aquatic reserve popular for snorkeling and fishing, which was also closed.

“At this stage, it is unknown what the material is,” Mayor Dylan Parker of Randwick city said in a social media post. “However, they may be ‘tar balls’ which are formed when oil comes in to contact with debris and water, typically the result of oil spills or seepage.”

The balls on Sydney’s picturesque shores aren’t the only unidentified objects to appear on beaches lately. Officials in Canada confirmed to CBS News on Tuesday that they were investigating blobs of a white “mystery substance” that have washed up since September on beaches in the far northeast Newfoundland and Labrador province.

Canada’s environmental agency told CBS News’ Ahmad Mukhtar that samples of the hundreds of white blobs littering beaches had been taken, but that both the substance and its origins remained a mystery.



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Stunning details of iconic shipwreck Endurance revealed in never-before-seen footage

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Legendary Antarctic explorer Ernest Shackleton’s ship Endurance sank more than a century ago and its wreck lay undiscovered at the bottom of the Weddell Sea until March 2022.

Now, the team behind its discovery has joined forces with an Oscar-winning film crew for a new National Geographic documentary showcasing how they located the storied vessel’s last resting place.

“Endurance” features thousands of 3D scans shot by a 4K camera deployed to a depth of nearly 10,000 feet. It premiered at the London Film Festival last weekend before its release in cinemas and then on Disney+.

The never-before-seen footage captures everything from a flare gun and man’s boot to dinnerware used by the crew and identifiable parts of the vessel.

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Endurance Taffrail and ship’s wheel, afte well deck.

Falklands Maritime Heritage Trust / National Geographic


“We were absolutely blown away,” Mensun Bound, the 2022 discovery team’s director of exploration, told AFP. “We didn’t expect to see the ship’s wheel — the most emblematic part of the ship — just standing there, upright.”

History broadcaster Dan Snow, an executive producer on “Endurance”, called finding it in such a “stunning state” an “astonishing achievement”.

“No one’s ever found a wooden shipwreck 3,000 metres down in one of the most remote places on earth underneath the ice,” he said.

“It’s important because it is connected with this story of Shackleton and the 1914-16 expedition, which is one of the greatest stories ever told — a story of leadership and survival like nothing else.”

The flare gun that was discovered was fired by Frank Hurley, the expedition’s photographer, as the ship was lost to the ice, the BBC reported.

“Hurley gets this flare gun, and he fires the flare gun into the air with a massive detonator as a tribute to the ship,” expedition leader John Shears said. “And then in the diary, he talks about putting it down on the deck. And there we are. We come back over 100 years later, and there’s that flare gun, incredible.”

Anglo-Irish explorer Shackleton’s Imperial Trans-Antarctic Expedition was meant to make the first land crossing of the frozen continent.

But its three-masted timber sailing ship Endurance fell victim to the treacherous Weddell Sea, becoming ensnared in pack ice in January 1915. It was progressively crushed and sank 10 months later.

Shackleton, who died in 1922, described the site of the sinking as “the worst portion of the worst sea in the world.”

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3D scan of the Endurance in her final resting place at the bottom of the Weddell Sea.

Falklands Maritime Heritage Trust / National Geographic


He cemented his status as a legend of exploration by leading an epic escape for himself and his 27 companions, on foot over the ice and then in boats to the British overseas territory of South Georgia, some 870 miles east of the Falklands.

“I do believe of all the great survival stories I’ve ever heard of, this one takes the cake because it involves so many people,” said Jimmy Chin, who directed and produced the new film jointly with Elizabeth Chai Vasarhelyi.

The husband-and-wife team behind Oscar-winning movie “Free Solo” saw the expedition organized by the Falklands Maritime Heritage Trust as a chance to “bring the story to a new generation.”

“The ultimate polar challenge”

The documentary alternates between accounts of the original and the 2022 missions, as the modern-day explorers conduct dozens of fruitless deep-sea dives using a state-of-the-art submersible as a deadline nears to leave before winter sets in.

trailer for the film shows footage from the original 1914 expedition combined with video from the modern-day search.  


ENDURANCE | Official Trailer | National Geographic Documentary Films by
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Bound recounted the various challenges the latter-day team faced, including technology, research and climate, with one thing reminiscent of what Shackleton’s men confronted.

“Ice, ice and ice,” he said, adding that the documentary clearly highlights “the brutality” of the conditions they faced.

“This is probably the most difficult project I’ve ever been involved in… it wasn’t called the unreachable Endurance for nothing, was it?”

Shears also said there was a “real parallel” between the two endeavors and that like Shackleton he was drawn to “the ultimate polar challenge.”

“More people have been into space orbit than have ever walked on the surface sea ice where the Endurance sank,” said Shears, who previously led an unsuccessful attempt to find the wreck in 2019.

Chin and Vasarhelyi said combining the two stories was challenging but they were complementary.

“The two stories, even though they’re separated by 110 years, speak to each other,” said Vasarhelyi.

“They both chronicle this fundamental human condition of the audacity to dream big… have ambition, coupled with the diligence, determination, the grit and the ingenuity to see it through.”

To tell the original story, they opted to use AI to capture Shackleton and six crew members’ diary entries in their own voices, based on other recordings.

The filmmakers also used restored and colorized photographs and film expedition footage taken by Frank Hurley.

But audiences must wait until the closing stages of the documentary to see the new imagery of Endurance — a choice Vaserhelyi admitted felt “terrible” but necessary.

“This was a great story with a great payoff, but you have to earn it, right?” she explained.

“What’s nice is that the film really plays as this introduction… and it builds to this amazing moment.”



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Delta Air Lines is giving its cabin interiors a new look. Here’s a peek inside.

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Delta Air Lines wants to elevate its passenger experience even before the plane leaves the ground.

The airline, which next year will celebrate it centennial anniversary, on Tuesday announced it is embarking on a “nose to tail” redesign of its interior cabins. The refresh includes new seat fabrics and materials, mood lighting throughout the plane, and memory-foam cushioning in some cabins.

The interior facelift comes as the carrier, which was badly hit by the global CrowdStrike outage in July, reported a third-quarter earnings decline of 26%. 

The refresh is the result of extensive research on “customers’ changing expectations and lifestyles,” Delta said in its announcement, which emphasized the company’s dedication to “elevate the travel experience.” With passenger complaints surging in 2023, even low-cost carriers like Southwest Airlines are looking to provide consumers with a more premium flight experience.

“As we embark on our next century of flying, this refreshed cabin interior infuses utility with beauty to create an atmosphere that feels fresh, elevated and timeless while reflecting our customers’ evolving tastes and expectations,” Mauricio Parise, vice president of customer experience design at Delta, said in a statement.

Here’s a look at what Delta passengers can expect from the revamp.

Sleeker seating 

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Delta comfort plus and main cabin seating with engineered leather. 

Delta


Delta Comfort+ and main cabin passengers will enjoy seats made of engineered leather with updated colors and red accent stripes. On wide-body planes, Delta Comfort+ and main cabin seating will have the added luxury of memory-foam cushioning.

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Top view of Delta One cabin refresh.

Delta


Premium passengers in the Delta One cabin will find seats upholstered in soft, breathable fabric seats made of a wool and nylon blend, according to the airline.

Despite differences in fabrics and materials among the different seating section, the redesign is meant to bring a premium look and feel for all cabins, making “everything consistent,” according to a promotional video, so that “no matter what, it looks brand new.”

Enhanced lighting

Delta’s new cabins will also feature what the company describes as “enhanced lighting programs” throughout the plane. “Every flight is different, so we’ve focused on creating warm, calming and atmospheric lighting options that create an environment for customers to rest and relax, or stay productive as they wish,” Parise said.

That include different lighting moods for different phases of the flight. For example, during boarding, “We’ve focused on the ‘moment of deceleration’ — warm and inviting lighting that makes the cabin appear spacious and open,” according to Delta.

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Delta’s newly renovated cabins will feature what the company describes as “enhanced lighting programs” throughout the plane. 

Delta


At mealtimes: “We queue hues that feel like you’re at a candlelit dinner – making meals more natural and inviting.”

Sleeptime: “As the lights dim for sleep, we borrow from the sunset and slowly remove blue light while bringing in warm amber tones which are reminiscent of a sunset glow.” 

Wake time: “When it’s time to wake up, the cabin slowly brightens into morning and daylight.” 

Improved bathrooms

As part of the refresh, restrooms will feature bright walls and calming blue cabinets. New smooth flooring with specks of color  will ensure “improved cleanliness and safe traction,” according to Delta. 

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Delta’s cabin redesign includes improved bathrooms.

Delta


The new cabin design will debut later this fall on narrow-body Boeing 757 aircraft flying domestic and short international routes, according to Delta. Renovated cabins on wide-body Airbus A35 aircraft will follow in 2025, with the rest of the airline’s fleet to follow over “the next few years.” 



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