CBS News
Suspect dead after shooting at Northern California school; 2 students hurt, sheriff’s office says
PALERMO – Authorities say a suspect is dead and two students are hurt after a shooting at a school in the Northern California community of Palermo on Wednesday.
The Butte County Sheriff’s Office says the incident happened around 1 p.m. at the Feather River School of Seventh-Day Adventists.
One person was found by deputies with a self-inflicted gunshot wound, with the sheriff’s office confirming that the suspected shooter had died. Two students were also found shot; their conditions were not known at this time, the sheriff’s office says, but both have been taken to local hospitals.
The suspect has not been identified at this time. It’s also unclear if the shooting was random, the sheriff’s office says, but it doesn’t appear that the suspect had a connection to the campus.
Parents are being told to meet their children at the Oroville Church of the Nazarene at 2238 Monte Vista Avenue.
Due to the investigation, California Highway Patrol is diverting northbound traffic on Highway 70 at E. Gridley Road west to Highway 99. Southbound Highway 70 is also closed at Power House Hill Road, with traffic being diverted to Lone Tree Road.
The school serves about 35 students from kindergarten to eighth grade.
Palermo is a town about 25 miles north of Marysville and 65 miles north of Sacramento.
CBS News
Details on gun used in UnitedHealthcare CEO shooting, suspect’s arrival in New York
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.
CBS News
Jurors deadlocked in Daniel Penny trial after 4 days of deliberations
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.
CBS News
Why you should add 1-ounce gold bars to your gold IRA before 2025
Diversification is a cornerstone of any successful investment strategy — and that’s especially true when you’re investing for retirement. While there are lots of ways to diversify your investments, precious metals, and gold in particular, offer an effective way to hedge against economic uncertainty and inflation while providing tangible value. That makes the precious metal a smart bet when diversification is the goal.
Gold has also consistently proven its worth as a reliable store of value, especially over the past year. The price of gold has climbed dramatically since the start of 2024, breaking numerous price records, reflecting its enduring appeal amid inflationary pressures and geopolitical instability. While gold’s price has moderated a bit since hitting its latest milestone, the recent price shift presents a unique opportunity for investors to add gold to their portfolios at a favorable price point.
But for those with a gold individual retirement account (IRA) — which is a retirement account designed to hold physical precious metals — the case for adding gold, and 1-ounce gold bars in particular, to the mix is especially strong right now.
Find out what your gold investing options are here.
Why you should add 1-ounce gold bars to your gold IRA before 2025
Adding 1-ounce gold bars to your gold IRA before the new year could be one of the smartest financial moves you make right now for the following reasons:
To take advantage of current price corrections
After a remarkable rally earlier in 2024, gold prices have experienced a minor correction, presenting a rare opportunity for investors to buy in at a lower price point. Over the past few weeks, the price of gold has dropped from its October high of over $2,700 per ounce to approximately $2,650 per ounce, where it sits today.
While there’s no way to guarantee future performance, these types of gold price corrections have historically preceded sustained price growth. So by purchasing 1-ounce gold bars now, you can lock in this relatively lower price, optimizing your gold IRA for long-term appreciation. For retirement accounts, these corrections can be particularly advantageous because they allow you to acquire more gold for your dollar. As gold’s value continues to climb, this strategic entry point could significantly bolster the overall performance of your IRA portfolio.
Learn more about how gold could benefit your portfolio today.
To gain an effective inflation hedge
Inflation has moderated significantly over the last few months, but it remains a concern — especially with the latest data showing that consumer prices are creeping back upward. There’s also no telling what could happen with inflation in the future, and if it ticks back up significantly, it can have a big impact on the value of your retirement portfolio.
That’s where gold comes in. Gold’s reputation as a hedge against inflation is well-earned, maintaining its purchasing power even as fiat currencies lose value. So, adding 1-ounce gold bars to your gold IRA before the new year provides a double layer of security: protecting your retirement savings from inflation while offering growth potential. The standard weight and purity of 1-ounce bars make them ideal for this purpose. Their globally recognized value ensures that your investment retains its purchasing power regardless of the economic climate, safeguarding your retirement savings against devaluation.
For portfolio flexibility and liquidity
While there are many gold bar sizes to choose from, 1-ounce gold bars tend to be ideal for balancing flexibility and value within a gold IRA. They’re large enough to represent significant value while small enough to enable incremental buying and selling. This flexibility allows for more precise portfolio rebalancing, which is particularly important in retirement planning, where adapting to changing financial needs is critical.
These smaller gold bars are also easier to liquidate compared to larger bullion options, making them practical assets for retirees who may need to access their funds quickly. Their manageable size also simplifies secure storage within the custodial frameworks required for IRAs.
To align with institutional trends and increased demand
Central banks and institutional investors have been significantly increasing their gold holdings, signaling long-term confidence in the precious metal. As these institutions diversify their reserves to reduce reliance on fiat currencies, they are driving demand for physical gold, which often leads to higher prices.
Investing in 1-ounce gold bars now aligns your IRA strategy with this broader market trend. As institutional purchases grow, the supply of physical gold may tighten, potentially increasing the value of your investment. By acting before 2025, you position your gold IRA to benefit from these supply-demand dynamics.
The bottom line
As we near 2025, the case for including 1-ounce gold bars in your gold IRA is more compelling than ever. From capitalizing on current price corrections to safeguarding your retirement savings against inflation, these versatile assets offer a strategic blend of growth potential and stability. Their manageable size, rising institutional demand and long-term value make them an ideal addition to any diversified portfolio. And by acting now, you can position yourself to benefit from both gold’s enduring stability and its promising trajectory in the years ahead.