Connect with us

CBS News

3 critical gold moves all investors should make now

Avatar

Published

on


gettyimages-176637212.jpg
By getting started with gold now, investors can better position themselves for long-term gains.

Westend61


Those investors hoping for a straight path down from decades-high inflation have been disappointed this year after two consecutive reports showed inflation higher than the Federal Reserve’s 2% target goal. With inflation currently at 3.1%, there’s still work left to do, and interest rates are likely to remain high until that work is completed. 

Against this backdrop, many investors have looked to boost their savings and diversify their portfolios. Accordingly, gold investing hit an 11-year high last fall. Unlike some other assets, gold is a valuable way to hedge against inflation and offset losses felt elsewhere. 

Are you considering the precious metal? Below we’ll detail three critical gold moves all investors should make now. 

Start exploring your options here to learn more about this unique investment opportunity.

3 critical gold moves all investors should make now

Here are three critical gold moves all investors should make now.

Get started

It may seem self-evident but the first and most important gold investing move is to simply get invested in the precious metal. While inflation has come down significantly from its recent high in June 2022, it’s still elevated, with no clear insight into when it will come down further. 

With this understanding, investors would benefit from promptly getting invested in the metal. Thanks to its ability to hedge against inflation (gold often maintains its value and even rises during such periods), many would benefit from devoting a portion of their portfolio to gold now, especially when measured against other, volatile investments like stocks and bonds.

Get started with gold today

Don’t overinvest

While it may be tempting to fully protect your portfolio in today’s inflationary environment, it’s important not to overinvest in any asset class, including gold. For the metal to be truly valuable, then, investors should limit the gold portion of their portfolio to 10% or less

Depending on the investors’ profile, that range could be higher or lower but should generally not exceed the 10% threshold. By maintaining this equilibrium investors won’t suffocate the potential of their other investments while still offering them the unique security that only gold can provide.

Research all options

Gold comes in many investment forms, ranging from simple to advanced. Beginner investors, then, should research all their options to make sure they’re getting started with the right type. Gold IRAs, gold ETFs, gold stocks and gold futures come with unique pros and cons but they won’t all be advantageous for every investor. 

Take the time, then, to understand what they can and can’t do. And know what you expect in advance. By doing these calculations now you’ll better improve your chances of a successful gold investment, regardless of the type. 

The bottom line

Gold is a unique investment and in today’s inflationary, high-rate climate that may be exactly what many investors need. To bolster the benefits of an investment in the precious metal investors should simply get started, as every day without gold in your portfolio is another day in which it could unnecessarily suffer from inflation. 

But investors should be careful not to overinvest, either, as a more balanced approach is likely to produce a more fruitful outcome. Finally, investors should research all their gold options to find the one best suited to their unique financial circumstances. By making these three critical gold moves now investors can immediately see some short-term benefits while positioning themselves (and their portfolios) for long-term financial success. 



Read the original article

Leave your vote

Continue Reading

CBS News

Tajikistan nationals with alleged ISIS ties removed in immigration proceedings, U.S. officials say

Avatar

Published

on


When federal agents arrested eight Tajikistan nationals with alleged ties to the Islamic State terror group on immigration charges back in June, U.S. officials reasoned that coordinated raids in Los Angeles, New York and Philadelphia would prove the fastest way to disrupt a potential terrorist plot in its earliest stages. Four months later, after being detained in Immigration and Customs Enforcement (ICE) facilities, three of the men have already been returned to Tajikistan and Russia, U.S. officials tell CBS News, following removals by immigration court judges. 

Four more Tajik nationals – also held in ICE detention facilities – are awaiting removal flights to Central Asia, and U.S. officials anticipate they’ll be returned in the coming few weeks. Only one of the arrested men still awaits his legal proceeding, following a medical issue, though U.S. officials speaking on the condition of anonymity to discuss the sensitive proceedings indicated that he remains detained and is likely to face a similar outcome. 

The men face no additional charges – including terrorism-related offenses – with the decision to immediately arrest and remove them through deportation proceedings, rather than orchestrate a hard-fought terrorism trial in Article III courts, born out of a pressing short-term concern about public safety. 

Soon after the eight foreign nationals crossed into the United States, the FBI learned of the potential ties to the Islamic State, CBS News previously reported. The FBI identified early-stage terrorist plotting, triggering their immediate arrests, in part, through a wiretap after the individuals had already been vetted by U.S. Customs and Border Protection, law enforcement sources confirmed to CBS News in June. 

Several months later, their removals following immigration proceedings mark a departure from the post-9/11 intelligence-sharing architecture of the U.S. government. 

Now facing a more diverse migrant population at the U.S.-Mexico border, a new effort is underway by the Department of Homeland Security, Department of Justice and the Intelligence Community to normalize the direct sharing of classified information – including some marked top-secret – with U.S. immigration judges. 

The more routine intelligence sharing with immigration judges is aimed at allowing U.S. immigration courts to more regularly incorporate derogatory information into their decisions. The endeavor has led to the creation of more safes and sensitive compartmented information facilities – also known as SCIFs – to help facilitate the sharing of classified materials. Once considered a last resort for the department, Secretary Alejandro Mayorkas has sought to use immigration tools, in recent months, to mitigate and disrupt threat activity.

The immigration raids, back in June, underscore the spate of terrorism concerns from the U.S. government this year, as national security agencies point to a system now blinking red in the aftermath of the Oct. 7 attacks by Hamas on Israel, with emerging terrorism hot spots in Central Asia. 

A joint intelligence bulletin released this month, and obtained by CBS News, warns that foreign terrorist organizations have exploited the attack nearly one year ago and its aftermath to try to recruit radicalized followers, creating media that compares the October 7 and 9/11 attacks and encouraging “lone attackers to use simple tactics like firearms, knives, Molotov cocktails, and vehicle ramming against Western targets in retaliation for deaths in Gaza.”

In May, ICE arrested an Uzbek man in Baltimore with alleged ISIS ties after he had been living inside the U.S. for more than two years, NBC News first reported. 

In the past year, Tajik nationals have engaged in foiled terrorism plots in Russia, Iran and Turkey, as well as Europe, with several Tajik men arrested following March’s deadly attack on Crocus City Hall in Moscow that left at least 133 people dead and hundreds more injured. 

The attack has been linked to ISIS-K, or the Islamic State Khorasan Province, an off-shoot of ISIS that emerged in 2015, founded by disillusioned members of Pakistani militant groups, including Taliban fighters. In August 2021, during the U.S. military withdrawal from Afghanistan, ISIS-K launched a suicide attack in Kabul, killing 13 U.S. service members and at least 170 Afghan civilians. 

In a recent change to ICE policy, the agency now recurrently vets foreign nationals arriving from Tajikistan, Uzbekistan and other Central Asian countries, detaining them while they await removal proceedings or immigration hearings.

Only 0.007% of migrant arrivals are flagged by the FBI’s watchlist, and an even smaller number of those asylum seekers are ultimately removed. But with migrants arriving at the Southwest border from conflict zones in the Eastern Hemisphere, posing potential links to extremist or terrorist groups, the White House is now exploring ways to expedite the removal of asylum seekers viewed as a possible threat to the American public. 

“Encounters with migrants from Eastern Hemisphere countries—such as China, India, Russia, and western African countries—in FY 2024 have decreased slightly from about 10 to 9 percent of overall encounters, but remain a higher proportion of encounters than before FY 2023,” according to the Homeland Threat Assessment, a public intelligence document released earlier this month. 

A senior homeland security official told reporters in a briefing Wednesday, that the U.S. is engaged in an “ongoing effort to try to make sure that we can use every bit of available information that the U.S. government has classified and unclassified, and make sure that the best possible picture about a person seeking to enter the United States is available to frontline personnel who are encountering that person.”

Approximately 139 individuals flagged by the FBI’s terror watchlist have been encountered at the U.S.‑Mexico border through July of fiscal year 2024. That number decreased from 216 during the same timeframe in 2023. CBP encountered 283 watchlisted individuals at the U.S.-Canada border through July of fiscal year 2024, down from 375 encountered during the same timeframe in 2023.

“I think one of the features of the surge in migration over recent years is that our border personnel are encountering a much more diverse and global population of individuals trying to enter the United States or seeking to enter the United States,” a senior DHS official said. “So, at some point in the past, it might have been primarily a Western Hemisphere phenomenon. Now, our border personnel encounter individuals from around the world, from all parts of the world, to include conflict zones and other areas where individuals may have links or can support ties to extremist or terrorist organizations that we have long-standing concerns about.”

In April, FBI Director Christopher Wray warned that human smuggling operations at the southern border were trafficking in people with possible connections to terror groups.

“Looking back over my career in law enforcement, I’d be hard-pressed to think of a time when so many different threats to our public safety and national security were so elevated all at once, but that is the case as I sit here today,” Wray, told Congress in June, just days before most of the Tajik men were arrested.

The expedited return of three Tajiks to Central Asia required tremendous diplomatic communication, facilitated by the State Department, U.S. officials said.  

Returns to Central Asia routinely encounter operational and diplomatic hurdles, though regular channels for removal do exist. According to agency data, in 2023, ICE deported only four migrants to Tajikistan.

,

and

contributed to this report.



Read the original article

Leave your vote

Continue Reading

CBS News

Here Comes the Sun: Ralph Macchio and more

Avatar

Published

on


Here Comes the Sun: Ralph Macchio and more – CBS News


Watch CBS News



Actor Ralph Macchio sits down with Lee Cowan to discuss the sixth and final season of “Cobra Kai.” Then, Tracy Smith visits The Broad museum in Los Angeles to learn about Mickalene Thomas’ exhibition “All About Love.” “Here Comes the Sun” is a closer look at some of the people, places and things we bring you every week on “CBS Sunday Morning.”

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

The Depraved Heart Murder – CBS News

Avatar

Published

on


The Depraved Heart Murder – CBS News


Watch CBS News



A surgeon is accused of drugging his girlfriend in order to control her. “48 Hours” contributor Nikki Battiste reports.

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

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.