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Fortune Favors the Gold - What You Need to Know

Is it smart to think of gold as a good investment?
It depends on who you ask. Some will argue that commodities, such as gold and silver, are too risky and do not provide enough value as money, while others believe that precious metals can help complement a diversified portfolio over the long term.

gold bars
Many people rush for gold in times of trouble. Gold has remained valuable since the beginning of history and performs well during stock market crashes and inflationary periods of high prices. We are now living through troubled times.

The famous businessman Warren Buffett has been a bit confused about gold for years. "I don't know where (gold) will be (in the next five years), but all I can tell you is that it's not going to do anything between now and then, but look with your eyes," he said. (CNBC, 2009). Buffett surprised many of his supporters in 2020 when his company, Berkshire Hathaway, actually acquired shares in gold mining company Barrick Gold... but sold them all the following year.

While many investors still cling to the old axiom that "cash is king," others are looking for a safe haven for their hard-earned money - so they are turning to gold. For thousands of years, the most popular investment has been gold: the most precious metal that can be twisted, changed, buried and used endlessly. Just last week, the Wall Street Journal reported that gold prices have rebounded after the Fed's latest announcement and are up 8.2% this year.

Here are 4 ways to invest in Gold.

You have many options: you can buy physical gold as gold bars or coins, invest in shares of gold mining companies or in gold exchange funds, or ETF, or buy gold futures.

1. Buy pure gold as in Bars, Coins, Jewelry.

The easiest way to invest your money in gold is to buy ordinary gold such as bars, coins or jewelry.

To truly profit from precious metals, you must realistically expect that your gold can be sold for more than what you paid for it. Unfortunately, the fluctuating price of gold is often difficult to predict. In the 1990s, gold was worth $300 on a good day. Then, as the financial and political crisis hit in the mid-2000s, people did what they always do and started buying gold, which sent the price of gold soaring.

Its price more than doubled, from $800 per ounce in 2009 to $1,900 in 2011. But by 2013, the bubble had burst, and gold had fallen to $1,300.

Then, in the summer of 2020, during the stress and uncertainty of the pandemic, gold reached a small high of $2,000 an ounce before falling again. If gold is part of your retirement plan, you can buy it from an individual retirement account, or IRA.

2. Invest in gold stocks

Diversify your retirement account portfolio with precious metals. You can invest in gold without ever touching a flake of it by purchasing shares of gold mining companies on the stock market. The advantage is that if the price of gold suddenly falls, you won't have to risk your shirt because the mining company may then decide to focus on other metals.

The downside to owning mining assets is that they can fall short of other markets, even when the price of gold is stable. Of course, business factors can also come into play: things like company income, the quality of its management team, and long-term production prospects.

You can invest in the stock market easily through many investment tools, although a few will give you free products just for signing up.

3. Invest in gold ETFs

retirement insurance
Investors can buy money in exchange for gold to avoid the uncertainty of investing in a particular company. In simple terms, these funds are funds from investors who invest in various gold and mining companies. ETFs trade like stocks; Some of the most popular gold ETFs are GLD, GDX, and GDXJ. You have to be prepared to lose a certain percentage of your investment value every year because of that budget. For example, with the largest ETF, SPDR Gold Shares, you will be charged 0.40% of your investment value annually. Still, ETFs generally have low management fees, and you save even more by buying them through an investment tool.

It is important to note that there is still some uncertainty when investing in ETFs. Although these funds are different in order to reduce risk, they are dependent on stock market fluctuations. If the market falls, the value of your investment may fall, even if the value of gold does not change.

4. Buy gold futures

The future of gold is complex. These are speculative contracts in which you agree to buy gold at a fixed price in the future. According to the Wall Street Journal, the most active gold futures contract rose 0.6% to $1,975.20 per troy ounce last week after the Federal Reserve raised gold rates.

Traders can buy and sell futures contracts to profit from changes in the price of gold. Futures traders benefit when stock prices rise. Futures traders profit when stock prices fall. Contracts generally require the purchase of a minimum of 100 ounces of gold. Novice investors should be careful with futures contracts because of the high leverage that often applies.

Tips for investing in gold

Before you become the next King Midas, and turn your entire portfolio into gold, take the following precautions:
Determine your risk tolerance: investing in gold futures can be risky, while ETFs can help you spread your risk.

Do your research: If you decide to invest in a gold mining company, check its performance over the past few years and learn whether it mines gold or other resources.

Start slow: Many investors in gold make it a small part of a diversified portfolio. Consider a larger investment.

Ask for help: Don't hesitate to ask your financial advisor if gold would be a good addition to your portfolio.

For December 2023, we bring the pros and cons of Gold as an investment, by revealing more information from experts whose opinions are highly regarded. Keep an open mind!

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A Time Traveler Digest - Myths, Legends and Facts

Numerous stories about people who supposedly traveled through time have been published in newspapers and are now revealed as fact on the Internet. Many of these tales are known to be urban legends. Other reports have turned out to be hoaxes or to have been founded on false assumptions, inadequate information, or the interpretation of fiction as fact. Here is just a small sampling of recent time traveler stories.

The Time Traveling Hipster

time traveling hipster

On the internet, there are occasionally claims that a 1941 legitimate photo of the South Fork Bridge in Gold Bridge, British Columbia, showing a time traveler, exists. It was said that his camera was anachronistically small and that his clothes and sunglasses belonged to the current day rather than the 1940s.

Subsequent investigation revealed that his current appearance could not have been completely inappropriate in 1941. The sunglasses that he is wearing are a throwback to the 1920s fashion. Many people initially think the man is sporting a printed T-shirt, but upon closer scrutiny it appears to be a sweater with an embroidered logo, similar to what sports teams of the time would have worn. The jersey is reminiscent of something that the 1960s ice hockey team the Montreal Maroons may have worn. Even though he is dressed significantly more casually than the other people in the picture. The rest of his attire seemed to have been accessible at the time.

Although his camera is smaller than most from that era, cameras of that size did exist. Kodak had been producing portable cameras of a comparable size since 1938, however it is unclear what make his camera was. A case study on viral Internet phenomena centered around the Time Traveling Hipster was presented at the Museums and the Web 2011 conference in Philadelphia.

The Disappearance of Andrew Carlssin

According to rumors, Andrew Carlssin was detained in March 2003 for SEC violations after making 126 successful high-risk stock deals. According to reports, Carlssin began with a $800 investment and ended up with almost $350,000,000, which caught the SEC's attention. Subsequent stories indicate that he confessed only four hours after his arrest, claiming to be a time traveler from 200 years in the future. In exchange for a lighter sentence and permission to return to his time craft, he offered to reveal to investigators details regarding Osama bin Laden's whereabouts and the treatment for AIDS; but, he declined to divulge the location or mechanism of his craft.

An unidentified man posted his bail and Carlssin was scheduled for a court hearing but was never again seen. Records show that he never existed.

Yahoo! News later covered the Carlssin story. Subsequently, other periodicals and newspapers reported it as true. This in turn encouraged word-of-mouth and spread via internet forums and email inboxes, resulting in far more thorough accounts of what happened.

Mike Marcum

A man named Mike Marcum is said to have created a time machine and traveled back in time in 1995. Mike was discovered on a tube on a beach in California, it was also discovered. His 1990s cell phone was the only item he brought with him. He was not heard from, nor seen again until two decades had passed. After making a comeback in 2023, Mike passed away due to a medical issue.

The Philadelphia Experiment

uss eldridge 1944

A naval military experiment, now known as the Philadelphia Experiment, is said to have taken place at the Philadelphia Naval Shipyard in Philadelphia, Pennsylvania, USA, on or about October 28, 1943. The USS Eldridge destroyer escort was allegedly supposed to be cloaked, or invisible, to enemy technology.

Project Rainbow is another name for the experiment. According to some reports, the warship made a ten-second time travel; however, time jumps much larger than that have been portrayed in popular culture, such as in the motion picture, The Philadelphia Experiment, released in 2012 as a sci-fi/action film made for television.

Most people believe the story to be a hoax. The U.S. Navy insists that no such experiment took place, and the story's specifics run counter to established knowledge of physics and Eldridge facts.

Technological advancements are occuring so quickly that it may not be long before time travel becomes a scientific fact. Artificial intelligence may hasten the possibility for allowing mankind to travel through time to explore new worlds both past and future. The future, at least for now, remains largely unpredictable.

For November 2023, we explore the phenomenon of Time Travel by revealing more information which should surely set your imagination in motion. Keep an open mind!

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Homeowners Insurance - It Never Rains, But it Pours!

It is now time to add something else to the rising cost of living. The cost of owning a home is increasing due to the rising expense of homeowner insurance - if you can afford it at all. Homeowners face ever-increasing costs for insurance policies, which are often sought after by mortgage banks.

home owners

The cost of home insurance in the United States reached about $1,820 per year (or about $152 per month), and the rate increased 12.2% between 2017 and 2021, according to data from the Financial Information and Research Institute, S&P Global Market Intelligence.

But do not worry, it is getting worse! In 2023, home insurance is expected to cost 9% more. This has forced some families to choose between their monthly insurance payments and their monthly food costs, or between providing insurance or moving out altogether. The Insurance Institute said, last year, that while premiums are going up and inflation is continuing to rise, the increase in natural disasters is also a major driver of rising prices, with hurricanes and natural disasters forcing insurers to spend nearly 700% more to cover losses since 1980.

So, what else is new? That is not just the case in hurricane-prone states like Florida (where prices could rise at least 40% this year). Between 2021 and 2022, Oklahoma homeowners experienced the highest one-year price increase of any state, with their average monthly wages premiums rising by $257.

Even in the green hills of Vermont, extreme weather costs homeowners, many of whom must purchase private flood insurance (which can cost more than $2,000 a year). In Louisiana, home owners saw insurance policy prices increase sevenfold.

You would think that homeowners insurance would have your back if something beyond your control damaged your home (is that not the problem?). However, most policies do not cover floods or earthquakes. Does it feel like enough when you lose more than a thousand dollars a year in your savings?

Take Florida, for example, where Hurricane Ian killed more than 100 people and caused tens of billions of dollars in damage. Historically, about half of the destruction caused by hurricanes like this one has been caused by high winds, flying debris and rain, covered by traditional roofs. The remaining 40 to 50% in damage is caused by flooding, which is usually not covered by insurance, even in expensive Florida.

Homeowners concerned about damage from floods, or earthquakes, should purchase additional policies. Personal earthquake insurance costs up to $800 a year (the FEMA handout is not a significant amount above the average monthly mortgage payment, which is already $1,100 per month, or $13,200 over a 12-month period.

Although flooding is the leading cause of property damage in the country, only 5% of homeowners in the United States have flood insurance. Although more than 50 percent of Florida coastal homeowners have insurance policies, that still leaves nearly half unprotected. In California, which experiences 90% of all earthquakes in the country, FEMA reported that only 10% of homeowners have earthquake insurance. Standard insurance does not cover large storms like these, because the number of claims from one major weather event will be enough to put any insurer out of business.

Currently, FEMA offers only about $5,000 in flood grants per household, which is a far cry from the $25,000 in damage a single wild animal can cause. If you live in a high-risk area, you should definitely consider investing in earthquake or flood insurance. Shop around and just ask for a quote. It might be cheaper than you think.

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