News
Man Suffers Critical Injuries in Subway Train Shooting in Brooklyn
A harrowing incident unfolded on a subway train in Brooklyn on Thursday evening, leaving one man critically wounded after being shot in the head. The shooting took place at the Hoyt-Schermerhorn station in Downtown Brooklyn during the rush hour, sending shockwaves through the community.
According to Michael Kemper, the Police Department’s Chief of Transit, the altercation began when a 32-year-old man boarded a northbound A train at the Nostrand Avenue stop around 4:45 p.m. The situation quickly escalated as a 36-year-old man, described by witnesses as aggressive and provocative, confronted the younger man.
What started as a verbal dispute turned physical, with the 36-year-old brandishing a weapon at one point. Ultimately, he pulled out a gun, leading to a struggle between the two men. The 32-year-old managed to gain control of the gun and fired several shots, critically injuring the other man.
Footage of the incident captured the intensity of the confrontation, with onlookers moving away as the fight unfolded. A woman became involved, allegedly stabbing the 36-year-old man, who then produced a firearm. Panic ensued as shots rang out, sending passengers scrambling for safety.
Police officers at the Hoyt-Schermerhorn station responded swiftly to the gunshots, and the injured man was rushed to the hospital for emergency surgery. As the investigation unfolds, authorities are determining whether the shooting will be treated as self-defense or if charges will be filed against the 32-year-old.
The incident comes amidst heightened concerns about safety on the subway following a series of violent events in recent months. City officials and transit authorities are working to address these issues and ensure the well-being of passengers.
The shooting at Hoyt-Schermerhorn station underscores the need for vigilance and security measures to protect commuters. While incidents like these are rare, they highlight the importance of maintaining a safe environment for all subway riders.
As the community grapples with the aftermath of this tragic event, it serves as a sobering reminder of the fragility of public safety. Authorities are urging the public to remain vigilant and report any suspicious activity to ensure the well-being of all subway passengers.
In the wake of this shooting, the subway system faces renewed scrutiny, with efforts to enhance security measures and address concerns about safety. The incident serves as a call to action for stakeholders to work together in safeguarding the public welfare.
News
Is now the right time to invest in gold as prices have cooled?
The price of gold has climbed to record highs recently and has remained strong through much of April. And, that growth continued until the precious metal traded at around $2,390 per ounce on April 19, 2024. But since, growth in the price of the precious metal has cooled, with gold’s price now hovering around $2,300 per ounce.
This lull in gold’s price may represent an investment opportunity.
In general, investing is centered around buying assets when prices are low and selling them when prices are high – generating a profit on the difference between the two. So, considering the declines in gold’s price over the past few days, now may be the time to make your investment. But is buying gold during this lull in prices really a good idea?
Compare your gold investment options among leading brokers now.
Gold prices have cooled. Should you buy in now?
With gold’s price down from recent highs, you may be wondering if now is the right time to buy in. There are several reasons the dip in gold’s price may represent an opportunity to buy. Here are some of the biggest:
Prices may rise again
If looking at a gold price chart shows anything for certain, it shows that changes in the overall growth of the medal come in fits and spurts. Periods of price growth are typically followed by periods of declines and vice versa.
But with inflation rising in recent months – and with gold’s reputation as a safe-haven asset that can hedge against inflation – it only makes sense that the price of the precious metal will eventually start to head up again in the future. While attempting to time that directional change may be tricky, buying the precious metal while the price is down gives you the opportunity to take advantage of any upward movement that may be ahead.
Add gold to your portfolio now before prices have a chance to rise.
You may be able to make a quick profit
Gold isn’t known as an asset in which you can earn a quick return, but in today’s market, that may be the case. Don’t forget that in January, gold was trading at just $2,000 per ounce. And, by mid-April, the commodity’s price had climbed to around $2,400 per ounce. That’s about 20% growth in a matter of months, much of which happened since March 1 – an impressive climb for any investment asset.
Perhaps more importantly, gold’s price growth through the beginning of 2024 shows that the commodity doesn’t have to be a buy and hold style investment that you keep in a safety deposit box or precious metal depository for years to come. There’s also the possibility that the commodity’s price could climb further ahead, making it a compelling way to potentially generate a quick profit.
There are other benefits of investing in gold
There are other benefits of investing in gold that have little to do with the price growth seen thus far in 2024 – or the lull in prices seen over the past couple of days. Those benefits include:
- Inflation protection: Gold has long been considered an inflation hedge, and for good reason. When inflation drives the prices of consumer goods and services up – and the value of the dollar down – gold’s price tends to rise. So, it could be used to maintain the value of your portfolio during inflationary economic conditions. That’s important in today’s economic environment as stubborn inflation continues to weigh on the value of the dollar.
- Portfolio diversification: Gold’s price doesn’t always move in the same pattern that bonds or stocks do. So, mixing a reasonable amount of gold into your portfolio (up to 10% of your portfolio assets) as a diversifier could protect you from losses should one or more of your traditional portfolio assets fall in value. “If you have less than 5% – 10% of your net worth in commodities & FX (forex), you should absolutely consider adding exposure to gold and other precious metals,” says Vijay Marolia, money manager and managing partner at the wealth management firm, Regal Point Capital.
The bottom line
Gold’s price has fallen from recent highs – which may represent an opportunity to tap into growth ahead. However, gold isn’t simply a “buy while it’s low and sell while it’s a high” kind of investment opportunity. The commodity can also protect your portfolio from the stubborn inflation we’ve seen thus far in 2024 while acting as a diversification tool that could increase your risk-adjusted portfolio returns. So, consider adding gold to your portfolio today while it has the potential to grow in value.
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