News
Candidate Ysabel Jurado takes the lead over Councilmember Kevin de León
Candidate Ysabel Jurado takes the lead in the race for Los Angeles City Council, surpassing Councilmember Kevin de León with a grassroots campaign that prioritizes community engagement over big-money endorsements and glossy mailers. Jurado, a tenant rights attorney from Highland Park, has focused her efforts on supporting renters, fighting gentrification, and amplifying the voices of marginalized communities in the 14th District.
Despite facing an uphill battle with a lean campaign operation, Jurado’s strategy of canvassing door-to-door with paid staff and volunteers has paid off. In the latest election results, she secured first place, edging out De León by a narrow margin. Jurado’s commitment to connecting with voters one-on-one has resonated, leading to a surge in support that demonstrates the growing influence of the city’s political left.
As the race heads towards a likely runoff, Jurado remains unsure of who her opponent will be, as votes continue to be counted. However, her lead in the polls reflects a desire for change and a new direction in city leadership. De León, seeking a second term, faces challenges stemming from past controversies, including a scandal over leaked racist remarks that led to resignations within city government.
The differences between Jurado and De León on key issues such as housing, homelessness, and public safety highlight the stark choice facing voters in the 14th District. Jurado’s platform emphasizes social services over policing, advocating for the repeal of policies that criminalize homelessness. In contrast, De León’s record on public safety and homelessness interventions aligns with traditional approaches that have come under scrutiny in recent years.
The upcoming runoff election offers voters a clear contrast in leadership styles and priorities. Jurado’s progressive agenda, supported by a diverse coalition of community groups and political figures, represents a shift towards more inclusive and responsive governance. With endorsements from prominent elected officials and grassroots organizations, Jurado’s campaign signals a desire for fresh perspectives and bold initiatives in City Hall.
As the race unfolds, observers note the district’s history of supporting incumbents despite political controversies. However, Jurado’s strong position in the polls indicates a shift in voter sentiment towards candidates who prioritize community engagement and progressive values. With endorsements from a wide range of stakeholders, Jurado’s campaign has galvanized support from residents who seek a representative committed to equity and justice.
In the coming weeks, as the runoff election approaches, the contrast between Jurado and De León will be the focus of intense scrutiny. With grassroots organizing, community outreach, and a bold vision for change, Jurado has emerged as a frontrunner in the race for City Council. Her success reflects a growing momentum for progressive candidates who prioritize the needs of residents and challenge the status quo in local politics.
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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