News
Failure to Establish a Governing Framework for Gaza Contributed to Chaotic and Deadly Convoy Situation
The lack of a plan for governing Gaza has created a chaotic and desperate situation in northern Gaza, leading to a deadly incident that resulted in the deaths of dozens of Palestinians. This tragedy underscores the urgent need for a coordinated and effective strategy to address the humanitarian crisis in the region.
According to Gazan health officials, more than 100 people were killed and 700 injured in the chaos that ensued when hungry civilians rushed at a convoy of aid trucks. The root causes of the crisis are extreme hunger and desperation, exacerbated by the looming famine in northern Gaza. Civilian attempts to access aid, Israeli restrictions, and damaged infrastructure have made it difficult to provide essential supplies to the population.
One of the key factors contributing to the chaos is Israel’s failure to establish a plan for governing the north of Gaza. While the Israeli military has largely withdrawn from the region following its defeat of Hamas forces, there is a lack of centralized authority to coordinate services, enforce law and order, and protect aid deliveries.
The absence of a clear governance plan has left a void that is being filled by chaos and lawlessness. Without a structured system in place, armed groups and criminal gangs are taking advantage of the vacuum, further destabilizing the region.
Analysts and aid workers have criticized Israel for its lack of a long-term strategy for Gaza, pointing to the need for a coordinated effort to address the humanitarian crisis and prevent further loss of life. The failure to establish a plan for governance has left civilians in northern Gaza vulnerable and desperate, with no clear path forward.
The international community has called for urgent action to address the situation in Gaza and prevent further escalation of violence and suffering. Without a comprehensive plan for governance and humanitarian assistance, the crisis in northern Gaza is likely to worsen, putting more lives at risk.
It is imperative that all stakeholders, including Israel, Palestinian authorities, and international partners, work together to establish a clear and effective strategy for governing Gaza and providing essential services to its population. Only through coordinated efforts and meaningful collaboration can the current crisis be effectively addressed and future tragedies prevented.
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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