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Outlaw Music Fest featuring Bob Dylan and Willie Nelson to Co-Headline
Bob Dylan is set to co-headline Willie Nelson’s Outlaw Music Festival this summer, performing at all 25 shows during the annual touring event. This collaboration between the legendary musicians and longtime friends is highly anticipated by fans all over the country. The festival will kick off on June 21 in Alpharetta, Ga, with Robert Plant & Alison Krauss joining the first leg of the tour. John Mellencamp will then join the second leg starting on July 29 at the North Island Credit Union Amphitheatre in Chula Vista, Calif.
The highlight of the festival will be the performance by Dylan and Nelson at the Hollywood Bowl in Los Angeles on July 31. Joining them on stage will be John Mellencamp and rising star Brittney Spencer. Nelson, who celebrated his 90th birthday at the Bowl last year, is known for bringing together a star-studded lineup of performers including Neil Young, Beck, George Strait, and many others.
Outlaw Music Festival is renowned for showcasing progressive-country and Americana acts, and this year is no exception. Alongside big names like Dylan and Nelson, Celisse and Southern Avenue will be performing at various stops, while Billy Strings will make a special appearance at the Gorge Amphitheatre outside Seattle on Aug. 10.
The festival will conclude on Sept. 17 in Buffalo, N.Y., with tickets going on sale this Friday. Citi card members will have access to presale tickets from Tuesday to Thursday through the Citi Entertainment program. Willie Nelson expressed his excitement for this year’s lineup, stating, “This year’s Outlaw Music Festival Tour promises to be the biggest and best yet with this lineup of legendary artists.”
Bob Dylan’s participation in the full tour marks a special moment in Outlaw Music Festival history. While he has performed with the festival in 2017, this will be the first time he joins for the entirety of the tour. Known for his iconic songs like “Knockin’ on Heaven’s Door” and “The Times They Are a-Changin’,” Dylan’s presence is sure to elevate the festival experience for all attendees.
The Outlaw Music Festival made its debut in Scranton, Pa., in 2016 and has since grown into a popular touring event. Nelson, along with his manager Mark Rothbaum and promoter Blackbird Presents, decided to expand the festival to different cities, starting with 10 in 2017 and growing to 18 in 2018. The festival made its L.A. debut in 2018, featuring a lineup that included Grateful Dead alumnus Phil Lesh & Friends, Sturgill Simpson, and Margo Price.
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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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